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−0.0017%/8h= −1.8% APRnext payment $0.17 per $10,000 · paid last 24h −0.006%
Price spread now: Aster against Paradex−0.190%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$150.149% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.017%−$2 on $10k
Price spread, last 7 days+0.123%+$12 · spread now −0.190%, 7d avg −0.049%
Together, before fees+0.106%+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.141% cheaper against Paradex than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,736.60.0100pay 0.0100% / 8h1h 08m$15.4M$7.8M50x
ShortAster ETHUSDT2,731.40.0083get 0.0083% / 8h1h 08m$253.0M$846.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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
−$3.54
Price spread: −0.190% → −0.049%
−$14.07
Slippage, 4 orders
−$2.91
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
−$32.52
Costs to cover
0.149%
Break-even
never at this rate
Slippage from Paradex: live order book, 1 min ago; Aster: live order book, 6 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 Paradex live order book, 1 min ago0.75 bp2.7 bp −$32.7 bp −$27doesn't fitdoesn't fit
Sell Aster live order book, 6 min ago0.02 bp4.0 bp −$44.0 bp −$405.3 bp −$52911.5 bp −$5,749

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,732.1−0.165%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1−0.129%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5−0.150%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,733.1−0.129%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4−0.156%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.4−0.154%$6.6M$683.3M4.9xas long as short
Perpl ETH0.0000%43m2,732.2−0.161%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5−0.114%$262.6M$213.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5−0.151%$33.0M200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.181%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.2−0.125%$191K$889K50xas long as short
BingX ETH-USDT+0.0024%8h2,731.5−0.189%$1.10Bas long as short
HTX ETH-USDT+0.0027%8h2,732.7−0.142%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.3−0.193%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,731.4−0.191%$379.5M$576.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,732.5−0.151%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,731.3−0.193%$1.65B$10.86B100xas long as short
Aster ETHUSDTshort+0.0083%8h2,731.4−0.190%$253.0M$846.8M200x
Phemex ETHUSDT+0.0088%8h2,732.6−0.147%$263.1M$64.5M150xas long as short
Bullet ETH-USD+0.0088%1h2,732.7−0.142%$189K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.5−0.186%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.5−0.186%$6.33B$16.10B150xas long as short
Lighter ETH+0.0096%1h2,732.2−0.161%$112.8M$438.8M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3−0.121%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.241%$4.9M$165K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.4−0.118%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4−0.191%$502K$3.5M50xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,736.6long leg$15.4M$7.8M50x
Nado ETH-PERP+0.0100%1h2,731.4−0.192%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.9−0.100%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5−0.150%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.6−0.184%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4−0.154%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.176%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.6−0.182%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.6−0.182%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.4−0.156%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.198%$134.1M$321.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.163%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.168%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733−0.132%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.9−0.101%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6−0.111%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.3−0.121%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.1−0.164%$958K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,730.7−0.218%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.4−0.154%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.6−0.109%$46.5M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.3−0.157%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733−0.132%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8−0.067%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.7−0.181%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.1−0.130%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4−0.153%$281.0M$175.4M150xas long as short