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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.027%
Price spread now: Aster against Reya−0.004%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Aster
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.062%−$6 on $10k
Price spread, last 7 days+0.036%+$4 · spread now −0.004%, 7d avg +0.034%
Together, before fees−0.026%+ Points / potential airdropReya: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.037% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,723.50.0203pay 0.0025% / 1h43m 21s$7.3M$1.2M25x
ShortAster ETHUSDT2,723.40.0081get 0.0081% / 8h2h 43m$252.1M$843.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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
−$25.7
Price spread: −0.004% → +0.034%
−$3.72
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aster: 4 bp × 2 orders
−$8
Net
−$43.42
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Aster: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell Aster live order book, 6 min ago0.02 bp4.6 bp −$54.9 bp −$495.5 bp −$55512.2 bp −$6,096
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,725.3+0.068%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.2+0.137%$5K$1K50xas long as short
HTX ETH-USDT−0.0012%8h2,722.8−0.025%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.50.000%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,727+0.130%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.7+0.008%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,727.5+0.148%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0018%1h2,726+0.092%$10.7M$42.2M50xas long as short
BingX ETH-USDT+0.0032%8h2,723.2−0.010%—$1.13B—as long as short
Deribit ETH-PERPETUAL+0.0033%1h2,724.3+0.030%$258.5M$203.4M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,725.2+0.064%$185K$785K50xas long as short
Bybit ETHUSDT+0.0042%8h2,722.9−0.019%$2.35B$4.40B150xas long as short
SunX ETH-USDT+0.0064%8h2,724.1+0.021%$956K$11.2M100xas long as short
Bullet ETH-USD+0.0064%1h2,723.8+0.012%$179K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,724.2+0.026%$377.0M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,727.7+0.155%$30K$20K20xas long as short
Aevo ETH-PERP+0.0080%1h2,721.1−0.087%$4.9M$155K20xas long as short
Aster ETHUSDTshort+0.0081%8h2,723.4−0.004%$252.1M$843.4M200x
MEXC ETH_USDT+0.0087%8h2,724.2+0.025%$1.56B$2.55B500xas long as short
Binance ETHUSDT+0.0087%8h2,723.2−0.009%$6.31B$15.99B150xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,722.7−0.027%$1.66B$10.74B100xas long as short
Phemex ETHUSDT+0.0089%8h2,723.2−0.010%$263.4M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,723.6+0.005%$111.6M$429.6M50xas long as short
Lighter RH ETH+0.0096%1h2,724.8+0.050%$23.4M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,725.1+0.062%—$31.1M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.2+0.027%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.7+0.156%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.5+0.076%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.1+0.097%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.1+0.097%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.2+0.027%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.5+0.073%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,729+0.202%$165.1M$317.5M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.5−0.001%$3.32B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.1−0.015%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.1+0.098%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,725.3+0.068%$134.6M$325.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9+0.163%$183.2M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.127%$158.6M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,726.8+0.121%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,727.9+0.163%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,726+0.092%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.6+0.078%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,723.9+0.017%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,724.4+0.036%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,723.2−0.010%$54.2M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,722.3−0.044%$30.5M$74.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,724.3+0.029%$49.9M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,725.4+0.069%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0158%8h2,725.5+0.075%$6.3M$689.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,723.7+0.009%$82.8M$316.0M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,725.7+0.081%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERPlong+0.0203%1h2,723.5long leg$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0232%1h2,728.5+0.185%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0349%8h2,723.2−0.010%$282.0M$174.1M150xas long as short