Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against StandX−0.114%51s7-day average −0.033% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on StandX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.114%, 7d avg −0.033%

Together, before fees+0.030%+ Points / potential airdropStandX: Active · Ondo Perps: Active · farm board+$3 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: Ondo Perps is 0.081% cheaper against StandX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 51 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	2,718.7	0.0100	pay 0.0013% / 1h	27m 33s	$20.9M	$70.1M	40x
Short	Ondo Perps ETH-USD.P	2,715.6	0.0100	get 0.0013% / 1h	27m 33s	$2.7M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.033%: −$8.14
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.14
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	1.29 bp	6.4 bp −$6	7.4 bp −$74	8.4 bp −$842	17.0 bp −$8,516
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,717	−0.064%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,716.5	−0.081%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0012%	8h	2,715.8	−0.108%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,716.3	−0.087%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,719.7	+0.037%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,716.6	−0.078%	$31.3M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,719.1	+0.015%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0009%	1h	2,717.3	−0.052%	$10.7M	$42.0M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0030%	1h	2,717.2	−0.054%	$258.8M	$206.6M	50x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,716.1	−0.094%	—	$1.14B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0040%	1h	2,716.6	−0.077%	$189K	$799K	50x	as long as short
Bybit ETHUSDT	+0.0043%	8h	2,715.7	−0.112%	$2.34B	$4.40B	150x	as long as short
SunX ETH-USDT	+0.0067%	8h	2,716	−0.101%	$954K	$11.2M	100x	as long as short
Bullet ETH-USD	+0.0071%	1h	2,716	−0.100%	$179K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0075%	1h	2,720.3	+0.058%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0076%	8h	2,716.4	−0.083%	$374.3M	$577.6M	100x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,720.7	+0.074%	$8.6M	$31.4M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,716.1	−0.095%	$251.2M	$843.1M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,713.8	−0.180%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,716.3	−0.090%	$1.55B	$2.58B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,716.2	−0.090%	$6.29B	$16.06B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0094%	8h	2,715.8	−0.108%	$1.65B	$10.76B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,716.8	−0.068%	$111.5M	$433.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,717.9	−0.028%	$23.3M	$103.4M	50x	as long as short
Phemex ETHUSDT	+0.0098%	8h	2,716.8	−0.068%	$262.3M	$64.4M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,715.7	−0.110%	$496K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,718.5	−0.007%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,716.9	−0.068%	$13.8M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,718.4	−0.011%	$3.08B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,717.2	−0.055%	$31.9M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,715.6	−0.114%	$2.7M	$16.7M	25x
Arcus ETH-USD	+0.0100%	1h	2,716.5	−0.083%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,719	+0.010%	$161.7M	$327.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,716.4	−0.084%	$3.30B	$8.96B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,716.2	−0.093%	$2.07B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,716	−0.098%	$14.9M	$43.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.7	−0.072%	$132.7M	$328.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,719.8	+0.040%	$184.2M	$675.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,720.2	+0.053%	$158.3M	$87.0M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,718.7	long leg	$20.9M	$70.1M	40x
Vest ETH-PERP	+0.0100%	1h	2,718.7	0.000%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,717.8	−0.033%	$11.1M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,717	−0.064%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,717.6	−0.039%	$40.7M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,716	−0.099%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,715.4	−0.120%	$30.5M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,716.9	−0.067%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,717.3	−0.052%	$49.6M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,716.4	−0.086%	$5.5M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,718.1	−0.022%	$6.4M	$691.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,716.7	−0.073%	$82.6M	$315.6M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,718.6	−0.004%	$32.0M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0200%	1h	2,715.4	−0.123%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,721.9	+0.118%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0334%	8h	2,718.8	+0.005%	$280.7M	$173.9M	150x	as long as short