Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.004%

Price spread now: KuCoin against StandX−0.121%51s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$240.244% of the position

Long on StandX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.121%, 7d avg −0.018%

Together, before fees+0.023%+ Points / potential airdropStandX: Active · farm board+$2 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: KuCoin is 0.103% cheaper against StandX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,741.6	0.0100	pay 0.0013% / 1h	29m 46s	$21.0M	$77.6M	40x
Short	KuCoin ETHUSDTM	2,738.3	0.0094	get 0.0094% / 8h	4h 29m	$378.1M	$430.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$1.26
Price spread: −0.121% → −0.018%: −$10.29
Slippage, 4 orders: −$4.45
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.99
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	0.91 bp	5.3 bp −$5	5.8 bp −$58	6.4 bp −$637	13.9 bp −$6,960
Sell KuCoin live order book, 2 min ago	0.02 bp	6.2 bp −$6	8.1 bp −$81	10.5 bp −$1,054	doesn't fit

ETH on 54 exchanges

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
Hibachi ETH/USDT-P	−0.0056%	1h	2,740.9	−0.027%	$234K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,738.4	−0.116%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,742.7	+0.040%	$817K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,739.1	−0.091%	$7.3M	$659.4M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,738.9	−0.098%	$264K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,738.5	−0.115%	$33.0M	—	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,738.9	−0.098%	$181K	$908K	50x	as long as short
Bybit ETHUSDT	+0.0053%	8h	2,739.2	−0.089%	$2.36B	$3.76B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,739.3	−0.085%	$267.6M	$181.1M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,739.3	−0.085%	$1.67B	$8.97B	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0085%	1h	2,738.2	−0.124%	$61.7M	$121.6M	40x	as long as short
dYdX ETH-USD	+0.0086%	1h	2,738.9	−0.097%	$15.2M	$42.3M	50x	as long as short
KuCoin ETHUSDTMshort	+0.0094%	8h	2,738.3	−0.121%	$378.1M	$430.4M	100x
Lighter ETH	+0.0096%	1h	2,739.6	−0.074%	$113.2M	$384.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.1	−0.053%	$23.8M	$94.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,740.2	−0.050%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.5	−0.185%	$4.9M	$256K	20x	as long as short
Binance ETHUSDT	+0.0099%	8h	2,739	−0.094%	$6.40B	$13.62B	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.1	−0.128%	$489K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.9	−0.100%	$15.0M	$93.5M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,739	−0.094%	$254.0M	$700.0M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.1	−0.055%	$32.0M	$320.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,738	−0.131%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.8	−0.031%	$1.6M	$14.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,744	+0.089%	$165.1M	$312.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.4	−0.116%	$3.26B	$7.66B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,739.2	−0.089%	$1.60B	$2.31B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.3	−0.084%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,738.2	−0.125%	—	$934.1M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,737.9	−0.136%	$14.9M	$34.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.2	−0.087%	$133.8M	$273.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,742.6	+0.035%	$184.5M	$554.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.6	+0.109%	$159.5M	$70.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,743.1	+0.055%	$8.2M	$24.1M	100x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,741.6	long leg	$21.0M	$77.6M	40x
Vest ETH-PERP	+0.0100%	1h	2,740.3	−0.049%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,739.6	−0.073%	$11.2M	$8.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,738.3	−0.120%	$177K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,738.7	−0.107%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,739.7	−0.068%	$40.9M	$25.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,737.7	−0.141%	$943K	$8.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,738.2	−0.123%	$1.05B	$985.0M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,738.4	−0.116%	$262.6M	$56.6M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.1	−0.165%	$30.2M	$63.6M	50x	as long as short
Aftermath Perps ETHUSD	+0.0112%	1h	2,742.1	+0.019%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,739.4	−0.079%	$48.0M	$3.87B	50x	as long as short
Hyperliquid ETH	+0.0120%	1h	2,741.1	−0.018%	$3.15B	$1.65B	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,738.9	−0.100%	$82.3M	$264.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0142%	1h	2,737.2	−0.159%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0192%	8h	2,740.6	−0.038%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,739.1	−0.093%	$5.7M	$10.5M	25x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,739.9	−0.061%	$283.9M	$146.0M	150x	as long as short
Paradex ETH-USD-PERP	+0.0409%	8h	2,741.5	−0.005%	$15.8M	$6.0M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,742.8	+0.044%	$118K	$25.4M	52x	as long as short