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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.018%
Price spread now: Bluefin against Aster+0.038%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bluefin is 0.038% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,774.60.0036pay 0.0036% / 8h34m 46s$256.5M$1.00B200x
ShortBluefin ETH-PERP2,775.60.0100get 0.0013% / 1h34m 46s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$13.46
Price spread: +0.038% → 0.000%
$3.78
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$2.24
Costs to cover
0.150%
Break-even
5.8 days
Slippage unknown: Aster: live order book, 4 min ago; Bluefin: no order-book sample. Net counts fees only.

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, 4 min ago0.02 bp4.0 bp −$44.1 bp −$415.3 bp −$53011.7 bp −$5,838
Sell Bluefin no order-book sample
Bluefin: 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 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%43m2,775.9+0.046%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,775.5+0.033%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.264%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776+0.051%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0050%1h2,776.9+0.085%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.9+0.048%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,776.1+0.054%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.145%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.5+0.033%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,779+0.158%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,774.3−0.009%$1.21Bas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,774.3−0.010%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.7+0.040%$12.9M200xas long as short
Phemex ETHUSDT+0.0031%8h2,774.5−0.002%$270.5M$69.0M150xas long as short
Aster ETHUSDTlong+0.0036%8h2,774.6long leg$256.5M$1.00B200x
Deribit ETH-PERPETUAL+0.0045%1h2,776+0.052%$259.0M$222.4M50xas long as short
Bullet ETH-USD+0.0049%1h2,774.8+0.009%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0053%1h2,774.1−0.017%$55.2M$229.1M40xas long as short
MEXC ETH_USDT+0.0063%8h2,774.6−0.001%$1.59B$2.64B500xas long as short
Binance ETHUSDT+0.0064%8h2,774.5−0.004%$6.46B$17.29B150xas long as short
Aevo ETH-PERP+0.0064%1h2,772.1−0.088%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,774.60.000%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0070%8h2,774.8+0.006%$3.30B$9.63B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,774.9+0.010%$421.8M$739.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775.4+0.030%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,774.5−0.003%$2.51B$4.63B150xas long as short
HTX ETH-USDT+0.0094%8h2,775+0.015%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0095%1h2,775.9+0.047%$1.1M50xas long as short
Lighter ETH+0.0096%1h2,775.5+0.033%$116.0M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.075%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.5+0.071%$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.1−0.016%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.7+0.041%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.4+0.030%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.4+0.102%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775+0.015%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.2−0.013%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.7+0.042%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.119%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775+0.016%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.043%$147.4M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.078%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.069%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,777.5+0.106%$21.5M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.7+0.041%$10.7M$8.0M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,775.6+0.038%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,777+0.089%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775+0.015%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,774.3−0.008%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0119%8h2,776.1+0.055%$8.3M$685.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.3+0.028%$86.5M$333.6M100xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,777.2+0.093%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0184%8h2,775+0.015%$286.5M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0200%1h2,774.7+0.006%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,777.2+0.094%$252K$1.6M20xas long as short