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+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h −0.017%
Price spread now: Kalshi against Aster+0.021%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.191% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 7 days+0.013%+$1 · spread now +0.021%, 7d avg −0.013%
Together, before fees−0.056%+ Points / potential airdropAster: Stage 5 · farm board−$6 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 Kalshi is 0.034% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,764.10.0038pay 0.0038% / 8h2h 38m$255.5M$995.4M200x
ShortKalshi KXETHPERP2,764.70.0117get 0.0117% / 8h6h 38m$8.6M$672.5M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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
$16.63
Price spread: +0.021% → −0.013%
$3.42
Slippage, 4 orders
−$1.12
Fee Aster: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$0.93
Costs to cover
0.191%
Break-even
6.6 days
Slippage from Aster: live order book, 5 min ago; Kalshi: live order book, 5 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, 5 min ago0.02 bp4.0 bp −$44.3 bp −$436.1 bp −$61111.4 bp −$5,705
Sell Kalshi live order book, 5 min ago0.18 bp5.7 bp −$67.0 bp −$7010.3 bp −$1,03517.2 bp −$8,592

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−0.0112%43m2,764.5+0.012%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.072%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.1+0.072%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2+0.041%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,763.3−0.029%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,766.8+0.097%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,763.2−0.031%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,764−0.002%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,764.2+0.003%$22.3M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,764.6+0.018%$1.70B$11.82B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,768.6+0.161%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,764.1+0.001%$13.0M200xas long as short
Phemex ETHUSDT+0.0030%8h2,763.3−0.029%$265.9M$66.0M150xas long as short
Aster ETHUSDTlong+0.0038%8h2,764.1long leg$255.5M$995.4M200x
MEXC ETH_USDT+0.0045%8h2,764.7+0.022%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0045%8h2,764.4+0.012%$6.43B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,761.3−0.102%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0062%8h2,763.5−0.021%$3.28B$9.59B200xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,764.9+0.028%$258.4M$224.4M50xas long as short
Bitget ETHUSDT+0.0074%8h2,763.7−0.014%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0085%1h2,763.3−0.028%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4+0.046%$140.3M$319.1Mas long as short
Lighter ETH+0.0096%1h2,764.3+0.008%$115.3M$510.9M50xas long as short
Lighter RH ETH+0.0096%1h2,765.6+0.055%$25.3M$122.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,763.9−0.007%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,763.6−0.017%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,763.5−0.022%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,763.5−0.021%$14.8M$116.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.4+0.083%$3.18B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,765.1+0.036%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,764.5+0.014%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.6+0.018%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,765.4+0.046%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.052%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,763.1−0.037%$424.0M$742.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,763.6−0.018%$1.19Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.3−0.030%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,765.4+0.046%$177.8M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7+0.058%$160.8M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,766.5+0.086%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.8+0.025%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,764.4+0.010%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.8+0.062%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.6+0.016%$969K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,763−0.040%$55.0M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,762.9−0.043%$1.07B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,764.7+0.022%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,762.9−0.045%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,764.6+0.018%$60.0M$4.62B50xas long as short
Kalshi KXETHPERPshort+0.0117%8h2,764.7+0.021%$8.6M$672.5M4.9x
Orderly PERP_ETH_USDC+0.0131%8h2,766.1+0.073%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,763.1−0.036%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,762.4−0.061%$7.4M$986K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,764.3+0.005%$88.2M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,767.9+0.137%$272K$1.5M20xas long as short