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Funding arb · Price arb /

ETH

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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 +0.017%
Price spread now: Hyperliquid against StandX+0.065%7-day average +0.020% · 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−$16as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on StandXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.065%, 7d avg +0.020%
Together, before fees−0.044%+ Points / potential airdropStandX: Active · Hyperliquid: Season 2 · farm board−$4 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: Hyperliquid is 0.045% dearer against StandX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,776.90.0100pay 0.0013% / 1h2m 21s$21.4M$58.2M40x
ShortHyperliquid ETH2,778.70.0100get 0.0013% / 1h2m 21s$3.19B$2.35B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.065% → +0.020%
$4.49
Slippage, 4 orders
−$3.57
Fee StandX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.08
Costs to cover
0.206%
Break-even
never at this rate
Slippage from StandX: live order book, 2 min ago; Hyperliquid: live order book, 12 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 bp5.8 bp −$66.7 bp −$677.8 bp −$78317.2 bp −$8,590
Sell Hyperliquid live order book, 12 min ago0.18 bp4.7 bp −$54.7 bp −$475.2 bp −$5187.6 bp −$3,807

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%43m2,776.6−0.010%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.8−0.038%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.004%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.187%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5−0.014%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.006%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.047%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.7−0.044%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777+0.004%$22.4M—200xas long as short
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.027%$258.7M$222.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,776.1−0.027%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2−0.025%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3−0.020%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.9−0.001%$12.9M—200xas long as short
Aster ETHUSDT+0.0033%8h2,776.3−0.021%$254.7M$995.2M200xas long as short
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.220%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0056%1h2,776−0.034%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,773.9−0.109%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,776−0.031%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.1−0.029%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1−0.029%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776−0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.1−0.027%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.038%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776.4−0.017%$2.52B$4.62B150xas long as short
BingX ETH-USDT+0.0092%8h2,776.3−0.023%—$1.21B—as long as short
KuCoin ETHUSDTM+0.0094%8h2,776.1−0.028%$422.3M$739.4M100xas long as short
Lighter ETH+0.0096%1h2,776.7−0.008%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.2+0.046%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.8−0.005%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.9−0.035%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5−0.014%$477K$2.7M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,778.7+0.065%$3.19B$2.35B25x
Pacifica ETH+0.0100%1h2,776.8−0.002%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.8−0.040%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.4+0.016%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.219%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.017%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.115%$147.3M$337.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.2−0.097%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.043%$161.4M$90.8M50xas long as short
StandX ETH-USDlong+0.0100%1h2,776.9long leg$21.4M$58.2M40x
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.011%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.006%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.060%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.058%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775.6−0.048%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.8−0.002%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.020%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.007%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.1+0.078%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.016%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5−0.013%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,775.8−0.038%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,778.3+0.050%$270K$1.5M20xas long as short