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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment $0.02 per $10,000 · paid last 24h +0.007%
Price spread now: StandX against RISEx−0.011%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.172% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.011%, 7d avg +0.011%
Together, before fees−0.007%+ Points / potential airdropStandX: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and StandX is 0.022% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,729.40.0114pay 0.0014% / 1h51m 52s$5.6M$11.7M25x
ShortStandX ETH-USD2,729.10.0100get 0.0013% / 1h51m 52s$21.0M$70.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against RISEx. 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
−$2.85
Price spread: −0.011% → +0.011%
−$2.23
Slippage, 4 orders
−$3.24
Fee RISEx: 3 bp × 2 orders
−$6
Fee StandX: 4 bp × 2 orders
−$8
Net
−$22.32
Costs to cover
0.172%
Break-even
never at this rate
Slippage from RISEx: 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 RISEx live order book, 2 min ago0.02 bp3.7 bp −$45.1 bp −$51285.1 bp −$28.5Kdoesn't fit
Sell StandX live order book, 2 min ago1.10 bp5.4 bp −$57.2 bp −$7214.4 bp −$1,443doesn't fit

ETH on 55 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
ApeX Omni ETHUSDT−0.0132%1h2,727.7−0.062%$8.6M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.3−0.003%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730+0.022%$812K$3.0M25xas long as short
BloFin ETH-USDT−0.0011%8h2,728.3−0.042%$281.5M$177.2M150xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.2−0.007%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,729.2−0.009%$10.5M$42.7M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.6+0.008%$6.5M$680.5M4.9xas long as short
Perpl ETH0.0000%43m2,728.3−0.039%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.2+0.030%$262.4M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.2−0.006%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0020%8h2,730.3+0.035%$18.6Mas long as short
Bybit ETHUSDT+0.0024%8h2,730.8+0.050%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,728.5−0.031%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,729.3−0.003%$192K$891K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,731.1+0.062%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,729.8+0.015%$82.0M$309.6M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,731.6+0.082%$385.2M$577.7M100xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,731.1+0.064%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0080%8h2,731.2+0.066%$253.0M$848.8M200xas long as short
MEXC ETH_USDT+0.0093%8h2,731.3+0.069%$1.55B$2.55B500xas long as short
Binance ETHUSDT+0.0093%8h2,730.9+0.053%$6.32B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,729.7+0.012%$112.6M$429.1M50xas long as short
Lighter RH ETH+0.0096%1h2,731.5+0.077%$23.5M$101.8M50xas long as short
Hibachi ETH/USDT-P+0.0096%1h2,731.5+0.077%$242K$1.4M20xas long as short
Aevo ETH-PERP+0.0096%1h2,726.6−0.104%$4.9M$179K20xas long as short
Phemex ETHUSDT+0.0099%8h2,730+0.023%$263.1M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4−0.036%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.3+0.107%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.5−0.033%$14.0M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732+0.095%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,729.5+0.004%$32.2M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.7−0.062%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.1−0.012%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730+0.022%$3.31B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.4+0.075%$2.11B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.7+0.010%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.9−0.091%$133.9M$319.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,727.6−0.067%$185.5M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.3−0.004%$158.6M$83.7M50xas long as short
StandX ETH-USDshort+0.0100%1h2,729.1−0.011%$21.0M$70.4M40x
Vest ETH-PERP+0.0100%1h2,730.4+0.038%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730+0.022%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.7−0.024%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.40.000%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.8+0.050%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,727.8−0.057%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,729.1−0.011%$54.4M$187.2M40xas long as short
Bulk ETH-USD+0.0100%1h2,729−0.015%$162.7M$352.6M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.8+0.014%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.7+0.047%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,728.5−0.033%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.5+0.040%$46.6M$4.30B50xas long as short
RISEx ETH/USDClong+0.0114%1h2,729.4long leg$5.6M$11.7M25x
Orderly PERP_ETH_USDC+0.0185%8h2,731.2+0.067%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0185%1h2,728−0.050%$7.3M$975K25xas long as short