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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: StandX against SoDEX0.000%48s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$200.196% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.028%+$3 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now 0.000%, 7d avg +0.025%
Together, before fees+0.044%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.025% cheaper against SoDEX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.025%). If the spread goes back, that is −$2 on $10k: about 3.2 days of funding at the current rate (+$1 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,730.80.0074pay 0.0009% / 1h59m 36s$54.4M$187.2M40x
ShortStandX ETH-USD2,730.80.0100get 0.0013% / 1h59m 36s$21.0M$70.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against SoDEX. 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
$5.4
Price spread: 0.000% → +0.025%
−$2.5
Slippage, 4 orders
−$3.62
Fee SoDEX: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$16.72
Costs to cover
0.196%
Break-even
28.7 days
Slippage from SoDEX: live order book, 5 min ago; StandX: live order book, 5 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.9 bp −$59229.3 bp −$14.7K
Sell StandX live order book, 5 min ago1.10 bp5.8 bp −$68.3 bp −$8312.2 bp −$1,221doesn'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
Hotstuff ETH-PERP−0.0080%1h2,729.9−0.033%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.125%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.4+0.021%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,730−0.029%$812K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,729.8−0.037%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,730.6−0.007%$6.6M$682.3M4.9xas long as short
Perpl ETH0.0000%43m2,730.2−0.022%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731.8+0.036%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.4+0.023%$33.0M200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,728.8−0.073%$8.6M$31.6M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0022%8h2,729.4−0.050%$1.10Bas long as short
Bybit ETHUSDT+0.0025%8h2,729.4−0.053%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,730.7−0.005%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,730.2−0.022%$191K$890K50xas long as short
KuCoin ETHUSDTM+0.0069%8h2,729.8−0.036%$385.7M$577.4M100xas long as short
SoDEX ETH-USDlong+0.0074%1h2,730.8long leg$54.4M$187.2M40x
OKX ETH-USDT-SWAP+0.0079%8h2,729.4−0.052%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0081%8h2,729.6−0.044%$252.9M$847.7M200xas long as short
MEXC ETH_USDT+0.0092%8h2,729.5−0.048%$1.54B$2.55B500xas long as short
Bullet ETH-USD+0.0093%1h2,731+0.007%$187K$1.7M20xas long as short
Binance ETHUSDT+0.0093%8h2,729.5−0.048%$6.33B$16.12B150xas long as short
Phemex ETHUSDT+0.0094%8h2,731.1+0.010%$263.0M$64.4M150xas long as short
Lighter ETH+0.0096%1h2,730.1−0.027%$112.6M$428.2M50xas long as short
Lighter RH ETH+0.0096%1h2,731.4+0.023%$23.5M$103.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.1−0.099%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.5−0.048%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.9+0.112%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.070%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.7+0.033%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.5−0.012%$32.2M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.1−0.062%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3−0.018%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.7−0.040%$3.30B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.5−0.046%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.5−0.010%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728−0.103%$134.0M$320.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.7−0.076%$185.5M$683.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.2−0.058%$158.6M$83.7M50xas long as short
StandX ETH-USDshort+0.0100%1h2,730.80.000%$21.0M$70.2M40x
Vest ETH-PERP+0.0100%1h2,731.8+0.036%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.2+0.051%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.1+0.010%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.067%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.5−0.048%$956K$10.9M100xas long as short
Bulk ETH-USD+0.0100%1h2,729−0.067%$162.7M$352.6M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,731.8+0.037%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,728.7−0.078%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.4−0.051%$30.5M500xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,729.7−0.039%$243K$1.4M20xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,732+0.042%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0115%1h2,731.1+0.012%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.1+0.083%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0186%1h2,730−0.030%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,731.2+0.016%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0222%8h2,729−0.068%$281.1M$177.2M150xas long as short