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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.019%
Price spread now: StandX against OKX+0.105%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 7 days−0.116%−$12 · spread now +0.105%, 7d avg +0.022%
Together, before fees−0.020%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and StandX is 0.082% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,744.10.0054pay 0.0054% / 8h5h 57m$1.70B$10.59B100x
ShortStandX ETH-USD2,7470.0100get 0.0013% / 1h57m 08s$21.2M$69.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against OKX. 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
$9.62
Price spread: +0.105% → +0.022%
$8.22
Slippage, 4 orders
−$3.06
Fee OKX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$3.23
Costs to cover
0.211%
Break-even
9.3 days
Slippage from OKX: live order book, 2 min ago; StandX: live order book, 2 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 OKX live order book, 2 min ago0.02 bp5.5 bp −$66.5 bp −$657.2 bp −$7197.9 bp −$3,974
Sell StandX live order book, 2 min ago0.73 bp4.7 bp −$57.6 bp −$7611.0 bp −$1,099doesn'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%43m2,743.8−0.012%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.134%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.6−0.056%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.2−0.034%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.156%$847K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1−0.002%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2−0.035%$22.2M200xas long as short
BingX ETH-USDC+0.0042%8h2,743.7−0.017%$18.5Mas long as short
01 Exchange ETHUSD+0.0048%1h2,743.4−0.027%$183K$981K50xas long as short
OKX ETH-USDT-SWAPlong+0.0054%8h2,744.1long leg$1.70B$10.59B100x
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0065%8h2,742.5−0.059%$368.6M$598.7M100xas long as short
Aster ETHUSDT+0.0073%8h2,743.9−0.010%$252.3M$841.3M200xas long as short
RISEx ETH/USDC+0.0077%1h2,743.3−0.029%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,740.5−0.131%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0083%8h2,744.1−0.001%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0083%8h2,743−0.042%$6.38B$15.75B150xas long as short
Bullet ETH-USD+0.0085%1h2,742.8−0.047%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0086%8h2,743.1−0.036%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,743.2−0.034%$112.8M$430.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.044%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.6+0.054%$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.9−0.007%$58.6M$4.27B50xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,747.1+0.109%$8.7M$31.1M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.086%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.8−0.048%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.7−0.017%$13.9M$106.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.6+0.055%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5−0.025%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.3+0.005%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.6−0.056%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.4−0.025%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.3+0.007%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.3+0.007%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.4−0.026%$15.0M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.090%$133.0M$342.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.099%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.3+0.116%$159.7M$81.7M50xas long as short
StandX ETH-USDshort+0.0100%1h2,747+0.105%$21.2M$69.0M40x
Vest ETH-PERP+0.0100%1h2,744.2+0.002%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.2−0.034%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.3−0.031%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,744.7+0.019%$41.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.1−0.074%$961K$11.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.7−0.052%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.7−0.014%$267.1M$65.2M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.077%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,742.1−0.074%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,746.7+0.094%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,743.9−0.009%$258.9M$195.6M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,744−0.005%$7.9M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,745.4+0.046%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743.3−0.030%$88.0M$309.4M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,742.5−0.061%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.5+0.086%$250K$1.4M20xas long as short