Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against StandX+0.055%50s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$190.193% of the position

Long on StandX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.055%, 7d avg −0.010%

Together, before fees−0.107%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board−$11 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: Pacifica is 0.065% dearer against StandX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 50 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	2,718	0.0100	pay 0.0013% / 1h	31m 46s	$20.9M	$71.3M	40x
Short	Pacifica ETH	2,719.5	0.0100	get 0.0013% / 1h	31m 46s	$31.8M	$334.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.010%: $6.49
Slippage, 4 orders: −$3.27
Fee StandX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.78
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Pacifica: live order book, 2 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, 2 min ago	0.74 bp	4.7 bp −$5	5.6 bp −$56	7.3 bp −$730	11.0 bp −$5,506
Sell Pacifica live order book, 2 min ago	0.18 bp	4.5 bp −$5	5.0 bp −$50	doesn't fit	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	2,720.2	+0.082%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,718.2	+0.007%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,718.4	+0.015%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,719.7	+0.062%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,721.6	+0.132%	$815K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0008%	1h	2,719.8	+0.065%	$30.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,721.5	+0.129%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0010%	1h	2,719	+0.037%	$10.7M	$42.0M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0011%	1h	2,719.7	+0.062%	$258.7M	$206.2M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,720.6	+0.096%	$186K	$787K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0033%	8h	2,717.6	−0.014%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,718.1	+0.002%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0069%	8h	2,719.6	+0.060%	$953K	$11.2M	100x	as long as short
Bullet ETH-USD	+0.0070%	1h	2,719.1	+0.040%	$179K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0071%	1h	2,721.9	+0.142%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0076%	8h	2,718.6	+0.022%	$374.4M	$577.8M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,718.7	+0.024%	$251.5M	$843.6M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,715.9	−0.078%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,718.3	+0.012%	$1.56B	$2.58B	500x	as long as short
OKX ETH-USDT-SWAP	+0.0091%	8h	2,718.5	+0.018%	$1.65B	$10.77B	100x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,718.8	+0.028%	$6.29B	$16.06B	150x	as long as short
Phemex ETHUSDT	+0.0095%	8h	2,719.1	+0.039%	$262.8M	$64.3M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,718.9	+0.032%	$111.2M	$432.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,720	+0.075%	$23.3M	$103.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,718.4	+0.015%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,721	+0.109%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,720.2	+0.081%	$13.8M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,719.9	+0.070%	$3.08B	$2.05B	25x	as long as short
Pacifica ETHshort	+0.0100%	1h	2,719.5	+0.055%	$31.8M	$334.4M	50x
Ondo Perps ETH-USD.P	+0.0100%	1h	2,717.9	−0.004%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,718.9	+0.034%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,719	+0.035%	$161.7M	$327.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,718.5	+0.017%	$3.30B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,718.5	+0.018%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,718.6	+0.022%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.2	+0.193%	$133.0M	$326.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.1	+0.225%	$184.5M	$676.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.6	+0.206%	$158.5M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,724.6	+0.242%	$8.6M	$31.3M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,718	long leg	$20.9M	$71.3M	40x
Vest ETH-PERP	+0.0100%	1h	2,720.6	+0.095%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,720.9	+0.107%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,719.7	+0.063%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,719.9	+0.068%	$40.8M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,718.7	+0.026%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.6	−0.016%	$30.5M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,720.3	+0.086%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,720.4	+0.086%	$49.7M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,719	+0.038%	$5.5M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,720	+0.074%	$6.5M	$691.7M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,719.4	+0.051%	$82.7M	$315.7M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,721.2	+0.118%	$32.0M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,718.3	+0.012%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,720.4	+0.088%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0251%	8h	2,717.8	−0.008%	$281.2M	$174.1M	150x	as long as short