Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.006%

Price spread now: KuCoin against StandX+0.032%51s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.244% of the position

Long on StandX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.032%, 7d avg −0.016%

Together, before fees−0.139%+ Points / potential airdropStandX: Active · farm board−$14 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: KuCoin is 0.048% dearer against StandX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,775.4	0.0100	pay 0.0013% / 1h	34m 42s	$21.4M	$57.9M	40x
Short	KuCoin ETHUSDTM	2,776.3	0.0099	get 0.0099% / 8h	1h 34m	$426.4M	$737.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.21
Price spread: +0.032% → −0.016%: $4.81
Slippage, 4 orders: −$4.38
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.78
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	1.98 bp	6.2 bp −$6	7.0 bp −$70	8.1 bp −$811	12.8 bp −$6,385
Sell KuCoin live order book, 4 min ago	0.02 bp	6.0 bp −$6	7.2 bp −$72	10.5 bp −$1,052	doesn't fit

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
Perpl ETH	−0.0447%	43m	2,777	+0.057%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,775.2	−0.006%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.1	+0.025%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,777.1	+0.061%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,776.5	+0.040%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0019%	1h	2,777.1	+0.061%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,776.8	+0.049%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.159%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.8	+0.085%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.6	+0.043%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0015%	8h	2,777.2	+0.066%	$270.1M	$68.6M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,777	+0.056%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.7	+0.083%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0035%	8h	2,776.9	+0.055%	$256.6M	$989.8M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,777	+0.056%	$181K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0058%	1h	2,775.8	+0.016%	$14.2M	$117.8M	50x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,776.8	+0.051%	$6.44B	$17.11B	150x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,777.4	+0.071%	$1.63B	$2.65B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,774.8	−0.023%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,776.8	+0.052%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,776.9	+0.055%	$3.29B	$9.59B	200x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,776.9	+0.054%	$55.3M	$228.8M	40x	as long as short
Bybit ETHUSDT	+0.0094%	8h	2,777.1	+0.059%	$2.52B	$4.59B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,776.5	+0.039%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,777.7	+0.081%	$115.0M	$498.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,778.4	+0.108%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,775.5	+0.005%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTMshort	+0.0099%	8h	2,776.3	+0.032%	$426.4M	$737.9M	100x
Paradex ETH-USD-PERP	+0.0100%	8h	2,776.7	+0.048%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.1	+0.025%	$480K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.5	+0.113%	$3.19B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,777.4	+0.072%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.2	+0.029%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,777.6	+0.077%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.213%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.3	+0.069%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	−0.029%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.2	+0.030%	$179.9M	$779.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.3	+0.031%	$161.5M	$91.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,777.9	+0.089%	$8.7M	$32.5M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,775.4	long leg	$21.4M	$57.9M	40x
Vest ETH-PERP	+0.0100%	1h	2,776.8	+0.049%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,778.6	+0.115%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.6	+0.081%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.5	+0.146%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775.1	−0.012%	$973K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.7	+0.010%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778	+0.092%	$60.3M	$4.60B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0114%	1h	2,778.7	+0.118%	$258.3M	$222.0M	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,776.9	+0.054%	$8.6M	$673.9M	4.9x	as long as short
Hibachi ETH/USDT-P	+0.0136%	1h	2,777.9	+0.090%	$279K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,779.6	+0.152%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778	+0.094%	$86.2M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,777	+0.056%	$284.8M	$194.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0190%	1h	2,777.2	+0.066%	$7.4M	$1.1M	25x	as long as short