Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against StandX−0.023%52s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.167% of the position

Long on StandX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.023%, 7d avg +0.008%

Together, before fees+0.046%+ Points / potential airdropStandX: Active · farm board+$5 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: Arcus is 0.031% cheaper against StandX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,748.9	0.0100	pay 0.0013% / 1h	2m 44s	$21.3M	$69.1M	40x
Short	Arcus ETH-USD	2,748.3	0.0100	get 0.0013% / 1h	2m 44s	$2.8M	$16.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against StandX. 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

Position, each leg$Hold fordaysFee StandXbpFee ArcusbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.008%: −$3.12
Slippage, 4 orders: −$4.24
Fee StandX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.85
Costs to cover: 0.167%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Arcus: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 1 min ago	0.91 bp	5.3 bp −$5	5.9 bp −$59	7.2 bp −$720	18.1 bp −$9,055
Sell Arcus live order book, 6 min ago	0.02 bp	2.3 bp −$2	2.3 bp −$23	4.1 bp −$413	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,749	+0.002%	$311K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.1	+0.007%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,748.1	−0.028%	$5.7M	$11.2M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.1	−0.031%	$12.1M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,748.4	−0.018%	$848K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.7	−0.043%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,748.7	−0.008%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,749.7	+0.029%	$182K	$988K	50x	as long as short
BingX ETH-USDT	+0.0041%	8h	2,747.5	−0.051%	—	$1.16B	—	as long as short
OKX ETH-USDT-SWAP	+0.0052%	8h	2,747.2	−0.061%	$1.70B	$10.69B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0066%	8h	2,747.7	−0.043%	$369.4M	$604.6M	100x	as long as short
Aster ETHUSDT	+0.0073%	8h	2,747.9	−0.037%	$253.1M	$846.4M	200x	as long as short
ApeX Omni ETHUSDT	+0.0077%	1h	2,745.4	−0.127%	$8.7M	$31.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,747.5	−0.051%	$4.9M	$167K	20x	as long as short
HTX ETH-USDT	+0.0081%	8h	2,748.6	−0.013%	$1.06B	$1.18B	200x	as long as short
MEXC ETH_USDT	+0.0082%	8h	2,746.9	−0.072%	$1.59B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0083%	8h	2,747.1	−0.067%	$6.39B	$15.97B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,750.2	+0.047%	$58.8M	$4.30B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,747.6	−0.046%	$113.0M	$445.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,748.6	−0.010%	$24.7M	$108.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,748.2	−0.025%	—	$31.0M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,751.8	+0.105%	$16.2M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,747.2	−0.062%	$477K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,749.1	+0.006%	$14.0M	$108.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,749.8	+0.034%	$3.13B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,747.7	−0.044%	$31.7M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,747.4	−0.054%	$2.47B	$4.24B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,746.9	−0.073%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,748.3	−0.023%	$2.8M	$16.0M	25x
Gate ETH_USDT	+0.0100%	8h	2,747.4	−0.055%	$3.40B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,747.3	−0.057%	$2.08B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,747.3	−0.059%	$15.0M	$41.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.2	−0.100%	$132.8M	$343.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,745.3	−0.132%	$181.9M	$700.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,747.1	−0.066%	$159.7M	$82.2M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,748.9	long leg	$21.3M	$69.1M	40x
Vest ETH-PERP	+0.0100%	1h	2,749.5	+0.021%	—	$849K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.9	0.000%	$10.7M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,747.7	−0.045%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,749.1	+0.006%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,750.6	+0.062%	$41.7M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.1	−0.030%	$964K	$12.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,748.7	−0.007%	$54.7M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,748.8	−0.003%	$267.7M	$65.8M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.2	−0.097%	$164.3M	$302.6M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,746.8	−0.077%	$30.6M	$73.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0105%	1h	2,747.5	−0.050%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,748.9	0.000%	$7.9M	$672.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0168%	1h	2,750.4	+0.053%	$258.9M	$197.6M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0180%	8h	2,751.4	+0.092%	$32.3M	$11.0M	100x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,748.3	−0.022%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0223%	1h	2,747.7	−0.044%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,749.9	+0.036%	$250K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,749.8	+0.034%	$88.2M	$314.0M	100x	as long as short