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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.027%
Price spread now: StandX against GMX−0.033%7-day average −0.019% · you buy dearer than you sell
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 3 days (all we have)−0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.033%, 7d avg −0.019%
Together, before fees−0.031%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,771.2L +0.0025% / S +0.0009%pay 0.0003% / 1h29m 10s$12.7M200x
ShortStandX ETH-USD2,770.30.0100get 0.0013% / 1h29m 10s$21.4M$63.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against GMX. 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
$15.73
Price spread: −0.033% → −0.019%
−$1.42
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$5.69
Costs to cover
0.200%
Break-even
9.5 days
Slippage unknown: GMX: no order-book sample; StandX: live order book, 5 min ago. 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 GMX no order-book sample
Sell StandX live order book, 5 min ago1.26 bp5.3 bp −$55.8 bp −$589.5 bp −$946doesn't fit
GMX: 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
Injective ETH/USDC PERP−0.0752%1h2,772.9+0.061%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.3−0.034%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,770−0.044%$320K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.2−0.037%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.2−0.037%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.1−0.004%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770.4−0.029%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.5+0.009%$22.4M200xas long as short
Phemex ETHUSDT+0.0021%8h2,770.5−0.025%$269.6M$67.5M150xas long as short
Bullet ETH-USD+0.0022%1h2,770.5−0.026%$184K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0025%8h2,770.8−0.016%$1.71B$11.18B100xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0025% / S +0.0009%1h2,771.2long leg$12.7M200x
SoDEX ETH-USD+0.0034%1h2,770.7−0.018%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0041%8h2,770.7−0.019%$256.6M$886.2M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.5−0.025%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,770.5−0.025%$6.48B$16.34B150xas long as short
Aevo ETH-PERP+0.0056%1h2,768.2−0.107%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0067%1h2,771.6+0.012%$31K$21K20xas long as short
Gate ETH_USDT+0.0070%8h2,770.8−0.014%$3.36B$9.00B200xas long as short
Bitget ETHUSDT+0.0072%8h2,771.3+0.002%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.023%$60.4M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,770.8−0.015%$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.2−0.035%$420.2M$628.7M100xas long as short
HTX ETH-USDT+0.0092%8h2,770.9−0.012%$1.08B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,771.2−0.001%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.043%$25.7M$111.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.7+0.019%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.037%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.6+0.014%$14.7M$114.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,773+0.065%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.7−0.017%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.8−0.013%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8−0.051%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,771−0.008%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.050%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,770.8−0.013%$1.21Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772+0.030%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.6−0.023%$140.2M$345.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,770.3−0.033%$181.9M$787.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.011%$161.1M$84.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771−0.008%$8.7M$32.2M100xas long as short
StandX ETH-USDshort+0.0100%1h2,770.3−0.033%$21.4M$63.7M40x
Polymarket Perps ETH-USD+0.0100%1h2,770.4−0.029%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.010%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,773+0.064%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.2−0.071%$971K$13.2M100xas long as short
Extended ETH-USD+0.0104%1h2,770.3−0.033%$31.0M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.2+0.001%$36.9M500xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.5+0.045%$259.1M$206.9M50xas long as short
Kalshi KXETHPERP+0.0111%8h2,771.9+0.025%$8.0M$681.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,772.1+0.031%$96.0M$319.5M100xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,773.7+0.091%$32.7M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771−0.008%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,771.3+0.002%$287.7M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,770.5−0.024%$7.3M$1.2M25xas long as short