Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Katana Perps against StandX+0.007%7-day average −0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.007%, 7d avg −0.055%
Together, before fees−0.038%+ Points / potential airdropStandX: Active · 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: Katana Perps is 0.062% dearer against StandX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,7490.0100pay 0.0013% / 1h29m 45s$21.3M$67.8M40x
ShortKatana Perps ETH-USD2,749.20.0100get 0.0100% / 8h6h 29m$468K$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.04
Price spread: +0.007% → −0.055%
$6.24
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$5.61
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 4 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 4 min ago1.27 bp5.6 bp −$66.6 bp −$667.8 bp −$77718.5 bp −$9,228
Sell Katana Perps no order-book sample
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 54 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%43m2,749.7+0.024%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.3+0.011%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.042%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.148%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750+0.035%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,746.4−0.095%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748−0.036%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,750.2+0.042%$22.2M200xas long as short
01 Exchange ETHUSD+0.0016%1h2,750.4+0.051%$181K$1.1M50xas long as short
BingX ETH-USDC+0.0032%8h2,750.5+0.056%$17.3Mas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0044%8h2,751.5+0.090%$1.69B$11.03B100xas long as short
HTX ETH-USDT+0.0046%8h2,749.9+0.032%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0063%8h2,751.2+0.080%$253.1M$859.0M200xas long as short
MEXC ETH_USDT+0.0072%8h2,751.8+0.100%$1.57B$2.56B500xas long as short
Aevo ETH-PERP+0.0072%1h2,748.3−0.024%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,751+0.072%$381.5M$605.9M100xas long as short
Binance ETHUSDT+0.0074%8h2,751.6+0.094%$6.36B$16.23B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.9+0.106%$59.1M$4.38B50xas long as short
Bitget ETHUSDT+0.0091%8h2,751.4+0.087%$2.08B$2.85B150xas long as short
Gate ETH_USDT+0.0095%8h2,751.6+0.094%$3.40B$8.86B200xas long as short
Lighter ETH+0.0096%1h2,751.4+0.089%$113.0M$442.4M50xas long as short
Lighter RH ETH+0.0096%1h2,753+0.145%$24.9M$107.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.7−0.010%$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.3+0.158%$15.9M$8.1M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,749.2+0.007%$468K$2.9M50x
Nado ETH-PERP+0.0100%1h2,748.5−0.019%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.6+0.167%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.7+0.025%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.4+0.086%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748−0.036%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.055%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,750.6+0.059%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.057%$133.1M$346.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.169%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.116%$159.7M$84.5M50xas long as short
StandX ETH-USDlong+0.0100%1h2,749long leg$21.3M$67.8M40x
Polymarket Perps ETH-USD+0.0100%1h2,749.6+0.022%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.7+0.025%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.6+0.059%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.9+0.104%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,7490.000%$963K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.5+0.055%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,750.4+0.051%$267.3M$66.6M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.184%$165.5M$306.7M25xas long as short
Vest ETH-PERP+0.0100%1h2,750.4+0.052%$869K50xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,747.3−0.061%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.7+0.063%$30.5M$74.2M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,749.9+0.033%$7.9M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,752.9+0.143%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,750.7+0.062%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0201%1h2,752+0.110%$258.5M$200.4M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3−0.025%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.4+0.016%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.7+0.097%$90.0M$316.5M100xas long as short