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+0.0062%/8h= +6.7% APRnext payment +$0.62 per $10,000 · paid last 24h −0.007%
Price spread now: KuCoin against Aster+0.003%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.003%, 7d avg −0.004%
Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, 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 ETHUSDT2,780.10.0038pay 0.0038% / 8h1h 40m$257.0M$989.8M200x
ShortKuCoin ETHUSDTM2,780.20.0100get 0.0100% / 8h1h 40m$426.7M$737.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$12.93
Price spread: +0.003% → −0.004%
$0.68
Slippage, 4 orders
−$1.04
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$7.43
Costs to cover
0.210%
Break-even
11.0 days
Slippage from Aster: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago0.02 bp4.0 bp −$45.2 bp −$525.6 bp −$56410.9 bp −$5,441
Sell KuCoin live order book, 4 min ago0.02 bp7.0 bp −$77.9 bp −$7910.7 bp −$1,073doesn't fit

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%43m2,780.3+0.008%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.015%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.021%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.159%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8+0.025%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,777.2−0.106%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4+0.009%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.213%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5−0.022%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,780.3+0.006%$22.5M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,780.3+0.006%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.7+0.021%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.012%$13.2M200xas long as short
Aster ETHUSDTlong+0.0038%8h2,780.1long leg$257.0M$989.8M200x
Bullet ETH-USD+0.0040%1h2,780−0.005%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.020%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.172%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,780.6+0.018%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.3+0.007%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,781+0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.4+0.010%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.6−0.019%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,780.5+0.015%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.8+0.061%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.077%$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,780.4+0.012%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.040%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.025%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.1+0.108%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.021%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780−0.004%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.073%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.044%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTMshort+0.0100%8h2,780.2+0.003%$426.7M$737.4M100x
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.008%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.226%$135.8M$327.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.116%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.129%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.128%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.007%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.038%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.075%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780−0.003%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.041%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.019%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4−0.026%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.4−0.024%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.026%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.035%$258.4M$221.6M50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.069%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.061%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,781.5+0.050%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.020%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6−0.017%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.021%$7.4M$1.1M25xas long as short