ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%

Price spread now: Bullet against StandX+0.156%7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on StandX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.156%, 7d avg −0.005%

Together, before fees−0.195%+ Points / potential airdropStandX: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.161% dearer against StandX than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of −0.005%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,767.1	0.0100	pay 0.0013% / 1h	21m 45s	$21.4M	$58.6M	40x
Short	Bullet ETH-USD	2,771.4	0.0045	get 0.0006% / 1h	21m 45s	$182K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$11.64
Price spread: +0.156% → −0.005%: $16.11
Slippage, 4 orders: −$5.22
Fee StandX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$16.76
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Bullet: live order book, 2 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, 2 min ago	1.08 bp	5.7 bp −$6	6.2 bp −$62	7.3 bp −$730	14.3 bp −$7,151
Sell Bullet live order book, 2 min ago	0.18 bp	4.8 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

ETH on 55 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	−0.0223%	43m	2,771.5	+0.159%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,769.6	+0.089%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.535%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.4	+0.083%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0039%	1h	2,768.4	+0.047%	$8.8M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.7	+0.130%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.9	+0.103%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,771.1	+0.145%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.4	+0.193%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0016%	8h	2,769	+0.069%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,769.1	+0.072%	$1.70B	$11.87B	100x	as long as short
Aftermath Perps ETHUSD	+0.0024%	1h	2,771.7	+0.165%	$29K	$22K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,772.3	+0.187%	$12.8M	—	200x	as long as short
Aster ETHUSDT	+0.0030%	8h	2,770.7	+0.130%	$255.7M	$1.00B	200x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,770.6	+0.126%	$55.2M	$229.0M	40x	as long as short
Phemex ETHUSDT	+0.0035%	8h	2,771.2	+0.149%	$270.3M	$68.9M	150x	as long as short
Bullet ETH-USDshort	+0.0045%	1h	2,771.4	+0.156%	$182K	$1.7M	20x
Aevo ETH-PERP	+0.0056%	1h	2,768.7	+0.057%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,769.1	+0.071%	$1.61B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,769.4	+0.083%	$6.45B	$17.31B	150x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,769.1	+0.072%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0069%	8h	2,769.2	+0.077%	$3.28B	$9.67B	200x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,769.3	+0.079%	$420.7M	$739.6M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,769.2	+0.076%	$2.50B	$4.63B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,772.4	+0.190%	$60.1M	$4.59B	50x	as long as short
Vest ETH-PERP	+0.0094%	1h	2,771.1	+0.144%	—	$1.1M	50x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,770.8	+0.134%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,769.9	+0.099%	$115.1M	$499.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.5	+0.157%	$25.3M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.7	+0.095%	—	$43.4M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,768.8	+0.062%	$15.9M	$10.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.4	+0.083%	$476K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.3	+0.153%	$14.3M	$118.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.8	+0.206%	$3.18B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.1	+0.108%	$31.2M	$312.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.5	+0.087%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.5	+0.122%	$2.7M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.9	+0.210%	$167.0M	$259.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	+0.150%	$15.1M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	+0.117%	$147.5M	$336.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.5	+0.049%	$181.7M	$783.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.2	+0.149%	$161.1M	$89.0M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,767.1	long leg	$21.4M	$58.6M	40x
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.9	+0.173%	$10.7M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.8	+0.169%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.8	+0.169%	$972K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.5	+0.231%	$42.7M	$29.4M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	+0.053%	$32.5M	$78.2M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0107%	1h	2,772.5	+0.194%	$259.0M	$222.4M	50x	as long as short
Kalshi KXETHPERP	+0.0113%	8h	2,770.9	+0.137%	$8.3M	$687.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,772	+0.176%	$88.8M	$337.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0141%	8h	2,773.9	+0.245%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,768.9	+0.066%	$287.2M	$194.3M	150x	as long as short
Reya ETHRUSDPERP	+0.0203%	1h	2,771.1	+0.145%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,768.9	+0.065%	$251K	$1.6M	20x	as long as short