Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against StandX−0.056%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.056%, 7d avg −0.049%

Together, before fees+0.056%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,729.1	0.0100	pay 0.0013% / 1h	52m 52s	$21.0M	$70.2M	40x
Short	edgeX ETHUSDC	2,727.6	0.0100	get 0.0050% / 4h	52m 52s	$185.5M	$682.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee StandXbpFee edgeXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.049%: −$0.7
Slippage, 4 orders: −$3.34
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.04
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; edgeX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 1 min ago	1.10 bp	5.1 bp −$5	6.5 bp −$65	7.7 bp −$775	20.7 bp −$10.3K
Sell edgeX live order book, 1 min ago	0.09 bp	4.9 bp −$5	4.9 bp −$49	5.0 bp −$500	6.1 bp −$3,072

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	−0.0132%	1h	2,727.7	−0.052%	$8.6M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.6	+0.018%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,730	+0.033%	$812K	$3.0M	25x	as long as short
BloFin ETH-USDT	−0.0011%	8h	2,728.3	−0.031%	$281.5M	$177.2M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,728.6	−0.020%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,730.6	+0.053%	$10.5M	$42.7M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,729.3	+0.007%	$6.5M	$681.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,728.1	−0.036%	$287K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,729.2	+0.004%	$262.4M	$212.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,728.7	−0.015%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0020%	8h	2,728.9	−0.008%	—	$1.10B	—	as long as short
Bybit ETHUSDT	+0.0024%	8h	2,728.7	−0.016%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0030%	8h	2,727.9	−0.045%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,729.7	+0.022%	$192K	$891K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,731.1	+0.073%	$117K	$20.2M	52x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,728.9	−0.006%	$82.0M	$309.7M	100x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,729.4	+0.010%	$384.9M	$577.7M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0077%	8h	2,728.7	−0.016%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,729	−0.003%	$252.8M	$849.3M	200x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,728.9	−0.008%	$1.54B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,729.3	+0.006%	$6.31B	$16.15B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729.2	+0.004%	$112.5M	$428.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,730.4	+0.046%	$23.5M	$101.8M	50x	as long as short
Hibachi ETH/USDT-P	+0.0096%	1h	2,731.5	+0.088%	$242K	$1.4M	20x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,725.8	−0.123%	$4.9M	$179K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729	−0.004%	$502K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,733.7	+0.168%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.9	−0.008%	$14.0M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731	+0.070%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730	+0.034%	$32.2M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.5	+0.051%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.7	+0.023%	$1.5M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.4	+0.012%	$3.31B	$8.84B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.9	−0.008%	$2.11B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.6	−0.020%	$15.0M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,726.9	−0.080%	$133.9M	$319.8M	—	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,727.6	−0.056%	$185.5M	$682.9M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729.3	+0.007%	$158.6M	$83.7M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,729.1	long leg	$21.0M	$70.2M	40x
Vest ETH-PERP	+0.0100%	1h	2,730.3	+0.045%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.9	+0.029%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,728	−0.040%	$185K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,728.9	−0.008%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,730.5	+0.052%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,728.4	−0.027%	$957K	$10.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,728.3	−0.029%	$54.4M	$187.2M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,728.9	−0.007%	$262.9M	$64.5M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729	−0.005%	$162.7M	$352.6M	25x	as long as short
Aftermath Perps ETHUSD	+0.0102%	1h	2,729.9	+0.030%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.1	−0.036%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.3	+0.009%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,729.3	+0.008%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,729.6	+0.019%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,730.3	+0.043%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,727.3	−0.066%	$7.3M	$975K	25x	as long as short