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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Hyperliquid against StandX+0.260%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$200.195% of the position
Long on StandXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days−0.234%−$23 · spread now +0.260%, 7d avg +0.020%
Together, before fees−0.230%+ Points / potential airdropStandX: Active · Hyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.239% dearer against StandX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX ETH-USD2,770.80.0100pay 0.0013% / 1h3m 43s$21.4M$58.7M40x
ShortHyperliquid ETH2,7780.0100get 0.0013% / 1h3m 43s$3.18B$2.36B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.260% → +0.020%
$23.95
Slippage, 4 orders
−$2.51
Fee StandX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$4.44
Costs to cover
0.195%
Break-even
from the start
Slippage from StandX: live order book, 5 min ago; Hyperliquid: live order book, 10 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 StandX live order book, 5 min ago0.90 bp5.2 bp −$56.1 bp −$618.0 bp −$79513.6 bp −$6,815
Sell Hyperliquid live order book, 10 min ago0.18 bp4.7 bp −$54.7 bp −$475.8 bp −$5828.0 bp −$3,987

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−0.0223%43m2,773.7+0.104%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,775.6+0.174%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.314%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4+0.058%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3−0.055%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4+0.130%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.181%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.025%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9+0.184%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775.3+0.161%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0024%8h2,775.1+0.154%$270.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.7+0.176%$12.8M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.9+0.148%$55.3M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772+0.043%$29K$22K20xas long as short
Aster ETHUSDT+0.0032%8h2,775.4+0.165%$256.2M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,774.9+0.149%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,775.4+0.167%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0054%8h2,775.4+0.168%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,773.3+0.090%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0066%8h2,775.5+0.171%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775.5+0.169%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,775.7+0.175%$422.9M$738.3M100xas long as short
Bybit ETHUSDT+0.0087%8h2,775.5+0.171%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,775.4+0.164%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.1+0.228%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0092%1h2,774.5+0.135%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,774.7+0.141%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.9+0.184%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,777.5+0.240%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0097%1h2,774+0.114%—$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,776.4+0.202%$259.1M$222.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.6+0.175%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.1+0.155%$483K$2.8M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,778+0.260%$3.18B$2.36B25x
Pacifica ETH+0.0100%1h2,776+0.188%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.3+0.162%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.4+0.204%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.051%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.9+0.183%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.082%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.037%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.005%$161.1M$89.5M50xas long as short
StandX ETH-USDlong+0.0100%1h2,770.8long leg$21.4M$58.7M40x
Polymarket Perps ETH-USD+0.0100%1h2,774.8+0.144%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776+0.186%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,774.2+0.124%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,777.5+0.243%$42.8M$29.4M15xas long as short
Kalshi KXETHPERP+0.0101%8h2,772.3+0.054%$8.4M$688.6M4.9xas long as short
Extended ETH-USD+0.0104%1h2,774.9+0.147%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.8+0.107%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,776.8+0.216%$90.8M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,778.1+0.263%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770−0.028%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,771.5+0.025%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.2+0.124%$7.4M$1.2M25xas long as short