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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.015%
Price spread now: Aster against Bitget+0.061%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.061%, 7d avg +0.034%
Together, before fees−0.117%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.027% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.71440.0040pay 0.0020% / 4h2h 18m$6.1M$5.6M75x
ShortAster ETHFIUSDT0.71480.0100get 0.0050% / 4h2h 18m$183K$255K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
$12.6
Price spread: +0.061% → +0.034%
$2.71
Slippage, 4 orders
−$87.25
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$91.94
Costs to cover
1.072%
Break-even
58.1 days
Slippage from Bitget: live order book, 4 min ago; Aster: live order book, 3 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 Bitget live order book, 4 min ago3.50 bp16.5 bp −$1637.7 bp −$377doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago7.69 bp24.9 bp −$25doesn't fitdoesn'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−0.0728%1h0.7149+0.070%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0213%1h0.7162+0.252%$282K$144K20xas long as short
HTX ETHFI-USDT−0.0172%4h0.7137−0.098%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0170%4h0.7145+0.014%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.344%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0037%8h0.7145+0.015%$6K5xas long as short
Bitget ETHFIUSDTlong+0.0040%4h0.7144long leg$6.1M$5.6M75x
Binance ETHFIUSDT+0.0088%4h0.7143−0.015%$24.9M$36.9M75xas long as short
Extended ETHFI-USD+0.0088%1h0.7142−0.029%$92K$495K10xas long as short
MEXC ETHFI_USDT+0.0088%4h0.71440.000%$15.2M$3.8M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7151+0.099%$1.1M$909K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7151+0.102%$18.3M$8.8M5xas long as short
Aster ETHFIUSDTshort+0.0100%4h0.7148+0.061%$183K$255K10x
Bybit ETHFIUSDT+0.0100%4h0.7149+0.070%$18.3M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7155+0.154%$4.9M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7149+0.070%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7146+0.028%$1.2M$270K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7149+0.070%$25.9Mas long as short
Variational Omni ETHFI+0.0100%4h0.7150+0.078%$1.0M$722Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7151+0.097%$60K$85K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7152+0.112%$2K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7145+0.014%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7157+0.182%$31K$9K50xas long as short
BloFin ETHFI-USDT+0.0329%4h0.7147+0.042%$1.3M$295K75xas long as short