Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.4% APRpaid last 24h +0.026%

Price spread now: Aster against Injective+0.065%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)+0.345%+$35 · spread now +0.065%, 7d avg −0.055%

Together, before fees+0.161%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.120% dearer against Injective than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.055%. Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,736.3	−0.0141	get 0.0018% / 1h	56m 59s	$117K	$22.5M	52x
Short	Aster ETHUSDT	2,738.1	0.0081	get 0.0081% / 8h	4h 56m	$253.3M	$840.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $46.7
Price spread: +0.065% → −0.055%: $11.97
Slippage, 4 orders: −$60.56
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.91
Costs to cover: 0.686%
Break-even: 8.5 days

Slippage from Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 2 min ago	14.57 bp	14.6 bp −$15	14.6 bp −$146	14.6 bp −$1,458	20914.3 bp −$10.46M
Sell Aster live order book, 2 min ago	0.02 bp	4.1 bp −$4	5.0 bp −$50	5.7 bp −$568	11.7 bp −$5,842

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
Injective ETH/USDC PERPlong	−0.0141%	1h	2,736.3	long leg	$117K	$22.5M	52x
Hotstuff ETH-PERP	−0.0080%	1h	2,736.7	+0.015%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,737.8	+0.054%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,737.2	+0.031%	$10.8M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,735.4	−0.033%	$181K	$834K	50x	as long as short
Perpl ETH	0.0000%	43m	2,735.4	−0.032%	$301K	$5.5M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,738.2	+0.069%	$25.3M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,739	+0.099%	$844K	$2.9M	25x	as long as short
ApeX Omni ETHUSDT	+0.0039%	1h	2,740.1	+0.137%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDT	+0.0054%	8h	2,738.9	+0.095%	—	$1.14B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0058%	1h	2,737.7	+0.051%	$54.5M	$187.6M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,738.6	+0.085%	$1.69B	$10.58B	100x	as long as short
Bullet ETH-USD	+0.0070%	1h	2,736.7	+0.013%	$181K	$1.7M	20x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,737.8	+0.056%	$380.9M	$573.7M	100x	as long as short
Aster ETHUSDTshort	+0.0081%	8h	2,738.1	+0.065%	$253.3M	$840.6M	200x
Aevo ETH-PERP	+0.0088%	1h	2,735	−0.048%	$4.9M	$154K	20x	as long as short
Backpack ETH_USDC_PERP	+0.0089%	1h	2,738.5	+0.079%	$15.0M	$39.6M	50x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,737.8	+0.054%	$1.56B	$2.52B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,738.4	+0.076%	$6.36B	$15.70B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,738	+0.063%	$112.3M	$429.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,739.5	+0.115%	$24.5M	$102.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,736	−0.012%	—	$30.5M	500x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,735.4	−0.033%	$5.6M	$11.4M	25x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,737.8	+0.055%	$1.06B	$1.18B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,738.2	+0.068%	$15.9M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,734	−0.084%	$499K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,734.7	−0.059%	$13.9M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,740.3	+0.146%	$3.11B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,736.2	−0.004%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,738.5	+0.079%	$2.43B	$4.18B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,734.4	−0.069%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,735.3	−0.037%	$2.8M	$16.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,739.7	+0.125%	$165.8M	$302.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739	+0.098%	$3.38B	$8.66B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,738.8	+0.091%	$2.07B	$2.72B	150x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739	+0.097%	$133.0M	$324.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.7	+0.089%	$182.0M	$667.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.8	+0.091%	$159.2M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738.8	+0.091%	$21.2M	$69.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,737.1	+0.028%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,737.5	+0.044%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,740.5	+0.155%	$41.4M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.3	−0.001%	$960K	$11.4M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,738.1	+0.064%	$266.0M	$65.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,736.9	+0.022%	$30.6M	$72.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,739.6	+0.121%	$53.6M	$4.25B	50x	as long as short
Aftermath Perps ETHUSD	+0.0136%	1h	2,739.9	+0.131%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0158%	8h	2,736.5	+0.007%	$7.6M	$672.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0174%	1h	2,739.4	+0.112%	$260.0M	$194.8M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,740	+0.136%	$32.2M	$11.5M	100x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,737.7	+0.049%	$285.5M	$175.3M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,738.8	+0.090%	$85.9M	$309.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0225%	1h	2,736	−0.013%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,739.3	+0.110%	$251K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.6077%	1h	2,738.4	+0.076%	$21K	$20K	25x	as long as short