Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.019%

Price spread now: Aster against ApeX Omni−0.351%59s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.213% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days+0.361%+$36 · spread now −0.351%, 7d avg +0.001%

Together, before fees+0.464%+ Points / potential airdropAster: Stage 5 · farm board+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.352% cheaper against ApeX Omni than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,777.8	0.0097	pay 0.0012% / 1h	30m 28s	$8.7M	$32.5M	100x
Short	Aster ETHUSDT	2,768	0.0032	get 0.0032% / 8h	1h 30m	$255.6M	$990.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.351%Rate

Funding earned: −$13.61
Price spread: −0.351% → +0.001%: −$35.24
Slippage, 4 orders: −$3.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$70.1
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Aster: live order book, 4 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 ApeX Omni live order book, 4 min ago	1.48 bp	6.5 bp −$6	6.5 bp −$65	23.8 bp −$2,381	40.0 bp −$20.0K
Sell Aster live order book, 4 min ago	0.02 bp	4.2 bp −$4	4.2 bp −$42	5.7 bp −$568	13.3 bp −$6,630

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,770.9	−0.248%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,767.9	−0.354%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.1	−0.347%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,770.3	−0.268%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,768.8	−0.322%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0022%	1h	2,775.8	−0.069%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.9	−0.317%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,778.1	+0.013%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.5	−0.261%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0016%	8h	2,768.1	−0.348%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.5	−0.333%	$1.70B	$11.82B	100x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,768.1	−0.348%	$269.2M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770.4	−0.265%	$12.9M	—	200x	as long as short
Aster ETHUSDTshort	+0.0032%	8h	2,768	−0.351%	$255.6M	$990.7M	200x
Deribit ETH-PERPETUAL	+0.0035%	1h	2,770.2	−0.273%	$258.3M	$222.2M	50x	as long as short
Bullet ETH-USD	+0.0037%	1h	2,769.8	−0.288%	$180K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0059%	8h	2,768.3	−0.340%	$6.42B	$17.16B	150x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,767.8	−0.360%	$1.61B	$2.66B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,767.9	−0.355%	$5.0M	$636K	20x	as long as short
Nado ETH-PERP	+0.0065%	1h	2,767.8	−0.359%	$14.3M	$118.0M	50x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,768.5	−0.333%	$55.1M	$228.8M	40x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,768.2	−0.343%	$3.28B	$9.60B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,768.1	−0.348%	$2.10B	$3.11B	150x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,768.2	−0.345%	$2.51B	$4.61B	150x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,767.5	−0.369%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,767.7	−0.363%	$114.7M	$499.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.5	−0.298%	$25.4M	$121.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771	−0.242%	—	$41.5M	500x	as long as short
ApeX Omni ETHUSDTlong	+0.0097%	1h	2,777.8	long leg	$8.7M	$32.5M	100x
KuCoin ETHUSDTM	+0.0098%	8h	2,766.9	−0.392%	$423.5M	$738.3M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,767.3	−0.375%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.6	−0.329%	$479K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.3	−0.304%	$3.18B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767.9	−0.355%	$31.3M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.8	−0.394%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,769.8	−0.286%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,767.4	−0.371%	$166.0M	$246.7M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.3	−0.341%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	−0.114%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,777.1	−0.025%	$180.0M	$780.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	−0.027%	$161.5M	$91.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.2	−0.236%	$21.4M	$58.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.2	−0.308%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.1	−0.275%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.6	−0.293%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.9	−0.247%	$42.6M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,767.9	−0.355%	$971K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.3	−0.377%	$31.4M	$74.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770	−0.281%	$60.0M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0118%	8h	2,771.7	−0.218%	$8.7M	$675.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,771.2	−0.237%	$32.5M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0168%	1h	2,773.6	−0.151%	$278K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,769.3	−0.303%	$86.0M	$331.4M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,768.3	−0.341%	$283.9M	$193.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,768.6	−0.328%	$7.3M	$1.2M	25x	as long as short