ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0852%/8h= −93.3% APRnext payment −$1.07 per $10,000 · paid last 24h −0.027%

Price spread now: Injective against StandX+0.087%50s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.687% of the position

Long on StandX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 3 days (all we have)−0.175%−$18 · spread now +0.087%, 7d avg +0.052%

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

The price spread pays, funding is against you. Injective is 0.035% dearer against StandX than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.052%): +$3 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,771.4	0.0100	pay 0.0013% / 1h	6m 26s	$21.4M	$64.4M	40x
Short	Injective ETH/USDC PERP	2,773.8	−0.0752	pay 0.0094% / 1h	6m 26s	$119K	$22.5M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.087%Rate

Funding earned: −$178.93
Price spread: +0.087% → +0.052%: $3.48
Slippage, 4 orders: −$60.69
Fee StandX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$244.16
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from StandX: live order book, 3 min ago; Injective: live order book, 3 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, 3 min ago	1.26 bp	5.6 bp −$6	6.7 bp −$67	7.9 bp −$788	17.2 bp −$8,614
Sell Injective live order book, 3 min ago	8.28 bp	49.6 bp −$50	51.9 bp −$519	52.5 bp −$5,254	doesn't fit

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
Injective ETH/USDC PERPshort	−0.0752%	1h	2,773.8	+0.087%	$119K	$22.5M	52x
RISEx ETH/USDC	−0.0128%	1h	2,766.8	−0.167%	$5.6M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,767.3	−0.149%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769	−0.087%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,766.7	−0.170%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,770.8	−0.022%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	+0.0001%	1h	2,768.6	−0.100%	$12.3M	$43.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.2	−0.150%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0016%	1h	2,766.6	−0.174%	$184K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0017%	8h	2,770.1	−0.046%	$269.6M	$65.8M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0033%	8h	2,766.5	−0.179%	$1.70B	$10.96B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,767	−0.157%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0048%	1h	2,770	−0.051%	$55.2M	$187.7M	40x	as long as short
Aster ETHUSDT	+0.0051%	8h	2,767.5	−0.141%	$260.6M	$849.7M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,765.3	−0.219%	$5.0M	$156K	20x	as long as short
MEXC ETH_USDT	+0.0059%	8h	2,766.6	−0.172%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,766.6	−0.174%	$6.47B	$16.03B	150x	as long as short
Aftermath Perps ETHUSD	+0.0072%	1h	2,771	−0.015%	$31K	$21K	20x	as long as short
HTX ETH-USDT	+0.0079%	8h	2,770	−0.051%	$1.07B	$1.23B	200x	as long as short
Bitget ETHUSDT	+0.0080%	8h	2,766.7	−0.169%	$2.10B	$2.82B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,771.3	−0.004%	$60.3M	$4.40B	50x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,766.8	−0.166%	$3.37B	$9.11B	200x	as long as short
Vest ETH-PERP	+0.0086%	1h	2,768	−0.122%	—	$870K	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,766.9	−0.162%	$419.2M	$589.6M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,768.6	−0.101%	$115.0M	$460.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.2	−0.079%	$25.5M	$112.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,771.9	+0.018%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,766.7	−0.170%	$485K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,766.7	−0.171%	$14.5M	$112.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.1	−0.083%	$3.16B	$2.10B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.4	−0.108%	$31.3M	$328.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,766.8	−0.168%	$2.50B	$4.27B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.3	−0.184%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,767.4	−0.146%	$2.8M	$16.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,771.7	+0.011%	$172.0M	$293.3M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,766.4	−0.182%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.6	−0.065%	$15.1M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,769.2	−0.081%	$134.1M	$347.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,773.2	+0.066%	$184.0M	$750.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.6	+0.044%	$161.2M	$83.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,773.5	+0.077%	$8.9M	$31.4M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,771.4	long leg	$21.4M	$64.4M	40x
Polymarket Perps ETH-USD	+0.0100%	1h	2,766.4	−0.180%	$10.5M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.2	−0.153%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.3	+0.031%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	−0.066%	$971K	$12.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,766.1	−0.191%	$30.9M	$74.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.3	−0.041%	—	$35.9M	500x	as long as short
Kalshi KXETHPERP	+0.0118%	8h	2,771.8	+0.014%	$8.2M	$672.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.3	−0.004%	$97.9M	$314.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0157%	8h	2,769	−0.088%	$32.6M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,771.8	+0.014%	$253K	$1.5M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0172%	1h	2,771.5	+0.005%	$259.1M	$201.5M	50x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,770.2	−0.042%	$287.4M	$175.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,766.6	−0.173%	$7.3M	$1.1M	25x	as long as short