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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0172%/8h= −18.8% APRnext payment $0.21 per $10,000 · paid last 24h −0.010%
Price spread now: 01 Exchange against StandX−0.054%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.290% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.053%−$5 on $10k
Price spread, last 4 days (all we have)−0.335%−$33 · spread now −0.054%, 7d avg −0.020%
Together, before fees−0.388%+ Points / potential airdropStandX: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.034% cheaper against StandX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,771.20.0100pay 0.0013% / 1h49m 02s$21.4M$57.5M40x
Short01 Exchange ETHUSD2,769.7−0.0072pay 0.0009% / 1h49m 02s$172K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$36.12
Price spread: −0.054% → −0.020%
−$3.4
Slippage, 4 orders
−$14
Fee StandX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$68.52
Costs to cover
0.290%
Break-even
never at this rate
Slippage from StandX: live order book, 5 min ago; 01 Exchange: live order book, just now.

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, 5 min ago1.26 bp5.6 bp −$66.5 bp −$658.0 bp −$79618.7 bp −$9,342
Sell 01 Exchange live order book, just now0.18 bp9.7 bp −$1012.4 bp −$124doesn't fitdoesn't fit

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
Perpl ETH−0.0447%43m2,769.8−0.049%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.069%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.018%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.9−0.047%$5K$2K50xas long as short
01 Exchange ETHUSDshort−0.0072%1h2,769.7−0.054%$172K$1.2M50x
Phoenix ETH−0.0023%1h2,776.7+0.198%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,769.8−0.051%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,769.4−0.064%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6−0.021%$22.4M200xas long as short
Phemex ETHUSDT+0.0021%8h2,769.8−0.052%$266.5M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769.9−0.047%$1.70B$11.89B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.5−0.025%$13.0M200xas long as short
Aevo ETH-PERP+0.0040%1h2,767.6−0.130%$5.0M$636K20xas long as short
Aftermath Perps ETHUSD+0.0040%1h2,774.1+0.104%$29K$22K20xas long as short
Aster ETHUSDT+0.0043%8h2,770.6−0.021%$255.8M$998.8M200xas long as short
MEXC ETH_USDT+0.0043%8h2,770−0.045%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,770.9−0.012%$6.44B$17.26B150xas long as short
Gate ETH_USDT+0.0056%8h2,770.5−0.027%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,770.5−0.026%$2.09B$3.14B150xas long as short
SoDEX ETH-USD+0.0075%1h2,769.8−0.051%$55.2M$228.6M40xas long as short
Bullet ETH-USD+0.0077%1h2,769.7−0.055%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.049%$141.1M$319.9Mas long as short
Lighter ETH+0.0096%1h2,770.3−0.032%$115.1M$508.6M50xas long as short
Lighter RH ETH+0.0096%1h2,771.8+0.020%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.3−0.067%$42.5M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,769.1−0.077%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.1−0.040%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.4−0.100%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.061%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,769.2−0.072%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.9−0.048%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.1−0.112%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.6+0.013%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.013%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770−0.044%$426.1M$745.1M100xas long as short
BingX ETH-USDT+0.0100%8h2,770.3−0.032%$1.19Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771−0.009%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.063%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.9−0.045%$161.1M$97.4M50xas long as short
StandX ETH-USDlong+0.0100%1h2,771.2long leg$21.4M$57.5M40x
Vest ETH-PERP+0.0100%1h2,770.5−0.024%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.20.000%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.1−0.038%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.3+0.038%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.3−0.106%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.9−0.084%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,769.3−0.069%$31.5M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.5+0.009%$60.0M$4.65B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,770.4−0.029%$8.6M$670.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,772.6+0.051%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,769.8−0.050%$286.5M$196.4M150xas long as short
Deribit ETH-PERPETUAL+0.0169%1h2,771.7+0.018%$259.0M$223.4M50xas long as short
Reya ETHRUSDPERP+0.0192%1h2,769.1−0.077%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771.3+0.005%$88.4M$330.6M100xas long as short
Hibachi ETH/USDT-P+0.0376%1h2,771.8+0.020%$273K$1.5M20xas long as short