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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against StandX+0.202%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on StandXShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 7 days−0.819%−$82 · spread now +0.202%, 7d avg −0.026%
Together, before fees−0.809%+ Points / potential airdropStandX: Active · farm board−$81 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.228% dearer against StandX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,776.20.0100pay 0.0013% / 1h41m 42s$21.4M$57.9M40x
ShortBackpack ETH_USDC_PERP2,781.80.0100get 0.0013% / 1h41m 42s$15.3M$44.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against StandX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.202% → −0.026%
$22.81
Slippage, 4 orders
−$2.89
Fee StandX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
$1.93
Costs to cover
0.209%
Break-even
from the start
Slippage from StandX: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 2 min ago1.08 bp5.1 bp −$56.4 bp −$648.0 bp −$79616.0 bp −$8,023
Sell Backpack live order book, 2 min ago0.02 bp5.0 bp −$56.3 bp −$6329.4 bp −$2,941doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,780.5+0.156%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.4+0.152%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.1+0.068%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.018%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,781.1+0.177%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0030%1h2,775.9−0.009%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.1+0.212%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.072%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,781+0.173%$270.5M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.7+0.199%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.2+0.216%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,782.1+0.212%$1.71B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.6+0.193%$13.2M—200xas long as short
Aster ETHUSDT+0.0037%8h2,781.8+0.203%$257.1M$989.5M200xas long as short
Bullet ETH-USD+0.0038%1h2,780.6+0.158%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0039%1h2,780.1+0.139%$14.3M$117.8M50xas long as short
MEXC ETH_USDT+0.0056%8h2,782.8+0.238%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,778.6+0.086%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0058%8h2,781.8+0.200%$6.46B$17.11B150xas long as short
Bitget ETHUSDT+0.0073%8h2,781.5+0.191%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0079%8h2,782.2+0.214%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0095%8h2,781+0.171%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,782.4+0.222%$115.3M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,783.3+0.255%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,781.5+0.190%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,782+0.210%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781+0.174%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.6+0.158%$482K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.7+0.307%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.9+0.169%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.3+0.112%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.2+0.217%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.202%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.3+0.184%$426.9M$737.5M100xas long as short
Backpack ETH_USDC_PERPshort+0.0100%1h2,781.8+0.202%$15.3M$44.0M50x
Variational Omni ETH+0.0100%8h2,773.8−0.086%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.5−0.024%$179.9M$780.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.012%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6+0.013%$8.7M$32.6M100xas long as short
StandX ETH-USDlong+0.0100%1h2,776.2long leg$21.4M$57.9M40x
Vest ETH-PERP+0.0100%1h2,780.4+0.151%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.6+0.195%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.5+0.191%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.4+0.258%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.3+0.149%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,781+0.173%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,780.7+0.162%$31.4M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9+0.097%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.5+0.225%$60.4M$4.60B50xas long as short
Kalshi KXETHPERP+0.0110%8h2,781+0.173%$8.6M$673.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0117%1h2,782.5+0.227%$258.4M$221.7M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.6+0.268%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,782.2+0.214%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0176%8h2,778+0.063%$285.6M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.6+0.158%$7.4M$1.1M25xas long as short