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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.024%
Price spread now: Reya against StandX+0.146%7-day average −0.047% · 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)+0.045%+$5 on $10k
Price spread, last 7 days−0.174%−$17 · spread now +0.146%, 7d avg −0.047%
Together, before fees−0.129%+ Points / potential airdropStandX: Active · Reya: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.193% dearer against StandX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,728.60.0100pay 0.0013% / 1h22m 55s$20.9M$70.9M40x
ShortReya ETHRUSDPERP2,732.60.0170get 0.0021% / 1h22m 55s$7.3M$961K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$14.79
Price spread: +0.146% → −0.047%
$19.3
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$20.09
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: StandX: live order book, 1 min ago; Reya: 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, 1 min ago1.10 bp5.1 bp −$55.1 bp −$516.4 bp −$64214.2 bp −$7,081
Sell Reya no order-book sample
Reya: 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 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
BloFin ETH-USDT−0.0154%8h2,735+0.235%$282.6M$176.7M150xas long as short
Perpl ETH−0.0112%43m2,734+0.196%$275K$5.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731+0.088%$5K$1K50xas long as short
Bybit ETHUSDT−0.0066%8h2,736.4+0.285%$2.32B$4.25B150xas long as short
HTX ETH-USDT−0.0064%8h2,734.9+0.232%$1.05B$1.19B200xas long as short
Phemex ETHUSDT−0.0048%8h2,734.3+0.209%$263.3M$62.5M150xas long as short
SunX ETH-USDT−0.0019%8h2,734.4+0.211%$942K$10.4M100xas long as short
ApeX Omni ETHUSDT−0.0015%1h2,724.3−0.159%$8.3M$31.0M100xas long as short
Phoenix ETH−0.0012%1h2,724.7−0.143%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.8+0.227%$11.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD0.0000%1h2,726.6−0.072%$10.6M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.8+0.154%$6.6M$667.3M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,734.6+0.219%$33.0M200xas long as short
Hibachi ETH/USDT-P+0.0016%1h2,729.5+0.032%$237K$1.4M20xas long as short
01 Exchange ETHUSD+0.0024%1h2,732.5+0.143%$195K$882K50xas long as short
Deribit ETH-PERPETUAL+0.0032%1h2,736+0.273%$266.0M$220.3M50xas long as short
SoDEX ETH-USD+0.0048%1h2,735+0.235%$54.5M$182.3M40xas long as short
Gate ETH_USDT+0.0051%8h2,734.1+0.200%$3.28B$8.31B200xas long as short
Aster ETHUSDT+0.0067%8h2,735.2+0.240%$253.2M$836.2M200xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,736.5+0.288%$1.66B$10.52B100xas long as short
MEXC ETH_USDT+0.0076%8h2,734.1+0.202%$1.57B$2.58B500xas long as short
Binance ETHUSDT+0.0077%8h2,735.4+0.249%$6.33B$15.84B150xas long as short
Aevo ETH-PERP+0.0080%1h2,733.6+0.185%$4.9M$190K20xas long as short
Bullet ETH-USD+0.0082%1h2,734.2+0.204%$177K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0083%8h2,734.2+0.205%$383.5M$559.6M100xas long as short
Lighter ETH+0.0096%1h2,735.4+0.250%$112.8M$403.3M50xas long as short
Lighter RH ETH+0.0096%1h2,736.3+0.284%$23.7M$96.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,732.4+0.140%$30.3M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.9+0.121%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.2+0.241%$15.3M$6.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.3+0.134%$14.2M$100.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.6+0.366%$3.12B$1.95B25xas long as short
Pacifica ETH+0.0100%1h2,733+0.160%$32.0M$331.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.3+0.026%$2.7M$16.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.147%$1.6M$15.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,720.7−0.291%$164.6M$337.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,736.8+0.300%$2.12B$2.68B150xas long as short
BingX ETH-USDC+0.0100%8h2,733.7+0.187%$18.6Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.3+0.210%$15.1M$38.7M50xas long as short
Variational Omni ETH+0.0100%8h2,722.3−0.232%$131.5M$313.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.4−0.155%$185.4M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725−0.131%$158.5M$81.3M50xas long as short
StandX ETH-USDlong+0.0100%1h2,728.6long leg$20.9M$70.9M40x
Vest ETH-PERP+0.0100%1h2,733.7+0.185%$436K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.4+0.176%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,724.3−0.157%$40.5M$29.1M15xas long as short
Extended ETH-USD+0.0104%1h2,733.1+0.163%$30.1M$70.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,735.9+0.266%$82.1M$307.6M100xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,727.6−0.036%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.5+0.288%$45.9M$4.19B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.9+0.157%$5.6M$11.4M25xas long as short
Reya ETHRUSDPERPshort+0.0170%1h2,732.6+0.146%$7.3M$961K25x
Orderly PERP_ETH_USDC+0.0181%8h2,736.9+0.303%$32.3M$10.8M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,732.5+0.143%$117K$22.1M52xas long as short
Bluefin ETH-PERP+0.1166%1h2,734.7+0.222%$20K$23K25xas long as short