Settings8H · net · $10k
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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 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h −0.009%
Price spread now: Phemex against Aster+0.015%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Long on AsterShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.015%, 7d avg −0.014%
Together, before fees−0.073%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phemex is 0.029% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,718.70.0084pay 0.0084% / 8h2h 31m$251.5M$843.9M200x
ShortPhemex ETHUSDT2,719.10.0095get 0.0095% / 8h2h 31m$262.8M$64.3M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$2.34
Price spread: +0.015% → −0.014%
$2.94
Slippage, 4 orders
−$0.07
Fee Aster: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$14.79
Costs to cover
0.201%
Break-even
51.3 days
Slippage from Aster: live order book, 2 min ago; Phemex: 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 −$44.0 bp −$404.9 bp −$49211.5 bp −$5,740
Sell Phemex live order book, 2 min ago0.02 bp6.0 bp −$66.6 bp −$669.5 bp −$95112.9 bp −$6,434

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%43m2,720.2+0.058%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2−0.017%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,718.4−0.008%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.7+0.038%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.108%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,719.8+0.041%$30.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.105%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0011%1h2,720.4+0.064%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,719.7+0.038%$258.7M$206.2M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,720.6+0.072%$186K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0033%8h2,718.2−0.015%—$1.14B—as long as short
Bybit ETHUSDT+0.0042%8h2,717.5−0.041%$2.35B$4.41B150xas long as short
SunX ETH-USDT+0.0069%8h2,719.6+0.036%$953K$11.2M100xas long as short
Bullet ETH-USD+0.0070%1h2,719.1+0.016%$179K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,721.9+0.118%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0075%8h2,718.4−0.008%$374.3M$577.9M100xas long as short
Aster ETHUSDTlong+0.0084%8h2,718.7long leg$251.5M$843.9M200x
Aevo ETH-PERP+0.0088%1h2,715.9−0.102%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,717.4−0.046%$1.66B$10.77B100xas long as short
Binance ETHUSDT+0.0091%8h2,718.4−0.010%$6.29B$16.07B150xas long as short
MEXC ETH_USDT+0.0092%8h2,718.4−0.009%$1.56B$2.58B500xas long as short
Phemex ETHUSDTshort+0.0095%8h2,719.1+0.015%$262.8M$64.3M150x
Lighter ETH+0.0096%1h2,719.2+0.021%$111.2M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,720.7+0.075%$23.3M$103.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.6+0.035%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.8+0.153%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,720.2+0.057%$13.8M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.3+0.097%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,720.9+0.082%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,718.6−0.002%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.8+0.078%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719+0.011%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.3−0.011%$3.30B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,717.7−0.036%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718.6−0.001%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.169%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.201%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.182%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.218%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,718−0.024%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,720.6+0.071%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,720.9+0.083%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719.7+0.039%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.9+0.044%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,718.7+0.002%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.8−0.030%$30.5M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.3+0.062%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,720.4+0.063%$49.7M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,720.8+0.079%$5.5M$11.8M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,720+0.050%$6.5M$691.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,719.4+0.027%$82.7M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,721.2+0.095%$32.0M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,718.3−0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.064%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,717.8−0.032%$281.2M$174.1M150xas long as short