Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against StandX−0.055%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

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

costs, in and out, $10k−$200.202% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.055%, 7d avg −0.049%

Together, before fees+0.059%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,723.2	0.0100	pay 0.0013% / 1h	35m 02s	$20.9M	$71.9M	40x
Short	edgeX ETHUSDC	2,721.7	0.0100	get 0.0050% / 4h	2h 35m	$184.3M	$675.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.049%: −$0.66
Slippage, 4 orders: −$3.19
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.85
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; edgeX: live order book, 4 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, 4 min ago	1.10 bp	5.1 bp −$5	6.2 bp −$62	7.4 bp −$740	16.8 bp −$8,381
Sell edgeX live order book, 4 min ago	0.02 bp	4.8 bp −$5	5.0 bp −$50	5.3 bp −$525	6.8 bp −$3,414

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	2,724.6	+0.051%	$283K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,725.2	+0.073%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0010%	8h	2,724	+0.028%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,725.2	+0.072%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,721.6	−0.059%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.5	+0.083%	$28.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,721.2	−0.073%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0012%	1h	2,725.1	+0.069%	$10.8M	$41.9M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,724.5	+0.048%	$186K	$786K	50x	as long as short
BingX ETH-USDC	+0.0033%	8h	2,723.7	+0.019%	—	$18.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0042%	8h	2,721.2	−0.074%	$2.35B	$4.42B	150x	as long as short
Aftermath Perps ETHUSD	+0.0068%	1h	2,723.7	+0.018%	$30K	$20K	20x	as long as short
SunX ETH-USDT	+0.0070%	8h	2,724.6	+0.050%	$956K	$11.2M	100x	as long as short
Bullet ETH-USD	+0.0071%	1h	2,724.9	+0.063%	$179K	$1.7M	20x	as long as short
KuCoin ETHUSDTM	+0.0075%	8h	2,725.2	+0.074%	$375.3M	$578.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,722.8	−0.014%	$4.9M	$155K	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,722.8	−0.015%	$252.0M	$845.0M	200x	as long as short
Phemex ETHUSDT	+0.0086%	8h	2,724.3	+0.041%	$263.4M	$64.3M	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,724.4	+0.045%	$1.56B	$2.57B	500x	as long as short
OKX ETH-USDT-SWAP	+0.0090%	8h	2,721.2	−0.073%	$1.66B	$10.80B	100x	as long as short
Deribit ETH-PERPETUAL	+0.0091%	1h	2,726.3	+0.115%	$258.8M	$205.2M	50x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,722.5	−0.027%	$6.30B	$16.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,725.2	+0.075%	$111.5M	$432.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.2	+0.109%	$23.4M	$103.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,724.3	+0.040%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.1	+0.145%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724.8	+0.058%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.4	+0.081%	$3.08B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,725.5	+0.084%	$31.9M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.2	0.000%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,725.2	+0.072%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,723.8	+0.023%	$163.8M	$329.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,723.7	+0.019%	$3.30B	$8.93B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,723.2	−0.001%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,723.2	−0.001%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.2	+0.001%	$133.0M	$326.9M	—	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,721.7	−0.055%	$184.3M	$675.8M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.6	+0.015%	$158.5M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,723.1	−0.004%	$8.6M	$31.3M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,723.2	long leg	$20.9M	$71.9M	40x
Vest ETH-PERP	+0.0100%	1h	2,726	+0.103%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,726.4	+0.118%	$11.2M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,725.2	+0.072%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,726.4	+0.118%	$40.9M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,725.2	+0.073%	$54.3M	$187.9M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.5	+0.046%	$30.5M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,725.2	+0.072%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,726.3	+0.113%	$49.9M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,725.3	+0.077%	$5.6M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,725.3	+0.077%	$6.4M	$692.2M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,725.6	+0.090%	$82.9M	$316.2M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,727.5	+0.159%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0202%	1h	2,724.5	+0.049%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,724.8	+0.058%	$282.9M	$174.7M	150x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,724.2	+0.035%	$249K	$1.4M	20x	as long as short