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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:57 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.064%
Price spread now: StandX against Perpl+0.123%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PerplShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 7 days−0.127%−$13 · spread now +0.123%, 7d avg 0.000%
Together, before fees−0.142%+ Points / potential airdropPerpl: Active · StandX: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and StandX is 0.123% dearer against Perpl than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of 0.000%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,730.6−0.0112get 0.0010% / 43m19m 31s$291K$5.7M8.3x
ShortStandX ETH-USD2,7340.0100get 0.0013% / 1h56m 31s$21.0M$70.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Perpl. 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
$44.44
Price spread: +0.123% → 0.000%
$12.35
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee StandX: 4 bp × 2 orders
−$8
Net
$34.99
Costs to cover
0.218%
Break-even
1.5 days
Slippage unknown: Perpl: no order-book sample; StandX: live order book, 3 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 Perpl no order-book sample—————
Sell StandX live order book, 3 min ago1.83 bp5.9 bp −$67.9 bp −$7913.1 bp −$1,310doesn't fit
Perpl: 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
Perpl ETHlong−0.0112%43m2,730.6long leg$291K$5.7M8.3x
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.120%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.8+0.116%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.2+0.019%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.197%$817K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,731.4+0.029%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731+0.012%$260.2M$211.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,731.2+0.021%$32.9M—200xas long as short
HTX ETH-USDT+0.0009%8h2,730.2−0.016%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0034%8h2,730.1−0.020%—$1.12B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,729.5−0.040%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.5−0.005%$190K$891K50xas long as short
KuCoin ETHUSDTM+0.0079%8h2,729.6−0.036%$374.8M$576.5M100xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,734.4+0.138%$30K$20K20xas long as short
SoDEX ETH-USD+0.0091%1h2,730.3−0.012%$54.4M$187.5M40xas long as short
SunX ETH-USDT+0.0091%8h2,730.6−0.001%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,729.8−0.031%$252.6M$848.4M200xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,729.6−0.038%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,730.4−0.008%$112.2M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.039%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.1−0.093%$4.9M$150K20xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.142%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.023%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.6+0.184%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.9−0.025%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.4+0.065%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.9+0.010%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,729.9−0.027%$6.33B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5−0.005%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731+0.012%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.159%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.2−0.018%$3.28B$8.91B200xas long as short
MEXC ETH_USDT+0.0100%8h2,729.9−0.026%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,730.1−0.018%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.4−0.009%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.123%$134.8M$325.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.046%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.174%$159.1M$87.6M50xas long as short
StandX ETH-USDshort+0.0100%1h2,734+0.123%$21.0M$70.1M40x
Vest ETH-PERP+0.0100%1h2,731.8+0.042%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.3+0.025%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.9+0.010%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.4+0.028%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.2+0.056%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,730.8+0.006%$263.3M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,729.3−0.049%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.7+0.077%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.4+0.028%$50.3M$4.32B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,731.6+0.036%$6.8M$692.4M4.9xas long as short
RISEx ETH/USDC+0.0115%1h2,730.7+0.004%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,732.9+0.084%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,729.3−0.048%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.7+0.002%$83.4M$311.4M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,732.3+0.060%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,731.3+0.023%$281.7M$175.2M150xas long as short