Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.039%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.039%, 7d avg +0.007%

Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 Polymarket Perps is 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,777	0.0033	pay 0.0033% / 8h	1h 24m	$256.3M	$991.4M	200x
Short	Polymarket Perps ETH-USD	2,778.1	0.0100	get 0.0013% / 1h	24m 21s	$10.8M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $14.03
Price spread: +0.039% → +0.007%: $3.22
Slippage, 4 orders: −$0.72
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $0.53
Costs to cover: 0.167%
Break-even: 6.7 days

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 5 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, 5 min ago	0.02 bp	4.0 bp −$4	4.8 bp −$48	5.9 bp −$591	10.3 bp −$5,132
Sell Polymarket Perps live order book, 5 min ago	0.18 bp	4.5 bp −$4	5.9 bp −$59	14.6 bp −$1,457	doesn't fit

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
Perpl ETH	−0.0447%	43m	2,776.9	−0.005%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776.2	−0.029%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.8	−0.188%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,771.8	−0.188%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,777.3	+0.010%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0027%	1h	2,774.3	−0.096%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.6	+0.023%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,773.9	−0.112%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.8	+0.030%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0017%	8h	2,777	+0.001%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0021%	8h	2,776.3	−0.024%	$1.69B	$11.89B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,775.5	−0.055%	$269.8M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,777.7	+0.025%	$13.0M	—	200x	as long as short
Aster ETHUSDTlong	+0.0033%	8h	2,777	long leg	$256.3M	$991.4M	200x
Bullet ETH-USD	+0.0037%	1h	2,777	−0.002%	$181K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0056%	1h	2,776.8	−0.009%	$14.4M	$118.1M	50x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,777	0.000%	$1.62B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,777.1	+0.002%	$6.43B	$17.19B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,775.6	−0.051%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,776.8	−0.009%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,776.9	−0.004%	$3.29B	$9.63B	200x	as long as short
ApeX Omni ETHUSDT	+0.0073%	1h	2,772.4	−0.165%	$8.8M	$32.6M	100x	as long as short
SoDEX ETH-USD	+0.0076%	1h	2,774.7	−0.083%	$55.2M	$228.9M	40x	as long as short
Bybit ETHUSDT	+0.0093%	8h	2,776.6	−0.016%	$2.52B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,774.5	−0.090%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,778.5	+0.052%	$115.1M	$500.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,780	+0.106%	$25.4M	$121.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,778.8	+0.064%	—	$41.6M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0096%	1h	2,776.5	−0.020%	$258.3M	$222.1M	50x	as long as short
KuCoin ETHUSDTM	+0.0097%	8h	2,776.9	−0.005%	$423.7M	$739.4M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,777.4	+0.012%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,777	0.000%	$477K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,779	+0.072%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.3	+0.047%	$31.2M	$299.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.7	−0.011%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,778.2	+0.042%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,767.4	−0.345%	$166.0M	$246.7M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.8	−0.042%	$15.2M	$44.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,771.9	−0.184%	$137.1M	$324.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.7	−0.227%	$181.3M	$782.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.9	−0.146%	$161.3M	$91.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.6	−0.087%	$21.4M	$58.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.9	−0.002%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USDshort	+0.0100%	1h	2,778.1	+0.039%	$10.8M	$7.6M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,777.6	+0.021%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777	−0.001%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773	−0.145%	$971K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.7	−0.046%	$32.8M	$77.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.1	−0.032%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0123%	8h	2,774.5	−0.090%	$8.4M	$678.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,779.2	+0.080%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,775.9	−0.040%	$86.0M	$331.7M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,774.5	−0.091%	$285.6M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,776.7	−0.010%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,775.8	−0.042%	$271K	$1.5M	20x	as long as short