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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Derive against StandX+0.059%49s7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on StandXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.059%, 7d avg +0.045%
Together, before fees+0.051%+ Points / potential airdropStandX: Active · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,732.50.0100pay 0.0013% / 1h14m 27s$21.0M$70.0M40x
ShortDerive ETH-PERP2,734.10.0100get 0.0013% / 1h14m 27s$41.0M$30.2M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$0
Price spread: +0.059% → +0.045%
$1.36
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$12.64
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 5 min ago1.10 bp5.4 bp −$56.5 bp −$658.9 bp −$88712.1 bp −$6,030
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl ETH−0.0447%43m2,734.1+0.057%$281K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.1+0.022%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5+0.001%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,732.6+0.004%$819K$3.0M25xas long as short
HTX ETH-USDT0.0000%8h2,732.3−0.007%$1.05B$1.22B200xas long as short
dYdX ETH-USD+0.0006%1h2,732.3−0.008%$10.4M$42.6M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.7+0.007%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.8−0.062%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0034%8h2,734.1+0.058%—$1.12B—as long as short
01 Exchange ETHUSD+0.0040%1h2,734.4+0.070%$193K$850K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,733.8+0.049%$2.36B$4.41B150xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,728.9−0.133%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0080%8h2,733.3+0.029%$375.4M$578.0M100xas long as short
SunX ETH-USDT+0.0081%8h2,732.2−0.012%$959K$11.1M100xas long as short
Bullet ETH-USD+0.0082%1h2,732.4−0.005%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0092%8h2,733.9+0.051%$252.5M$846.1M200xas long as short
Phemex ETHUSDT+0.0092%8h2,732.4−0.005%$263.4M$65.0M150xas long as short
Lighter ETH+0.0096%1h2,733.7+0.045%$112.8M$436.3M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.091%$23.5M$104.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.3−0.080%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0098%8h2,733.7+0.043%$1.66B$10.89B100xas long as short
Binance ETHUSDT+0.0098%8h2,733.9+0.051%$6.34B$16.12B150xas long as short
MEXC ETH_USDT+0.0098%8h2,733.3+0.029%$1.54B$2.60B500xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5+0.037%$505K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.8+0.195%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8+0.049%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.3+0.139%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.1+0.057%$32.0M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7+0.007%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.6+0.076%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,722.5−0.366%$160.0M$319.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.9+0.053%$3.28B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.1+0.060%$2.09B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.4−0.002%$15.0M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.7−0.030%$134.3M$327.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.2−0.049%$185.1M$680.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.6−0.033%$158.9M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,732.2−0.012%$8.7M$31.4M100xas long as short
StandX ETH-USDlong+0.0100%1h2,732.5long leg$21.0M$70.0M40x
Vest ETH-PERP+0.0100%1h2,735+0.091%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.4+0.106%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.6+0.005%$22K$21K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,734.1+0.059%$41.0M$30.2M15x
SoDEX ETH-USD+0.0100%1h2,732.6+0.004%$54.4M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,733.3+0.031%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.8+0.012%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,733.8+0.046%$49.8M$4.32B50xas long as short
RISEx ETH/USDC+0.0108%1h2,734.6+0.077%$5.6M$11.8M25xas long as short
Deribit ETH-PERPETUAL+0.0134%1h2,733.9+0.050%$259.3M$207.7M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,732.8+0.011%$6.9M$692.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,733.4+0.031%$83.2M$311.6M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,734.6+0.078%$32.1M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0198%1h2,733.3+0.031%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,733.5+0.035%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0392%8h2,732.4−0.003%$281.6M$174.9M150xas long as short