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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%
Price spread now: Extended against Aster−0.045%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$960.959% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.135%−$13 · spread now −0.045%, 7d avg −0.111%
Together, before fees−0.144%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.066% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHFIUSDT0.70750.0100pay 0.0050% / 4h55m 00s$181K$256K10x
ShortExtended ETHFI-USD0.70710.0104get 0.0013% / 1h55m 00s$96K$378K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.045% → −0.111%
$6.57
Slippage, 4 orders
−$82.92
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$88.51
Costs to cover
0.959%
Break-even
744.6 days
Slippage from Aster: live order book, 2 min ago; Extended: 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 Aster live order book, 2 min ago7.76 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago1.56 bp17.7 bp −$18160.7 bp −$1,607doesn't fitdoesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0739%1h0.7072−0.036%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0208%4h0.7070−0.064%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0068%4h0.7059−0.220%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.339%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7081+0.085%$263K$212K20xas long as short
Paradex ETHFI-USD-PERP+0.0072%8h0.7066−0.119%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7079+0.060%$1.1M$878K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7080+0.083%$17.6M$8.1M5xas long as short
Aster ETHFIUSDTlong+0.0100%4h0.7075long leg$181K$256K10x
Binance ETHFIUSDT+0.0100%4h0.7071−0.050%$24.6M$35.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7076+0.020%$17.7M$12.5M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7080+0.077%$5.0M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7078+0.049%$1.7M$1.9M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7073−0.022%$15.8M$3.9M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7074−0.008%$1.2M$241K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7074−0.008%$6.1M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7079+0.063%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7085+0.152%$1.0M$703Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7090+0.217%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7081+0.091%$2K$1.1M20xas long as short
Extended ETHFI-USDshort+0.0104%1h0.7071−0.045%$96K$378K10x
Aevo ETHFI-PERP+0.0104%1h0.7070−0.064%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7068−0.093%$1.2M$245K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7095+0.289%$31K$6K50xas long as short