Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: StandX against Vest+0.136%7-day average −0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.136%, 7d avg −0.008%

Together, before fees−0.121%+ Points / potential airdropVest: Active · StandX: Active · farm board−$12 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: StandX is 0.144% dearer against Vest than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest ETH-PERP	2,744.8	0.0100	pay 0.0013% / 1h	55m 12s	—	$819K	50x
Short	StandX ETH-USD	2,748.5	0.0100	get 0.0013% / 1h	55m 12s	$21.2M	$69.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Vest. 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 VestbpFee StandXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → −0.008%: $14.45
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee StandX: 4 bp × 2 orders: −$8
Net: $4.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; StandX: live order book, 4 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell StandX live order book, 4 min ago	0.73 bp	4.7 bp −$5	7.6 bp −$76	11.0 bp −$1,099	doesn't fit

Vest: 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 54 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
ApeX Omni ETHUSDT	−0.0362%	1h	2,743	−0.064%	$8.7M	$31.1M	100x	as long as short
Perpl ETH	−0.0112%	43m	2,743.4	−0.051%	$306K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,745.2	+0.016%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,744.1	−0.024%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.5	−0.047%	$12.1M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,748.4	+0.133%	$847K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,745.7	+0.033%	$10.8M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,743.4	−0.048%	$22.2M	—	200x	as long as short
BingX ETH-USDT	+0.0043%	8h	2,742.8	−0.070%	—	$1.16B	—	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,744.4	−0.013%	$183K	$925K	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0055%	8h	2,744.5	−0.008%	$1.70B	$10.57B	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,743.1	−0.062%	$368.8M	$598.6M	100x	as long as short
Aster ETHUSDT	+0.0075%	8h	2,744.4	−0.013%	$252.3M	$840.8M	200x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,743.8	−0.033%	$5.7M	$11.2M	25x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,740.7	−0.148%	$4.9M	$159K	20x	as long as short
MEXC ETH_USDT	+0.0082%	8h	2,744.6	−0.006%	$1.56B	$2.51B	500x	as long as short
Binance ETHUSDT	+0.0083%	8h	2,744.4	−0.014%	$6.38B	$15.72B	150x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,744	−0.027%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,744.6	−0.006%	$112.9M	$430.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745.5	+0.028%	$24.7M	$103.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,747.7	+0.107%	—	$30.9M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,745	+0.008%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,748.6	+0.140%	$16.2M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,743.8	−0.035%	$484K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,744.2	−0.020%	$13.9M	$106.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,744.9	+0.005%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,744.8	+0.001%	$31.6M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,744.3	−0.016%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,744.1	−0.024%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,744.2	−0.020%	$2.7M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.3	−0.053%	$163.1M	$304.4M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,743.5	−0.046%	$3.39B	$8.64B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,743.5	−0.047%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,745.6	+0.029%	$15.0M	$41.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,748	+0.120%	$132.7M	$342.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,742.9	−0.067%	$181.7M	$689.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.2	−0.056%	$159.5M	$81.2M	50x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,748.5	+0.136%	$21.2M	$69.1M	40x
Vest ETH-PERPlong	+0.0100%	1h	2,744.8	long leg	—	$819K	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.5	−0.046%	$10.7M	$8.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,743.2	−0.057%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,743.6	−0.043%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.8	0.000%	$41.6M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.1	−0.097%	$961K	$11.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743.4	−0.050%	$54.6M	$187.5M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,744.6	−0.005%	$258.9M	$195.5M	50x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.2	−0.021%	$267.1M	$65.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.8	−0.072%	$30.6M	$72.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0108%	1h	2,746.4	+0.061%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0149%	8h	2,744.8	+0.001%	$7.7M	$669.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	2,745.5	+0.027%	$32.3M	$11.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.5	−0.008%	$88.0M	$309.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0224%	1h	2,742.4	−0.085%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,749.7	+0.178%	$250K	$1.4M	20x	as long as short