Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%
Price spread now: Aevo against Aster+0.014%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$660.665% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.014%, 7d avg −0.072%
Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.086% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,736.30.0084pay 0.0084% / 8h3h 33m$251.3M$842.4M200x
ShortAevo ETH-PERP2,736.70.0096get 0.0012% / 1h33m 59s$4.9M$155K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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
$2.45
Price spread: +0.014% → −0.072%
$8.62
Slippage, 4 orders
−$42.49
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$55.41
Costs to cover
0.665%
Break-even
165.0 days
Slippage from Aster: live order book, 5 min ago; Aevo: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago0.31 bp4.8 bp −$55.2 bp −$526.2 bp −$61911.0 bp −$5,508
Sell Aevo live order book, just now16.16 bp33.1 bp −$3346.8 bp −$468doesn't fitdoesn't fit

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−0.0447%43m2,736.7+0.014%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.7+0.051%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.7+0.012%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,738.9+0.094%$823K$2.9M25xas long as short
HTX ETH-USDT+0.0002%8h2,735.2−0.043%$1.06B$1.20B200xas long as short
dYdX ETH-USD+0.0005%1h2,737.1+0.028%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.7+0.013%$28.1M200xas long as short
Bullet ETH-USD+0.0027%1h2,736.2−0.004%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0032%8h2,735.7−0.022%$18.5Mas long as short
Deribit ETH-PERPETUAL+0.0039%1h2,737.1+0.029%$259.5M$200.1M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,735.9−0.016%$2.37B$4.37B150xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.040%$8.7M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,737.1+0.029%$187K$817K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736−0.010%$381.6M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,735.7−0.022%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0079%8h2,735.9−0.014%$265.3M$65.1M150xas long as short
Aster ETHUSDTlong+0.0084%8h2,736.3long leg$251.3M$842.4M200x
SunX ETH-USDT+0.0086%8h2,736.1−0.008%$960K$11.2M100xas long as short
MEXC ETH_USDT+0.0093%8h2,735.9−0.015%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,736.1−0.009%$6.36B$15.89B150xas long as short
Lighter ETH+0.0096%1h2,736.3+0.001%$112.9M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.044%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.2+0.034%$30.9M500xas long as short
Aevo ETH-PERPshort+0.0096%1h2,736.7+0.014%$4.9M$155K20x
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.054%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0099%1h2,735.8−0.019%$54.5M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.4+0.148%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.3−0.001%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.1+0.029%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.4+0.076%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.8+0.054%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.2−0.004%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.3+0.037%$1.5M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,736−0.010%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736−0.011%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5−0.028%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,735.4−0.034%$133.6M$322.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,737.2+0.032%$184.1M$670.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.9−0.014%$159.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,738+0.062%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.3+0.037%$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.047%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.2+0.033%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738+0.060%$41.3M$29.9M15xas long as short
Bulk ETH-USD+0.0100%1h2,739.4+0.111%$170.6M$337.3M25xas long as short
Extended ETH-USD+0.0104%1h2,735−0.050%$30.6M$73.0M50xas long as short
RISEx ETH/USDC+0.0107%1h2,737.3+0.035%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,737.6+0.046%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.6+0.011%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0142%8h2,737.4+0.040%$6.5M$682.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,736.3+0.001%$83.4M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,738.5+0.081%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0212%1h2,735.1−0.045%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,737.3+0.035%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0375%8h2,736.7+0.012%$283.5M$175.3M150xas long as short