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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.016%
Price spread now: Derive against Aster+0.049%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.131%+$13 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.049%, 7d avg +0.045%
Together, before fees+0.119%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, 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 ETHUSDT2,749.90.0043pay 0.0043% / 8h6h 51m$255.8M$854.7M200x
ShortDerive ETH-PERP2,751.20.0100get 0.0013% / 1h51m 46s$42.0M$29.0M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$12.07
Price spread: +0.049% → +0.045%
$0.37
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$1.55
Costs to cover
0.140%
Break-even
7.9 days
Slippage unknown: Aster: live order book, 2 min ago; Derive: 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, 2 min ago0.02 bp4.0 bp −$44.0 bp −$405.1 bp −$50911.0 bp −$5,487
Sell Derive no order-book sample—————
Derive: 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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.053%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,750+0.004%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750.6+0.027%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.7+0.031%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.1−0.029%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.227%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.025%$10.9M$41.8M50xas long as short
01 Exchange ETHUSD0.0000%1h2,751+0.041%$181K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.6−0.047%$22.2M—200xas long as short
BingX ETH-USDC+0.0027%8h2,750.4+0.021%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0035%8h2,749.8−0.002%$1.67B$11.08B100xas long as short
HTX ETH-USDT+0.0038%8h2,749.1−0.030%$1.07B$1.23B200xas long as short
Aster ETHUSDTlong+0.0043%8h2,749.9long leg$255.8M$854.7M200x
MEXC ETH_USDT+0.0055%8h2,751.1+0.044%$1.58B$2.53B500xas long as short
Binance ETHUSDT+0.0055%8h2,750.9+0.036%$6.37B$16.32B150xas long as short
Aevo ETH-PERP+0.0056%1h2,747.3−0.094%$4.9M$163K20xas long as short
Gate ETH_USDT+0.0067%8h2,751.1+0.046%$3.33B$8.71B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,750.9+0.036%$385.1M$607.1M100xas long as short
Bitget ETHUSDT+0.0083%8h2,749.9+0.003%$2.07B$2.86B150xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,751+0.039%$258.8M$202.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.2+0.050%$59.6M$4.39B50xas long as short
Aftermath Perps ETHUSD+0.0089%1h2,750+0.005%$30K$21K20xas long as short
Variational Omni ETH+0.0095%8h2,741.6−0.302%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,749.1−0.026%$113.2M$438.9M50xas long as short
Lighter RH ETH+0.0096%1h2,750.9+0.039%$25.0M$105.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750.1+0.007%—$35.7M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.4+0.127%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.6−0.010%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750.1+0.008%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,752.3+0.088%$3.13B$2.14B25xas long as short
Pacifica ETH+0.0100%1h2,750.3+0.016%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750.5+0.023%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.2−0.024%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,751.2+0.047%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.101%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749.7−0.005%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.059%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.9−0.361%$159.3M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,745.9−0.144%$21.2M$65.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8−0.002%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.9+0.001%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7−0.042%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.3−0.020%$21K$22K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,751.2+0.049%$42.0M$29.0M15x
SunX ETH-USDT+0.0100%8h2,749.1−0.026%$963K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.6−0.010%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,749.8−0.003%$267.4M$66.2M150xas long as short
Extended ETH-USD+0.0104%1h2,750.1+0.007%$30.5M$74.2M50xas long as short
Kalshi KXETHPERP+0.0130%8h2,750+0.005%$7.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0160%8h2,751.5+0.060%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,748.1−0.065%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,747.3−0.092%$286.1M$178.5M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.5−0.195%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.3−0.022%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751+0.041%$93.1M$319.7M100xas long as short