Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.029%

Price spread now: BloFin against StandX+0.003%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on StandX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.003%, 7d avg −0.017%

Together, before fees+0.090%+ Points / potential airdropStandX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,724.7	0.0100	pay 0.0013% / 1h	33m 49s	$21.0M	$71.5M	40x
Short	BloFin ETH-USDT	2,724.8	0.0210	get 0.0210% / 8h	2h 33m	$282.9M	$174.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against StandX. 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 StandXbpFee BloFinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $23.18
Price spread: +0.003% → −0.017%: $1.92
Slippage, 4 orders: −$2.59
Fee StandX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.51
Costs to cover: 0.226%
Break-even: 6.2 days

Slippage from StandX: live order book, 5 min ago; BloFin: live order book, 5 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 StandX live order book, 5 min ago	1.10 bp	5.1 bp −$5	6.2 bp −$62	7.4 bp −$740	16.8 bp −$8,381
Sell BloFin live order book, 5 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.1 bp −$714	9.7 bp −$4,829

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	2,720.4	−0.157%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,721	−0.136%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,718	−0.246%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,718.8	−0.218%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,721.6	−0.114%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,719.1	−0.206%	$27.9M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,721.2	−0.128%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0012%	1h	2,722.1	−0.096%	$10.8M	$41.9M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0015%	1h	2,719.5	−0.193%	$258.7M	$206.0M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,721.1	−0.132%	$186K	$787K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0033%	8h	2,717	−0.283%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,716.9	−0.288%	$2.34B	$4.42B	150x	as long as short
Aftermath Perps ETHUSD	+0.0066%	1h	2,723.4	−0.048%	$30K	$20K	20x	as long as short
Bullet ETH-USD	+0.0069%	1h	2,718.3	−0.234%	$179K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0070%	8h	2,717.5	−0.263%	$953K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0075%	8h	2,718	−0.245%	$374.2M	$578.4M	100x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,718.5	−0.228%	$251.6M	$845.0M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,716	−0.318%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0090%	8h	2,717.1	−0.281%	$1.65B	$10.78B	100x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,718	−0.246%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,717.6	−0.262%	$6.29B	$16.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,718.7	−0.221%	$111.2M	$432.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,720.4	−0.159%	$23.3M	$103.1M	50x	as long as short
Phemex ETHUSDT	+0.0097%	8h	2,718.7	−0.222%	$262.8M	$64.3M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,720.6	−0.150%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,722.8	−0.069%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,720	−0.172%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,719.5	−0.191%	$3.08B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,721.5	−0.119%	$31.9M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,720	−0.172%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,721	−0.135%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,723.8	−0.032%	$163.8M	$329.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,717.9	−0.248%	$3.29B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,717.1	−0.277%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,717.9	−0.249%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.2	−0.054%	$133.0M	$326.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,721.7	−0.110%	$184.3M	$675.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.6	−0.040%	$158.5M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,723.1	−0.059%	$8.6M	$31.3M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,724.7	long leg	$21.0M	$71.5M	40x
Vest ETH-PERP	+0.0100%	1h	2,721.9	−0.103%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,721.1	−0.132%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,719	−0.208%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,719.6	−0.186%	$40.8M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,718.3	−0.235%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.4	−0.269%	$30.5M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,720.7	−0.146%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,719.4	−0.194%	$49.8M	$4.27B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,721.1	−0.131%	$5.6M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,721.4	−0.121%	$6.4M	$692.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,718.9	−0.212%	$82.7M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,720.6	−0.150%	$32.0M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,718.4	−0.230%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDTshort	+0.0210%	8h	2,724.8	+0.003%	$282.9M	$174.7M	150x
Hibachi ETH/USDT-P	+0.0248%	1h	2,726.2	+0.056%	$249K	$1.4M	20x	as long as short