Settings8H · net · $10k
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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 01:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.014%
Price spread now: Phoenix against StandX−0.018%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Long on StandXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 7 days+0.108%+$11 · spread now −0.018%, 7d avg +0.076%
Together, before fees+0.098%+ Points / potential airdropStandX: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.095% cheaper against StandX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.076%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,748.90.0100pay 0.0013% / 1h2m 56s$21.3M$69.1M40x
ShortPhoenix ETH2,748.4−0.0006pay 0.0001% / 1h2m 56s$848K$3.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
−$22.22
Price spread: −0.018% → +0.076%
−$9.47
Slippage, 4 orders
−$3.08
Fee StandX: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$49.77
Costs to cover
0.181%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; Phoenix: live order book, 6 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 StandX live order book, 1 min ago0.91 bp5.3 bp −$55.9 bp −$597.2 bp −$72018.1 bp −$9,055
Sell Phoenix live order book, 6 min ago0.18 bp4.1 bp −$47.2 bp −$7217.1 bp −$1,710doesn'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%43m2,749+0.002%$311K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1+0.007%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.1+0.009%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.1−0.031%$12.1M—200xas long as short
Phoenix ETHshort−0.0006%1h2,748.4−0.018%$848K$3.1M25x
dYdX ETH-USD0.0000%1h2,749.4+0.018%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.7−0.008%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,749.7+0.029%$182K$988K50xas long as short
BingX ETH-USDT+0.0041%8h2,747.9−0.038%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0052%8h2,747.5−0.051%$1.70B$10.71B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,747.9−0.038%$369.2M$604.6M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.2−0.027%$253.2M$848.7M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.127%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,747.5−0.051%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0081%8h2,747.4−0.056%$1.59B$2.59B500xas long as short
HTX ETH-USDT+0.0081%8h2,748.6−0.013%$1.06B$1.18B200xas long as short
Binance ETHUSDT+0.0082%8h2,747.9−0.038%$6.39B$15.97B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.2+0.047%$58.8M$4.30B50xas long as short
Lighter ETH+0.0096%1h2,749.2+0.011%$113.1M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.037%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2−0.025%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,753.2+0.155%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.2−0.025%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.1+0.006%$14.0M$108.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.8+0.034%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,749.2+0.011%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748−0.035%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.4−0.018%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.5+0.023%$2.8M$16.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,748−0.033%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.6−0.048%$2.08B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3−0.059%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.100%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.132%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.066%$159.7M$82.2M50xas long as short
StandX ETH-USDlong+0.0100%1h2,748.9long leg$21.3M$69.1M40x
Vest ETH-PERP+0.0100%1h2,749.5+0.021%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.90.000%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.7−0.045%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.1+0.006%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.6+0.062%$41.7M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,748.1−0.030%$964K$12.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.7−0.007%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8−0.003%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.097%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.8−0.077%$30.6M$73.1M50xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,747.5−0.050%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0148%8h2,748.90.000%$7.9M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,750.4+0.053%$258.9M$197.6M50xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,751.4+0.092%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3−0.022%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,747.7−0.044%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,749.9+0.036%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.8+0.034%$88.2M$314.0M100xas long as short