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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.001%
Price spread now: Extended against Aster−0.027%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$130.134% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 7 days−0.001%$0 · spread now −0.027%, 7d avg −0.054%
Together, before fees+0.071%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$7 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 Extended is 0.026% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,776.30.0033pay 0.0033% / 8h1h 02m$254.7M$995.2M200x
ShortExtended ETH-USD2,775.60.0104get 0.0013% / 1h2m 20s$32.6M$77.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$14.91
Price spread: −0.027% → −0.054%
$2.65
Slippage, 4 orders
−$0.42
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$4.14
Costs to cover
0.134%
Break-even
5.1 days
Slippage from Aster: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago0.02 bp4.0 bp −$45.1 bp −$516.5 bp −$64611.2 bp −$5,590
Sell Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$273.4 bp −$34510.1 bp −$5,058

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%43m2,776.6+0.011%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.8−0.017%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.025%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.166%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5+0.007%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.027%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.026%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.7−0.023%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777+0.025%$22.4M200xas long as short
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.048%$258.7M$222.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,776.1−0.006%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2−0.004%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3+0.001%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.9+0.020%$12.9M200xas long as short
Aster ETHUSDTlong+0.0033%8h2,776.3long leg$254.7M$995.2M200x
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.199%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0056%1h2,776−0.013%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,773.9−0.088%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,776−0.010%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.1−0.008%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1−0.008%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776−0.011%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.1−0.006%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.017%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776.4+0.004%$2.52B$4.62B150xas long as short
BingX ETH-USDT+0.0092%8h2,776.3−0.002%$1.21Bas long as short
KuCoin ETHUSDTM+0.0094%8h2,776.1−0.007%$422.3M$739.4M100xas long as short
Lighter ETH+0.0096%1h2,776.7+0.013%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.2+0.067%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.8+0.016%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.9−0.014%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5+0.007%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.7+0.086%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.8+0.019%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.8−0.019%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.4+0.037%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.198%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.004%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.094%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,774.2−0.076%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.022%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.021%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.032%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.027%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.081%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.037%$974K$14.0M100xas long as short
Extended ETH-USDshort+0.0104%1h2,775.6−0.027%$32.6M$77.5M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.8+0.019%$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.041%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.028%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.1+0.099%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.037%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5+0.008%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,775.8−0.017%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,778.3+0.071%$270K$1.5M20xas long as short