Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.022%

Price spread now: gTrade (Gains Network) against Aster+0.027%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.165% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.027%, 7d avg 0.000%

Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.026% dearer against Aster than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of 0.000%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,768.3	0.0049	pay 0.0049% / 8h	7h 20m	$256.0M	$885.2M	200x
Short	gTrade (Gains Network) ETH/USD	2,769	L +0.0006% / S −0.0006%	get 0.0001% / 1h	20m 52s	$22.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.027%Rate

Funding earned: −$8.96
Price spread: +0.027% → 0.000%: $2.63
Slippage, 4 orders: −$1.47
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$22.8
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	0.02 bp	4.2 bp −$4	4.5 bp −$45	6.4 bp −$637	11.6 bp −$5,781
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,445

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,776.9	+0.312%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,768.2	−0.001%	$5.6M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,768.3	0.000%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.6	+0.048%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,768.3	+0.001%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,772	+0.135%	$873K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.2	+0.034%	$12.2M	$43.2M	50x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	2,769	+0.027%	$22.4M	—	200x
Bullet ETH-USD	+0.0020%	1h	2,768.2	−0.002%	$185K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0028%	8h	2,767.9	−0.013%	$1.71B	$11.14B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0034%	1h	2,768.7	+0.016%	$55.2M	$188.0M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,768.8	+0.021%	$12.7M	—	200x	as long as short
Aster ETHUSDTlong	+0.0049%	8h	2,768.3	long leg	$256.0M	$885.2M	200x
Gate ETH_USDT	+0.0058%	8h	2,768.4	+0.006%	$3.37B	$9.04B	200x	as long as short
Phemex ETHUSDT	+0.0062%	8h	2,768.1	−0.006%	$269.4M	$67.4M	150x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,768.2	−0.002%	$6.48B	$16.29B	150x	as long as short
MEXC ETH_USDT	+0.0063%	8h	2,768.3	+0.003%	$1.62B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,768.4	+0.004%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0071%	1h	2,772.5	+0.154%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,768	−0.008%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,770	+0.064%	$60.3M	$4.42B	50x	as long as short
Vest ETH-PERP	+0.0083%	1h	2,769	+0.027%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,768.2	−0.004%	$420.1M	$619.9M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,769.3	+0.039%	$114.9M	$458.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.8	+0.055%	$25.6M	$111.7M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0097%	1h	2,770.3	+0.073%	$259.1M	$204.8M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.6	+0.084%	$15.9M	$8.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.6	+0.012%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,768	−0.008%	$14.6M	$113.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.2	+0.070%	$3.17B	$2.18B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.7	+0.016%	$31.2M	$325.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.5	+0.007%	$2.51B	$4.35B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,767.3	−0.035%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.8	+0.018%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.8	+0.166%	$170.3M	$276.6M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,768.5	+0.007%	—	$1.21B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.1	−0.005%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	+0.010%	$137.0M	$344.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.9	+0.130%	$182.0M	$784.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775.8	+0.271%	$161.4M	$84.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.6	+0.122%	$8.7M	$32.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.8	+0.092%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,768.5	+0.009%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,768.9	+0.022%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.7	+0.090%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.5	+0.007%	$970K	$13.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.3	0.000%	$1.08B	$1.25B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.1	−0.005%	$31.0M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,769.8	+0.054%	—	$36.2M	500x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,769.8	+0.056%	$8.1M	$679.5M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,770.3	+0.074%	$95.9M	$319.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,771	+0.099%	$252K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0154%	8h	2,771.3	+0.108%	$32.6M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,768.7	+0.016%	$287.1M	$181.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0212%	1h	2,768.3	+0.001%	$7.3M	$1.1M	25x	as long as short