Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.004%
Price spread now: Aster against Bybit−0.005%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days+0.007%+$1 · spread now −0.005%, 7d avg +0.006%
Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,735.60.0073pay 0.0073% / 8h4h 32m$2.39B$4.35B150x
ShortAster ETHUSDT2,735.50.0082get 0.0082% / 8h4h 32m$251.6M$844.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$1.89
Price spread: −0.005% → +0.006%
−$1.11
Slippage, 4 orders
−$0.93
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$19.14
Costs to cover
0.199%
Break-even
77.7 days
Slippage from Bybit: live order book, 2 min ago; Aster: 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 Bybit live order book, 2 min ago0.02 bp5.5 bp −$65.5 bp −$556.5 bp −$6458.0 bp −$3,987
Sell Aster live order book, 2 min ago0.37 bp4.4 bp −$45.1 bp −$517.3 bp −$72713.6 bp −$6,804

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%43m2,735.2−0.015%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.173%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.9+0.010%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.4−0.044%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,736+0.013%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3+0.025%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,732−0.132%$829K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.6−0.038%$27.5M200xas long as short
Bullet ETH-USD+0.0007%1h2,734−0.059%$178K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,731.3−0.156%$8.9M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0058%8h2,735.3−0.012%$1.14Bas long as short
HTX ETH-USDT+0.0064%8h2,733.4−0.082%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,735.2−0.015%$380.1M$575.5M100xas long as short
SoDEX ETH-USD+0.0068%1h2,734.3−0.048%$54.5M$187.7M40xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,735.7+0.004%$1.67B$10.72B100xas long as short
Bybit ETHUSDTlong+0.0073%8h2,735.6long leg$2.39B$4.35B150x
Phemex ETHUSDT+0.0074%8h2,734.1−0.055%$265.7M$65.4M150xas long as short
Aevo ETH-PERP+0.0080%1h2,731.6−0.149%$4.9M$155K20xas long as short
Aster ETHUSDTshort+0.0082%8h2,735.5−0.005%$251.6M$844.2M200x
MEXC ETH_USDT+0.0087%8h2,735.6−0.002%$1.53B$2.56B500xas long as short
Binance ETHUSDT+0.0088%8h2,736+0.013%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,735.8+0.005%$113.0M$438.0M50xas long as short
Lighter RH ETH+0.0096%1h2,736.9+0.047%$23.3M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,733.5−0.078%$30.8M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,739.3+0.134%$15.5M$8.1M50xas long as short
RISEx ETH/USDC+0.0099%1h2,736.4+0.028%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.4−0.008%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.4−0.007%$13.8M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.4+0.102%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.3+0.025%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.3−0.121%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,736.2+0.022%$1.6M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.254%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.4−0.009%$3.35B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736+0.014%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.4−0.045%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.6−0.331%$133.1M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.218%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3−0.195%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,730.8−0.176%$21.1M$68.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.2+0.023%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.072%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.5−0.041%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.010%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.4−0.080%$957K$11.4M100xas long as short
Extended ETH-USD+0.0104%1h2,734.7−0.033%$30.3M$72.7M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735.8+0.006%$260.2M$196.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.8+0.006%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,731.6−0.146%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0146%8h2,733.5−0.077%$6.5M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,736.5+0.031%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,735.2−0.015%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.1−0.018%$83.5M$315.0M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,734.9−0.025%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,734−0.059%$283.4M$175.7M150xas long as short