Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.157%

Price spread now: Deribit against Aster+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.043% dearer against Aster than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHFIUSDT	0.6955	−0.0008	get 0.0004% / 4h	2h 43m	$178K	$258K	10x
Short	Deribit ETHFI_USDC-PERPETUAL	0.6958	−0.0468	pay 0.0059% / 1h	43m 42s	$40K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee AsterbpFee DeribitbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$96.57
Price spread: +0.043% → 0.000%: $4.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$107.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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 Aster live order book, 3 min ago	0.72 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUALshort	−0.0468%	1h	0.6958	+0.043%	$40K	$10K	10x
Kraken Futures PF_ETHFIUSD	−0.0411%	1h	0.6970	+0.218%	$278K	$262K	20x	as long as short
HTX ETHFI-USDT	−0.0407%	4h	0.6950	−0.072%	$81K	$182K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0260%	4h	0.6955	0.000%	$16K	$1K	10x	as long as short
Bybit ETHFIUSDT	−0.0192%	4h	0.6951	−0.058%	$17.3M	$12.7M	25x	as long as short
Variational Omni ETHFI	−0.0084%	4h	0.6950	−0.068%	$948K	$724K	—	as long as short
Binance ETHFIUSDT	−0.0009%	4h	0.6947	−0.111%	$24.1M	$35.4M	75x	as long as short
Aster ETHFIUSDTlong	−0.0008%	4h	0.6955	long leg	$178K	$258K	10x
Extended ETHFI-USD	−0.0008%	1h	0.6946	−0.129%	$94K	$506K	10x	as long as short
MEXC ETHFI_USDT	−0.0006%	4h	0.6951	−0.058%	$15.7M	$4.1M	125x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ETHFI-USD-PERP	+0.0017%	8h	0.6948	−0.100%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.098%	$321	$51K	5.5x	as long as short
Aevo ETHFI-PERP	+0.0080%	1h	0.6955	0.000%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0088%	4h	0.6948	−0.101%	$1.2M	$237K	75x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6957	+0.029%	$1.1M	$830K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6953	−0.032%	$17.0M	$8.3M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6955	0.000%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6954	−0.014%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6948	−0.101%	$1.2M	$230K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6949	−0.086%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6951	−0.058%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6959	+0.062%	$63K	$126K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6964	+0.129%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0376%	1h	0.7054	+1.423%	$31K	$5K	50x	as long as short