Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h 0.000%

Price spread now: Arcus against Aster+0.049%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.049%, 7d avg +0.020%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Arcus is 0.028% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,768.4	0.0032	pay 0.0032% / 8h	1h 57m	$256.0M	$994.0M	200x
Short	Arcus ETH-USD	2,769.8	0.0100	get 0.0013% / 1h	57m 31s	$2.8M	$17.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.049%Rate

Funding earned: $14.32
Price spread: +0.049% → +0.020%: $2.84
Slippage, 4 orders: −$1.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $2.8
Costs to cover: 0.144%
Break-even: 5.6 days

Slippage from Aster: live order book, 2 min ago; Arcus: 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 Aster live order book, 2 min ago	0.02 bp	4.1 bp −$4	4.4 bp −$44	5.1 bp −$507	11.2 bp −$5,595
Sell Arcus live order book, 2 min ago	0.27 bp	2.9 bp −$3	3.3 bp −$33	5.3 bp −$529	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
Perpl ETH	−0.0447%	43m	2,767.7	−0.027%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,768	−0.015%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768	−0.015%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,768.6	+0.007%	$169K	$1.2M	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,769.5	+0.039%	$119K	$22.5M	52x	as long as short
Phoenix ETH	−0.0023%	1h	2,770.5	+0.075%	$884K	$3.6M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770	+0.058%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0003%	1h	2,770.7	+0.082%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.2	+0.100%	$22.4M	—	200x	as long as short
Hibachi ETH/USDT-P	+0.0008%	1h	2,770.8	+0.085%	$279K	$1.5M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ETH-PERP	+0.0010%	1h	2,768.2	−0.010%	$14.3M	$118.8M	50x	as long as short
BingX ETH-USDT	+0.0017%	8h	2,767.9	−0.019%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0023%	8h	2,768.7	+0.011%	$1.71B	$11.84B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.1	+0.096%	$13.2M	—	200x	as long as short
Bullet ETH-USD	+0.0031%	1h	2,769.9	+0.053%	$183K	$1.8M	20x	as long as short
Aster ETHUSDTlong	+0.0032%	8h	2,768.4	long leg	$256.0M	$994.0M	200x
ApeX Omni ETHUSDT	+0.0034%	1h	2,770.6	+0.079%	$8.7M	$32.6M	100x	as long as short
Phemex ETHUSDT	+0.0039%	8h	2,768.3	−0.005%	$266.7M	$66.0M	150x	as long as short
SoDEX ETH-USD	+0.0045%	1h	2,767.5	−0.033%	$55.1M	$228.6M	40x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,765.3	−0.112%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0052%	8h	2,769.5	+0.039%	$1.59B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0052%	8h	2,768.2	−0.007%	$6.42B	$17.20B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0053%	1h	2,769.1	+0.025%	$258.4M	$225.1M	50x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,769	+0.021%	$2.10B	$3.12B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,768	−0.014%	$3.28B	$9.53B	200x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,767.6	−0.031%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,769.4	+0.036%	$114.7M	$494.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770.8	+0.086%	$25.4M	$120.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771.8	+0.121%	—	$41.8M	500x	as long as short
Variational Omni ETH	+0.0099%	8h	2,770.9	+0.089%	$140.8M	$321.1M	—	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,768.6	+0.007%	$15.9M	$10.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.8	+0.014%	$481K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.1	+0.097%	$3.19B	$2.40B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.2	+0.029%	$31.2M	$293.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.7	+0.008%	$2.51B	$4.63B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,767.5	−0.033%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,769.8	+0.049%	$2.8M	$17.4M	25x
Bulk ETH-USD	+0.0100%	1h	2,771	+0.092%	$164.2M	$249.6M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,768.3	−0.005%	$421.8M	$741.3M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.1	−0.012%	$15.2M	$43.1M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.2	−0.009%	$179.4M	$778.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.5	+0.110%	$161.2M	$96.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.7	+0.046%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.5	+0.037%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.1	+0.097%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769	+0.020%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,769.8	+0.048%	$42.6M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	+0.041%	$971K	$14.1M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.6	−0.030%	$31.5M	$75.3M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,769.1	+0.026%	$59.8M	$4.61B	50x	as long as short
Kalshi KXETHPERP	+0.0109%	8h	2,769.7	+0.046%	$8.5M	$673.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,770.3	+0.069%	$32.5M	$12.1M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,768.8	+0.016%	$86.0M	$331.7M	100x	as long as short
BloFin ETH-USDT	+0.0173%	8h	2,771	+0.091%	$285.9M	$195.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,770	+0.057%	$7.3M	$1.1M	25x	as long as short