Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h 0.000%

Price spread now: StandX against Aster+0.070%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$190.192% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.070%, 7d avg +0.012%

Together, before fees−0.002%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board$0 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 StandX is 0.059% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,765.2	0.0039	pay 0.0039% / 8h	2h 41m	$255.4M	$996.0M	200x
Short	StandX ETH-USD	2,767.1	0.0100	get 0.0013% / 1h	41m 31s	$21.4M	$57.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $12.84
Price spread: +0.070% → +0.012%: $5.86
Slippage, 4 orders: −$3.24
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$0.54
Costs to cover: 0.192%
Break-even: 7.3 days

Slippage from Aster: live order book, 3 min ago; StandX: live order book, 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	4.0 bp −$4	4.3 bp −$43	6.1 bp −$611	11.4 bp −$5,705
Sell StandX live order book, 3 min ago	1.08 bp	5.4 bp −$5	7.2 bp −$72	12.0 bp −$1,199	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	2,767	+0.065%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0119%	1h	2,768.2	+0.108%	$10.5M	$30.9M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,770.7	+0.200%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,767.6	+0.088%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0064%	1h	2,765.4	+0.009%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,771.3	+0.222%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,766	+0.030%	$5.8M	$11.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,765.9	+0.027%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.3	+0.078%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0022%	8h	2,766.4	+0.045%	$266.2M	$66.0M	150x	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	+0.0023%	8h	2,765	−0.005%	$1.70B	$11.83B	100x	as long as short
Aftermath Perps ETHUSD	+0.0026%	1h	2,770.8	+0.205%	$29K	$21K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,767.3	+0.076%	$13.1M	—	200x	as long as short
Aster ETHUSDTlong	+0.0039%	8h	2,765.2	long leg	$255.4M	$996.0M	200x
MEXC ETH_USDT	+0.0044%	8h	2,765.3	+0.006%	$1.60B	$2.64B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,765.4	+0.009%	$6.43B	$17.19B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,764.4	−0.027%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0060%	8h	2,765.3	+0.006%	$3.29B	$9.58B	200x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,765.1	−0.003%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0083%	1h	2,766.5	+0.048%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,771.1	+0.214%	$141.1M	$318.8M	—	as long as short
Lighter ETH	+0.0096%	1h	2,765.6	+0.017%	$114.9M	$510.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,766.8	+0.058%	$25.3M	$121.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,767.4	+0.082%	—	$41.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,764.8	−0.012%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,765.9	+0.027%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,767.1	+0.071%	$15.0M	$116.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,767.4	+0.081%	$3.18B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,765.7	+0.020%	$31.2M	$283.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,765.4	+0.007%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,765.4	+0.009%	$2.8M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,767.7	+0.093%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.5	+0.014%	$164.9M	$254.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,765.2	+0.001%	$425.3M	$742.4M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,764.9	−0.009%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,766.4	+0.043%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.1	+0.142%	$178.0M	$791.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.5	+0.122%	$161.0M	$97.4M	50x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,767.1	+0.070%	$21.4M	$57.7M	40x
Vest ETH-PERP	+0.0100%	1h	2,767.7	+0.092%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.8	+0.095%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.3	+0.078%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.9	+0.135%	$42.8M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,765.7	+0.018%	$970K	$14.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,766.4	+0.045%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,765.7	+0.018%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,764.9	−0.011%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,768	+0.103%	$60.0M	$4.63B	50x	as long as short
Kalshi KXETHPERP	+0.0118%	8h	2,767.6	+0.088%	$8.6M	$672.0M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0129%	1h	2,768.4	+0.116%	$259.0M	$223.5M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0130%	8h	2,769.2	+0.147%	$32.5M	$11.9M	100x	as long as short
BloFin ETH-USDT	+0.0164%	8h	2,767.2	+0.075%	$286.5M	$195.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,765.6	+0.014%	$7.5M	$989K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,767.7	+0.092%	$88.3M	$330.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0408%	1h	2,769.5	+0.158%	$272K	$1.5M	20x	as long as short