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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.021%
Price spread now: Aster against Paradex+0.063%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.063% dearer against Paradex than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.71990.0028pay 0.0028% / 8h32m 07s$6K5x
ShortAster ETHFIUSDT0.72040.0056get 0.0028% / 4h32m 07s$184K$262K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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
$5.94
Price spread: +0.063% → 0.000%
$6.33
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
$0.27
Costs to cover
0.120%
Break-even
6.7 days
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 45 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 Paradex no order-book sample
Sell Aster live order book, 45 min ago5.58 bp18.2 bp −$18doesn't fitdoesn't fitdoesn't fit
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0332%4h0.7176−0.325%$83K$164K20xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7197−0.034%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0166%1h0.7201+0.022%$42K$18K10xas long as short
Paradex ETHFI-USD-PERPlong+0.0028%8h0.7199long leg$6K5x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.564%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0036%4h0.7198−0.020%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0039%4h0.7197−0.034%$25.1M$37.2M75xas long as short
Extended ETHFI-USD+0.0040%1h0.7196−0.054%$93K$493K10xas long as short
Aster ETHFIUSDTshort+0.0056%4h0.7204+0.063%$184K$262K10x
Aevo ETHFI-PERP+0.0088%1h0.7195−0.061%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7209+0.130%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7209+0.137%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7197−0.034%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7206+0.091%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7198−0.020%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7196−0.047%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7197−0.034%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7199−0.006%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7192−0.108%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7200+0.004%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7199−0.006%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0149%4h0.7196−0.047%$1.3M$291K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.522%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7204+0.062%$277K$161K20xas long as short