Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against Aster−0.080%69s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$200.203% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.080%, 7d avg −0.001%

Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.079% cheaper against Aster than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 4.5 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 69 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	Aster ETHUSDT	2,772.5	0.0042	pay 0.0042% / 8h	7h 44m	$256.9M	$914.3M	200x
Short	ApeX Omni ETHUSDT	2,770.3	0.0100	get 0.0013% / 1h	44m 28s	$8.7M	$32.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.080%Rate

Funding earned: $12.23
Price spread: −0.080% → −0.001%: −$7.87
Slippage, 4 orders: −$2.29
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.92
Costs to cover: 0.203%
Break-even: 16.1 days

Slippage from Aster: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Aster live order book, 5 min ago	0.54 bp	4.9 bp −$5	5.4 bp −$54	7.4 bp −$744	14.9 bp −$7,440
Sell ApeX Omni live order book, 5 min ago	0.40 bp	5.4 bp −$5	6.5 bp −$65	24.2 bp −$2,420	81.2 bp −$40.6K

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 PERP	−0.0752%	1h	2,770.4	−0.076%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,772.3	−0.006%	$5.7M	$11.4M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,771.8	−0.024%	$285K	$6.5M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.7	+0.043%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,771.7	−0.029%	$168K	$1.1M	50x	as long as short
Phemex ETHUSDT	−0.0028%	8h	2,772.3	−0.006%	$270.0M	$67.8M	150x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.8	−0.025%	$878K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,773	+0.018%	$12.2M	$46.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.5	−0.037%	$22.4M	—	200x	as long as short
Gate ETH_USDT	+0.0008%	8h	2,772.6	+0.005%	$3.33B	$8.94B	200x	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	+0.0022%	8h	2,770.8	−0.061%	$1.71B	$11.44B	100x	as long as short
Bullet ETH-USD	+0.0023%	1h	2,770.2	−0.083%	$183K	$1.7M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,771.1	−0.051%	$12.7M	—	200x	as long as short
Aster ETHUSDTlong	+0.0042%	8h	2,772.5	long leg	$256.9M	$914.3M	200x
Aftermath Perps ETHUSD	+0.0046%	1h	2,771.6	−0.032%	$31K	$23K	20x	as long as short
SoDEX ETH-USD	+0.0047%	1h	2,772.3	−0.007%	$55.2M	$211.3M	40x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,772.2	−0.012%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,770.2	−0.085%	$1.63B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0059%	8h	2,770.7	−0.065%	$6.47B	$16.71B	150x	as long as short
Bitget ETHUSDT	+0.0068%	8h	2,770.6	−0.069%	$2.10B	$2.94B	150x	as long as short
HTX ETH-USDT	+0.0071%	8h	2,772.4	−0.004%	$1.08B	$1.28B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,773.6	+0.040%	$60.6M	$4.52B	50x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,771.3	−0.044%	$420.7M	$648.3M	100x	as long as short
Vest ETH-PERP	+0.0087%	1h	2,771.6	−0.034%	—	$911K	50x	as long as short
Lighter ETH	+0.0096%	1h	2,773.4	+0.032%	$115.3M	$456.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774.4	+0.067%	$25.2M	$110.0M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,772.3	−0.009%	$15.9M	$9.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772	−0.018%	$487K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,773.3	+0.029%	$14.5M	$116.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.9	+0.014%	$3.17B	$2.31B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,773.4	+0.032%	$31.2M	$322.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.9	−0.057%	$2.50B	$4.48B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.7	+0.007%	$2.8M	$17.1M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.1	+0.023%	$2.8M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.9	−0.092%	$170.3M	$272.1M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,771	−0.054%	—	$17.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.3	+0.029%	$15.3M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	−0.080%	$151.3M	$342.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.8	−0.133%	$181.8M	$786.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.2	−0.082%	$161.1M	$86.9M	50x	as long as short
ApeX Omni ETHUSDTshort	+0.0100%	1h	2,770.3	−0.080%	$8.7M	$32.8M	100x
StandX ETH-USD	+0.0100%	1h	2,770.6	−0.069%	$21.4M	$59.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771	−0.054%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.9	+0.013%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.6	+0.077%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,772.3	−0.006%	$973K	$13.5M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.8	−0.025%	$32.5M	$73.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,773.1	+0.023%	—	$38.3M	500x	as long as short
Kalshi KXETHPERP	+0.0104%	8h	2,773	+0.018%	$8.2M	$686.7M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,773.8	+0.048%	$93.4M	$325.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0148%	8h	2,775.2	+0.098%	$32.6M	$11.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,773.2	+0.026%	$253K	$1.5M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0161%	1h	2,774	+0.054%	$259.1M	$212.2M	50x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,772.3	−0.006%	$287.6M	$188.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0209%	1h	2,770.2	−0.084%	$7.3M	$1.2M	25x	as long as short