ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.018%

Price spread now: StandX against Phoenix0.000%57s7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.191% of the position

Long on Phoenix Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.092%−$9 · spread now 0.000%, 7d avg −0.075%

Together, before fees−0.074%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.075% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 57 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	Phoenix ETH	2,733.7	−0.0009	get 0.0001% / 1h	11m 49s	$819K	$3.0M	25x
Short	StandX ETH-USD	2,733.7	0.0100	get 0.0013% / 1h	11m 49s	$21.0M	$70.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Phoenix. 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 PhoenixbpFee StandXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $22.85
Price spread: 0.000% → −0.075%: $7.47
Slippage, 4 orders: −$4.12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: $11.19
Costs to cover: 0.191%
Break-even: 3.6 days

Slippage from Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 2 min ago	0.18 bp	4.3 bp −$4	8.4 bp −$84	22.0 bp −$2,195	doesn't fit
Sell StandX live order book, 2 min ago	1.46 bp	5.5 bp −$5	7.1 bp −$71	11.4 bp −$1,145	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	−0.0447%	43m	2,735.7	+0.072%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,734.4	+0.026%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,736.3	+0.096%	$12.0M	—	200x	as long as short
Phoenix ETHlong	−0.0009%	1h	2,733.7	long leg	$819K	$3.0M	25x
HTX ETH-USDT	+0.0005%	8h	2,736.1	+0.088%	$1.05B	$1.22B	200x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,735.4	+0.061%	$10.5M	$42.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,736.6	+0.104%	$33.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.8	−0.106%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0036%	8h	2,736.6	+0.107%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,736.7	+0.110%	$191K	$858K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0044%	8h	2,736.4	+0.098%	$2.36B	$4.41B	150x	as long as short
Aftermath Perps ETHUSD	+0.0079%	1h	2,731.8	−0.068%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,736.5	+0.103%	$375.9M	$578.0M	100x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,736.1	+0.089%	$182K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0087%	8h	2,735.6	+0.068%	$959K	$11.1M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0090%	1h	2,737.7	+0.145%	$259.3M	$207.8M	50x	as long as short
Phemex ETHUSDT	+0.0091%	8h	2,736.6	+0.106%	$263.9M	$65.0M	150x	as long as short
Aster ETHUSDT	+0.0093%	8h	2,736.2	+0.093%	$252.7M	$846.9M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,737.2	+0.127%	$113.1M	$437.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,738.3	+0.168%	$23.6M	$104.1M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,734	+0.011%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,736.7	+0.109%	$1.53B	$2.61B	500x	as long as short
OKX ETH-USDT-SWAP	+0.0098%	8h	2,736.2	+0.091%	$1.66B	$10.92B	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,735.5	+0.066%	$507K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,740	+0.231%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,736.3	+0.095%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,739	+0.194%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,737	+0.119%	$32.0M	$333.8M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,736.7	+0.109%	$6.35B	$16.14B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,735.6	+0.070%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,736.8	+0.112%	$1.5M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,736.5	+0.102%	$3.28B	$9.06B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,736.6	+0.106%	$2.09B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,735.9	+0.080%	$15.0M	$42.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.7	−0.074%	$134.3M	$327.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.9	−0.065%	$185.1M	$680.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,733	−0.027%	$158.9M	$87.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,732.2	−0.057%	$8.7M	$31.5M	100x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,733.7	0.000%	$21.0M	$70.0M	40x
Vest ETH-PERP	+0.0100%	1h	2,737.5	+0.139%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,737.8	+0.150%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,736.4	+0.100%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,737.9	+0.155%	$41.0M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,736.5	+0.102%	$54.5M	$187.7M	40x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,735.9	+0.081%	$162.8M	$321.5M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,735.9	+0.082%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,736.6	+0.106%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,737.9	+0.154%	$49.8M	$4.33B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,736.7	+0.108%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	2,736.5	+0.102%	$6.9M	$691.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0175%	1h	2,737.2	+0.130%	$83.3M	$311.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,738.8	+0.185%	$32.2M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,735.9	+0.081%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,735.2	+0.055%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0396%	8h	2,735.1	+0.050%	$281.4M	$175.1M	150x	as long as short