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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Extended+0.035%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.170% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.035%, 7d avg +0.067%
Together, before fees−0.013%+ Points / potential airdropExtended: Active · StandX: Active · farm board−$1 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: StandX is 0.031% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,769.50.0104pay 0.0013% / 1h33m 00s$30.9M$74.9M50x
ShortStandX ETH-USD2,770.50.0100get 0.0013% / 1h33m 00s$21.4M$62.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Extended. 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
−$0.84
Price spread: +0.035% → +0.067%
−$3.14
Slippage, 4 orders
−$3.97
Fee Extended: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
−$20.96
Costs to cover
0.170%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; StandX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 6 min ago0.18 bp2.7 bp −$32.7 bp −$273.9 bp −$39010.8 bp −$5,377
Sell StandX live order book, 1 min ago1.26 bp5.3 bp −$55.8 bp −$589.5 bp −$946doesn'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
Injective ETH/USDC PERP−0.0752%1h2,772.9+0.122%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,771+0.055%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.8+0.009%$320K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772+0.089%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.8+0.046%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.071%$876K$3.7M25xas long as short
Phemex ETHUSDT−0.0002%8h2,769.8+0.009%$269.6M$67.4M150xas long as short
dYdX ETH-USD0.0000%1h2,771+0.053%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.7+0.043%$22.4M200xas long as short
Bullet ETH-USD+0.0024%1h2,770+0.018%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0024%8h2,769.7+0.007%$1.71B$11.20B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,770.5+0.037%$12.7M200xas long as short
SoDEX ETH-USD+0.0036%1h2,770+0.017%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0039%8h2,770.5+0.034%$256.7M$885.8M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.2+0.023%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,770.3+0.029%$6.47B$16.36B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.6−0.071%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0064%1h2,772.1+0.093%$31K$23K20xas long as short
HTX ETH-USDT+0.0068%8h2,770.4+0.033%$1.08B$1.26B200xas long as short
Bitget ETHUSDT+0.0071%8h2,769.8+0.011%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.4+0.068%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.3+0.028%$419.9M$632.0M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.9+0.050%$876K50xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,771.6+0.073%$259.1M$207.2M50xas long as short
Gate ETH_USDT+0.0094%8h2,770.5+0.035%$3.35B$8.98B200xas long as short
Lighter ETH+0.0096%1h2,770.6+0.038%$115.2M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,771.9+0.085%$25.8M$111.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.3+0.099%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.7+0.043%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.7+0.041%$14.7M$114.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.8+0.118%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,771.7+0.079%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.9+0.049%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.7+0.043%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.2+0.098%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8+0.011%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,769.9+0.014%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.045%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.099%$142.1M$343.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,769.9+0.013%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6+0.001%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.093%$8.7M$32.2M100xas long as short
StandX ETH-USDshort+0.0100%1h2,770.5+0.035%$21.4M$62.1M40x
Polymarket Perps ETH-USD+0.0100%1h2,770.9+0.050%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.046%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.1+0.092%$42.6M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.9+0.013%$971K$13.3M100xas long as short
Extended ETH-USDlong+0.0104%1h2,769.5long leg$30.9M$74.9M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.2+0.059%$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.6+0.075%$8.0M$682.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.5+0.071%$93.3M$316.5M100xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,772.8+0.120%$32.6M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771.6+0.075%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0174%8h2,769.9+0.014%$287.9M$184.6M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,770.5+0.034%$7.3M$1.2M25xas long as short