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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: StandX against Katana Perps+0.007%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 7 days+0.025%+$3 · spread now +0.007%, 7d avg +0.056%
Together, before fees+0.028%+ Points / potential airdropStandX: 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: StandX is 0.048% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,741.40.0100pay 0.0100% / 8h5h 07m$512K$3.4M50x
ShortStandX ETH-USD2,741.60.0100get 0.0013% / 1h7m 12s$21.1M$74.8M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Katana Perps. 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
$0.04
Price spread: +0.007% → +0.056%
−$4.84
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$16.6
Costs to cover
0.118%
Break-even
2641.9 days
Slippage unknown: Katana Perps: no order-book sample; StandX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell StandX live order book, 5 min ago0.91 bp6.0 bp −$68.1 bp −$8111.7 bp −$1,171doesn't fit
Katana 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.310%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,740.9−0.020%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,740.4−0.037%$12.2M200xas long as short
Phoenix ETH−0.0009%1h2,741.3−0.004%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,741.8+0.015%$7.2M$655.0M4.9xas long as short
Perpl ETH0.0000%43m2,741.6+0.007%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,741.9+0.017%$33.1M200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,739.9−0.054%$8.2M$25.1M100xas long as short
Bybit ETHUSDT+0.0035%8h2,742.5+0.039%$2.36B$3.78B150xas long as short
01 Exchange ETHUSD+0.0056%1h2,742.2+0.029%$182K$909K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,742.3+0.034%$1.67B$9.09B100xas long as short
Aevo ETH-PERP+0.0088%1h2,739.8−0.057%$4.9M$244K20xas long as short
Aster ETHUSDT+0.0089%8h2,742.3+0.033%$255.9M$714.0M200xas long as short
MEXC ETH_USDT+0.0090%8h2,742.5+0.040%$1.59B$2.38B500xas long as short
KuCoin ETHUSDTM+0.0090%8h2,742+0.021%$365.0M$435.3M100xas long as short
Binance ETHUSDT+0.0091%8h2,742.4+0.038%$6.41B$13.83B150xas long as short
dYdX ETH-USD+0.0094%1h2,741.1−0.013%$15.2M$42.5M50xas long as short
Lighter ETH+0.0096%1h2,742.6+0.043%$113.8M$390.9M50xas long as short
Lighter RH ETH+0.0096%1h2,743.8+0.086%$23.6M$96.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.4+0.035%$23.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.3+0.105%$47.7M$3.88B50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,741.4long leg$512K$3.4M50x
Nado ETH-PERP+0.0100%1h2,742+0.022%$14.9M$94.0M50xas long as short
Pacifica ETH+0.0100%1h2,742.7+0.049%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.036%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.2+0.065%$1.5M$14.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,741−0.016%$163.6M$316.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.7+0.047%$3.27B$7.80B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.3+0.034%$2.11B$2.28B150xas long as short
BingX ETH-USDT+0.0100%8h2,742.5+0.039%$947.8Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.8−0.021%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,739.5−0.071%$132.3M$277.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,739.6−0.065%$184.4M$560.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6−0.031%$159.3M$69.5M50xas long as short
StandX ETH-USDshort+0.0100%1h2,741.6+0.007%$21.1M$74.8M40x
Vest ETH-PERP+0.0100%1h2,743.2+0.066%$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.6+0.080%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,742.5+0.039%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,742.1+0.024%$20K$12K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.9+0.055%$40.9M$26.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.9+0.017%$944K$8.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.4+0.036%$61.8M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,742+0.022%$1.05B$1.00B200xas long as short
Phemex ETHUSDT+0.0100%8h2,742.6+0.045%$263.1M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,741.40.000%$30.1M$63.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,742.9+0.054%$82.7M$268.2M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,741.3−0.005%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0122%1h2,743.4+0.074%$267.1M$182.3M50xas long as short
Reya ETHRUSDPERP+0.0148%1h2,740.6−0.029%$7.3M$854K25xas long as short
Hyperliquid ETH+0.0169%1h2,744.8+0.124%$3.15B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,744.9+0.129%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,743.1+0.061%$5.7M$10.4M25xas long as short
BloFin ETH-USDT+0.0362%8h2,742.2+0.030%$284.9M$147.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,745.8+0.161%$118K$27.2M52xas long as short
Paradex ETH-USD-PERP+0.0511%8h2,744.6+0.117%$15.8M$6.2M50xas long as short