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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment $0.27 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against Aster−0.022%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.185% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.022% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,7360.0081pay 0.0081% / 8h4h 57m$253.1M$840.4M200x
ShortBingX ETH-USDT2,735.40.0054get 0.0054% / 8h4h 57m$1.14B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$5.66
Price spread: −0.022% → 0.000%
−$2.2
Slippage, 4 orders
−$0.45
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$26.31
Costs to cover
0.185%
Break-even
never at this rate
Slippage from Aster: live order book, 6 min ago; BingX: live order book, 11 min ago.

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, 6 min ago0.09 bp4.1 bp −$44.3 bp −$435.8 bp −$57611.7 bp −$5,847
Sell BingX live order book, 11 min ago0.04 bp5.0 bp −$55.0 bp −$505.8 bp −$5806.9 bp −$3,439

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
Injective ETH/USDC PERP−0.0141%1h2,738.7+0.099%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740.6+0.169%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738+0.075%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,737.2+0.043%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,739.7+0.136%$301K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738+0.075%$25.3M200xas long as short
01 Exchange ETHUSD+0.0008%1h2,738.8+0.103%$182K$834K50xas long as short
Phoenix ETH+0.0017%1h2,741.1+0.187%$847K$2.9M25xas long as short
SoDEX ETH-USD+0.0027%1h2,737.3+0.048%$54.5M$187.6M40xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.149%$8.8M$30.7M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDTshort+0.0054%8h2,735.4−0.022%$1.14B
OKX ETH-USDT-SWAP+0.0069%8h2,734.5−0.055%$1.69B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,735.7−0.011%$380.7M$573.7M100xas long as short
Aster ETHUSDTlong+0.0081%8h2,736long leg$253.1M$840.4M200x
Bullet ETH-USD+0.0084%1h2,737.8+0.065%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0088%1h2,735.3−0.025%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0090%8h2,734.3−0.062%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0090%8h2,735.1−0.033%$6.35B$15.69B150xas long as short
Lighter ETH+0.0096%1h2,736.2+0.007%$112.3M$429.6M50xas long as short
Lighter RH ETH+0.0096%1h2,737.1+0.042%$24.5M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,740.7+0.173%$30.4M500xas long as short
RISEx ETH/USDC+0.0099%1h2,739.4+0.124%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.2+0.079%$15.9M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.9+0.107%$493K$3.1M50xas long as short
HTX ETH-USDT+0.0100%8h2,736.7+0.026%$1.06B$1.18B200xas long as short
Nado ETH-PERP+0.0100%1h2,738.2+0.081%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.5+0.056%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,736.2+0.008%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,733.9−0.075%$2.42B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.3+0.158%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.6+0.131%$2.8M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.137%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.8−0.007%$3.39B$8.65B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.6−0.013%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5−0.017%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,739+0.109%$133.0M$324.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,738.7+0.101%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.9+0.142%$159.3M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.121%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.129%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3+0.121%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,739.1+0.114%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.5+0.057%$960K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,736.8+0.031%$265.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,733.8−0.079%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739+0.109%$54.0M$4.25B50xas long as short
Aftermath Perps ETHUSD+0.0137%1h2,740.7+0.172%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0137%1h2,738.6+0.096%$260.0M$194.8M50xas long as short
Kalshi KXETHPERP+0.0158%8h2,739.6+0.132%$7.6M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,739.7+0.135%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0210%8h2,739.4+0.125%$285.5M$177.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737.7+0.063%$86.0M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,737.1+0.040%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.1+0.115%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.3321%1h2,765.3+1.071%$21K$20K25xas long as short