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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.60 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against Aster−0.008%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.192% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.008%, 7d avg −0.006%
Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,7770.0032pay 0.0032% / 8h1h 03m$256.0M$995.1M200x
ShortBybit ETHUSDT2,776.80.0092get 0.0092% / 8h1h 03m$2.52B$4.62B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$12.56
Price spread: −0.008% → −0.006%
−$0.18
Slippage, 4 orders
−$0.18
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$6.8
Costs to cover
0.192%
Break-even
10.8 days
Slippage from Aster: live order book, 6 min ago; Bybit: 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 ago0.02 bp4.0 bp −$44.5 bp −$455.2 bp −$52410.2 bp −$5,078
Sell Bybit live order book, 11 min ago0.02 bp5.5 bp −$66.5 bp −$657.6 bp −$76410.7 bp −$5,356

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%43m2,777.3+0.013%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,777.6+0.021%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.3+0.011%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.190%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,777.4+0.015%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,778.6+0.057%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.050%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0003%1h2,775.3−0.060%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.4+0.013%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0017%8h2,776.7−0.011%$1.70B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0022%8h2,776.9−0.005%$270.5M$68.8M150xas long as short
Bullet ETH-USD+0.0023%1h2,776.4−0.021%$183K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2+0.008%$12.9M200xas long as short
Aster ETHUSDTlong+0.0032%8h2,777long leg$256.0M$995.1M200x
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.223%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0055%1h2,776.9−0.002%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.5−0.091%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,776.5−0.016%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0060%8h2,776.6−0.013%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0062%1h2,776.5−0.018%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776.5−0.018%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.5−0.016%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,776.6−0.015%$1.08B$1.32B200xas long as short
Bybit ETHUSDTshort+0.0092%8h2,776.8−0.008%$2.52B$4.62B150x
BingX ETH-USDT+0.0092%8h2,776.6−0.014%$1.20Bas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.3+0.048%$258.7M$222.7M50xas long as short
KuCoin ETHUSDTM+0.0095%8h2,777.2+0.006%$422.1M$739.3M100xas long as short
Lighter ETH+0.0096%1h2,778.3+0.047%$115.3M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,779.4+0.085%$25.5M$122.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.8+0.028%$41.6M500xas long as short
Vest ETH-PERP+0.0098%1h2,777.2+0.009%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,778+0.036%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.4+0.015%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.1+0.076%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1+0.041%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2+0.008%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.2+0.080%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.222%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.5+0.018%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.118%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,774.2−0.100%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.047%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9−0.003%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.8+0.029%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.3+0.011%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.068%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6−0.014%$973K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,776.1−0.033%$32.6M$77.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.035%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,777.4+0.015%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.4+0.087%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.8+0.031%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0179%8h2,775.4−0.056%$285.1M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0195%1h2,776.5−0.017%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,778.1+0.040%$270K$1.5M20xas long as short