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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.003%
Price spread now: StandX against RISEx+0.055%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.187% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.055%, 7d avg +0.011%
Together, before fees−0.073%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and StandX is 0.044% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,747.1−0.0071get 0.0009% / 1h15m 15s$5.7M$11.4M25x
ShortStandX ETH-USD2,748.60.0100get 0.0013% / 1h15m 15s$21.3M$69.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against RISEx. 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
$35.94
Price spread: +0.055% → +0.011%
$4.4
Slippage, 4 orders
−$4.69
Fee RISEx: 3 bp × 2 orders
−$6
Fee StandX: 4 bp × 2 orders
−$8
Net
$21.65
Costs to cover
0.187%
Break-even
2.8 days
Slippage from RISEx: live order book, 4 min ago; StandX: live order book, 4 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 RISEx live order book, 4 min ago0.02 bp4.0 bp −$44.4 bp −$44285.3 bp −$28.5Kdoesn't fit
Sell StandX live order book, 4 min ago1.27 bp5.3 bp −$58.8 bp −$8814.6 bp −$1,462doesn't fit

ETH on 54 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−0.0112%43m2,747.2+0.005%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.9−0.007%$5K$1K50xas long as short
RISEx ETH/USDClong−0.0071%1h2,747.1long leg$5.7M$11.4M25x
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.5+0.016%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,749+0.070%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,747−0.003%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.6+0.017%$22.2M200xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.5+0.015%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,747.8+0.024%$8.7M$31.4M100xas long as short
BingX ETH-USDT+0.0038%8h2,747.4+0.012%$1.17Bas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0050%8h2,747.5+0.015%$1.69B$10.95B100xas long as short
HTX ETH-USDT+0.0062%8h2,747.1−0.001%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,747−0.005%$371.8M$610.1M100xas long as short
Aster ETHUSDT+0.0069%8h2,747.3+0.008%$253.7M$858.5M200xas long as short
MEXC ETH_USDT+0.0080%8h2,747.5+0.013%$1.57B$2.57B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.5−0.095%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0080%8h2,747.5+0.013%$6.38B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.4+0.046%$58.9M$4.34B50xas long as short
Lighter ETH+0.0096%1h2,747.8+0.027%$113.1M$444.2M50xas long as short
Lighter RH ETH+0.0096%1h2,749.1+0.074%$24.8M$107.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.1−0.001%$35.6M500xas long as short
Bitget ETHUSDT+0.0096%8h2,747.5+0.016%$2.08B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,748.9+0.065%$30K$20K20xas long as short
Bullet ETH-USD+0.0099%1h2,747−0.002%$183K$1.7M20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.2+0.149%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.6−0.018%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.6−0.020%$14.0M$112.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.4+0.084%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,747.2+0.004%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.4+0.012%$2.46B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.5−0.021%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.4+0.012%$2.8M$16.5M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.5+0.016%$3.39B$8.92B200xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3+0.007%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.10.000%$133.1M$345.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.3−0.027%$181.6M$704.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6+0.020%$159.8M$82.9M50xas long as short
StandX ETH-USDshort+0.0100%1h2,748.6+0.055%$21.3M$69.0M40x
Vest ETH-PERP+0.0100%1h2,748.2+0.039%$868K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.019%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.2+0.003%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,749+0.069%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,746−0.042%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.3+0.008%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.5+0.013%$267.3M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.021%$164.0M$301.0M25xas long as short
Extended ETH-USD+0.0104%1h2,746.6−0.018%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0145%8h2,747.6+0.019%$7.7M$673.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0165%1h2,748.7+0.059%$258.5M$199.7M50xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,749.6+0.092%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,749.1+0.074%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5−0.021%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0221%1h2,746.9−0.006%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.2+0.041%$89.1M$316.7M100xas long as short