Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.066%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.066%, 7d avg +0.113%

Together, before fees+0.131%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.047% cheaper against Extended than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.113%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). At the pace of the last 5 days (+0.008% in total) that is about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ETHFI-USD	0.7202	0.0024	pay 0.0003% / 1h	1m 01s	$93K	$493K	10x
Short	Aster ETHFIUSDT	0.7207	0.0094	get 0.0047% / 4h	1h 01m	$184K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $14.75
Price spread: +0.066% → +0.113%: −$4.69
Slippage, 4 orders: −$59.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.16
Costs to cover: 0.722%
Break-even: 36.5 days

Slippage from Extended: live order book, 17 min ago; Aster: live order book, 16 min ago.

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 Extended live order book, 17 min ago	2.66 bp	17.9 bp −$18	183.1 bp −$1,831	doesn't fit	doesn't fit
Sell Aster live order book, 16 min ago	5.58 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit

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
HTX ETHFI-USDT	−0.0310%	4h	0.7170	−0.446%	$83K	$164K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0305%	1h	0.7200	−0.030%	$42K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0251%	1h	0.7203	+0.019%	$283K	$148K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0191%	4h	0.7195	−0.099%	$16K	$1K	10x	as long as short
MEXC ETHFI_USDT	+0.0022%	4h	0.7204	+0.026%	$15.2M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0023%	4h	0.7204	+0.020%	$25.0M	$37.2M	75x	as long as short
Extended ETHFI-USDlong	+0.0024%	1h	0.7202	long leg	$93K	$493K	10x
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.525%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0034%	8h	0.7192	−0.146%	$6K	—	5x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7204	+0.024%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETHFI-USDT	+0.0091%	4h	0.7195	−0.099%	$1.3M	$293K	75x	as long as short
Aster ETHFIUSDTshort	+0.0094%	4h	0.7207	+0.066%	$184K	$259K	10x
Lighter ETHFI	+0.0096%	1h	0.7203	+0.006%	$1.1M	$898K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7215	+0.182%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7209	+0.095%	$18.3M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7206	+0.053%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7211	+0.123%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7206	+0.053%	$1.2M	$272K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7203	+0.012%	$6.2M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7208	+0.081%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7181	−0.293%	$1.0M	$755K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7196	−0.083%	$60K	$93K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7196	−0.085%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0304%	1h	0.7198	−0.058%	$31K	$6K	50x	as long as short