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+0.0067%/8h= +7.4% APRnext payment +$0.67 per $10,000 · paid last 24h −0.004%
Price spread now: SunX against Aster−0.078%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.078%, 7d avg −0.030%
Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.047% cheaper against Aster than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.030%). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,777.60.0033pay 0.0033% / 8h1h 01m$254.8M$995.4M200x
ShortSunX ETH-USDT2,775.50.0100get 0.0100% / 8h1h 01m$974K$14.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$14.12
Price spread: −0.078% → −0.030%
−$4.74
Slippage, 4 orders
−$3.36
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$9.98
Costs to cover
0.194%
Break-even
11.9 days
Slippage from Aster: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago0.02 bp4.0 bp −$45.1 bp −$516.5 bp −$64611.2 bp −$5,590
Sell SunX live order book, 8 min ago0.61 bp5.1 bp −$55.3 bp −$536.9 bp −$6878.8 bp −$4,400

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%43m2,776.6−0.037%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.7−0.070%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.6−0.037%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.213%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.7−0.033%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1−0.020%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.073%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD0.0000%1h2,775.9−0.061%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5−0.005%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0018%8h2,778.6+0.035%$1.70B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0022%1h2,776.2−0.051%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.9−0.027%$270.5M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2−0.013%$12.9M200xas long as short
Aster ETHUSDTlong+0.0033%8h2,777.6long leg$254.8M$995.4M200x
Deribit ETH-PERPETUAL+0.0034%1h2,778.1+0.016%$258.7M$222.7M50xas long as short
Nado ETH-PERP+0.0056%1h2,776.1−0.055%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.2−0.124%$5.0M$636K20xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.002%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,778.6+0.034%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,777.2−0.015%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.5−0.040%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0065%8h2,778.5+0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,776.6−0.038%$3.30B$9.69B200xas long as short
BingX ETH-USDC+0.0076%8h2,778.1+0.017%$17.4Mas long as short
HTX ETH-USDT+0.0088%8h2,776.4−0.044%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,778.9+0.046%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,776.5−0.040%$422.4M$739.2M100xas long as short
Lighter ETH+0.0096%1h2,776.9−0.025%$115.2M$503.6M50xas long as short
Lighter RH ETH+0.0096%1h2,778.5+0.033%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,776.7−0.031%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.1−0.053%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5−0.040%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.046%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.8−0.030%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6−0.073%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.1−0.018%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.244%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.6+0.037%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.141%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,777−0.021%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.069%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.047%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4−0.008%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.3−0.011%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.048%$42.8M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,775.5−0.078%$974K$14.0M100x
Extended ETH-USD+0.0104%1h2,776−0.057%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777−0.024%$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.002%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,776.8−0.029%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.4+0.064%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.60.000%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.042%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776−0.060%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.7+0.003%$270K$1.5M20xas long as short