Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.004%

Price spread now: MEXC against StandX+0.089%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on StandX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.089%, 7d avg −0.019%

Together, before fees−0.182%+ Points / potential airdropStandX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.108% dearer against StandX than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.019%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,765.2	0.0100	pay 0.0013% / 1h	34m 48s	$21.4M	$57.7M	40x
Short	MEXC ETH_USDT	2,767.7	0.0046	get 0.0046% / 8h	2h 34m	$1.62B	$2.65B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$11.34
Price spread: +0.089% → −0.019%: $10.8
Slippage, 4 orders: −$3.28
Fee StandX: 4 bp × 2 orders: −$8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$13.81
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; MEXC: 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	1.45 bp	5.8 bp −$6	6.2 bp −$62	7.7 bp −$774	14.4 bp −$7,184
Sell MEXC live order book, 4 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.0 bp −$102	2.9 bp −$1,464

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	−0.0112%	43m	2,765.3	+0.004%	$288K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	+0.033%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,764.5	−0.025%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0064%	1h	2,765.4	+0.007%	$172K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0052%	1h	2,767.5	+0.085%	$8.8M	$32.5M	100x	as long as short
Phoenix ETH	−0.0023%	1h	2,767.2	+0.072%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,765.2	−0.001%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,765.6	+0.016%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,765.9	+0.026%	$22.3M	—	200x	as long as short
BingX ETH-USDT	+0.0016%	8h	2,767	+0.066%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0021%	8h	2,766.8	+0.056%	$1.71B	$11.85B	100x	as long as short
Aftermath Perps ETHUSD	+0.0025%	1h	2,767.2	+0.072%	$29K	$21K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,765.9	+0.025%	$13.1M	—	200x	as long as short
Phemex ETHUSDT	+0.0030%	8h	2,766.8	+0.059%	$266.3M	$66.0M	150x	as long as short
Aster ETHUSDT	+0.0037%	8h	2,767.2	+0.074%	$255.8M	$995.2M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0039%	1h	2,767.1	+0.070%	$258.4M	$224.5M	50x	as long as short
MEXC ETH_USDTshort	+0.0046%	8h	2,767.7	+0.089%	$1.62B	$2.65B	500x
Binance ETHUSDT	+0.0046%	8h	2,767.4	+0.078%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,763.5	−0.062%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0063%	8h	2,767.5	+0.084%	$3.28B	$9.61B	200x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,767.6	+0.088%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,765.1	−0.005%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,764	−0.042%	$140.6M	$319.6M	—	as long as short
Lighter ETH	+0.0096%	1h	2,765.9	+0.026%	$115.2M	$511.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,767.7	+0.092%	$25.3M	$122.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,765.8	+0.021%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,764.9	−0.012%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,765.5	+0.011%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,764.6	−0.020%	$14.7M	$116.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.9	+0.170%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,765.5	+0.009%	$31.1M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,767	+0.065%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,764.4	−0.029%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,767	+0.067%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.5	+0.012%	$164.9M	$254.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,767.6	+0.085%	$424.3M	$741.2M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.1	+0.105%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,763.9	−0.047%	$177.7M	$791.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,767.6	+0.087%	$160.9M	$97.1M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,765.2	long leg	$21.4M	$57.7M	40x
Vest ETH-PERP	+0.0100%	1h	2,765.9	+0.026%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,766.8	+0.058%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,766	+0.030%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768	+0.102%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,764.2	−0.035%	$970K	$14.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,765.2	0.000%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,766.3	+0.040%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.2	+0.074%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,767.3	+0.076%	$60.1M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0120%	8h	2,766.1	+0.033%	$8.6M	$671.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,768.2	+0.107%	$32.5M	$11.9M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,766.1	+0.033%	$285.7M	$194.8M	150x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,764.2	−0.035%	$7.5M	$998K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,767	+0.066%	$87.9M	$329.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0416%	1h	2,766.2	+0.036%	$280K	$1.5M	20x	as long as short