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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: StandX against gTrade (Gains Network)+0.087%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.097%+$10 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.087%, 7d avg +0.014%
Together, before fees−0.012%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.074% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,724.4L +0.0007% / S −0.0006%pay 0.0001% / 1h37m 00s$32.9M200x
ShortStandX ETH-USD2,726.80.0100get 0.0013% / 1h37m 00s$21.0M$70.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against gTrade (Gains Network). 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
$19.62
Price spread: +0.087% → +0.014%
$7.38
Slippage, 4 orders
−$4.35
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
$7.65
Costs to cover
0.194%
Break-even
4.3 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; StandX: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$4998.9 bp −$4,444
Sell StandX live order book, 2 min ago1.10 bp5.8 bp −$67.5 bp −$7510.9 bp −$1,089doesn'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
BloFin ETH-USDT−0.0183%8h2,723.9−0.019%$280.3M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726+0.058%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,732.8+0.308%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.4−0.002%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,725+0.022%$10.5M$42.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.5+0.040%$6.4M$681.9M4.9xas long as short
Perpl ETH0.0000%43m2,725.6+0.042%$285K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724.9+0.019%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,724.4long leg$32.9M200x
BingX ETH-USDT+0.0018%8h2,724.4−0.001%$1.09Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,723.9−0.018%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0027%8h2,723.8−0.021%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.9+0.018%$191K$890K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,726.3+0.069%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0052%1h2,731+0.241%$8.5M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,724.3−0.003%$82.0M$309.7M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,727.1+0.099%$240K$1.4M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,725.2+0.030%$383.4M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,724−0.015%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0078%8h2,724.2−0.007%$252.3M$849.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,720.5−0.145%$4.9M$185K20xas long as short
SoDEX ETH-USD+0.0088%1h2,724−0.015%$54.2M$187.2M40xas long as short
Binance ETHUSDT+0.0091%8h2,724.5+0.004%$6.30B$16.17B150xas long as short
MEXC ETH_USDT+0.0092%8h2,724.7+0.009%$1.55B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,724.3−0.003%$112.2M$430.4M50xas long as short
Lighter RH ETH+0.0096%1h2,725.9+0.053%$23.4M$102.1M50xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,729.2+0.176%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.5+0.003%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.9+0.164%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,724.5+0.002%$14.0M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.8+0.087%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.1+0.063%$31.9M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.5+0.003%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.8+0.050%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.067%$163.3M$356.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.2+0.028%$3.31B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.2+0.028%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.1+0.026%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,729.4+0.183%$133.9M$317.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,726.4+0.073%$185.4M$681.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.6+0.118%$158.6M$82.0M50xas long as short
StandX ETH-USDshort+0.0100%1h2,726.8+0.087%$21.0M$70.7M40x
Vest ETH-PERP+0.0100%1h2,726.4+0.073%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.6+0.043%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,724.2−0.008%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,724.6+0.005%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,726.8+0.089%$40.8M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.4−0.039%$956K$10.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,724.5+0.004%$262.7M$64.5M150xas long as short
Extended ETH-USD+0.0104%1h2,724.3−0.004%$30.4M$72.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.8+0.014%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.5+0.038%$46.6M$4.29B50xas long as short
RISEx ETH/USDC+0.0114%1h2,725.2+0.030%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0182%1h2,723.3−0.039%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,726.5+0.076%$32.1M$11.2M100xas long as short