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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.002%
Price spread now: Bulk against Aster−0.143%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$150.155% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.012%+$1 on $10k
Price spread, last 7 days+0.143%+$14 · spread now −0.143%, 7d avg +0.003%
Together, before fees+0.156%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.146% cheaper against Aster than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.003%). If the spread goes back, that is −$15 on $10k: about 29 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,722.90.0083pay 0.0083% / 8h2h 22m$251.8M$845.1M200x
ShortBulk ETH-USD2,7190.0100get 0.0013% / 1h22m 54s$161.7M$327.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$3.54
Price spread: −0.143% → +0.003%
−$14.63
Slippage, 4 orders
−$0.47
Fee Aster: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$26.56
Costs to cover
0.155%
Break-even
59.5 days
Slippage from Aster: live order book, 6 min ago; Bulk: live order book, 1 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, 6 min ago0.20 bp4.2 bp −$44.2 bp −$425.8 bp −$58412.3 bp −$6,144
Sell Bulk live order book, 1 min ago0.02 bp3.5 bp −$43.5 bp −$354.1 bp −$4065.3 bp −$2,660

ETH on 55 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
Perpl ETH−0.0447%43m2,719.5−0.124%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6−0.046%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,720.6−0.084%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9−0.110%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,720−0.105%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4−0.090%$32.0M200xas long as short
dYdX ETH-USD+0.0008%1h2,721.2−0.061%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.211%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0033%8h2,722.6−0.010%$18.5Mas long as short
01 Exchange ETHUSD+0.0040%1h2,720.2−0.097%$189K$824K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,722.5−0.012%$2.34B$4.40B150xas long as short
SunX ETH-USDT+0.0068%8h2,718.9−0.147%$953K$11.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,719.5−0.122%$180K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,715.8−0.259%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0077%8h2,722.6−0.009%$373.5M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0081%1h2,719.9−0.110%$30K$20K20xas long as short
Aster ETHUSDTlong+0.0083%8h2,722.9long leg$251.8M$845.1M200x
MEXC ETH_USDT+0.0088%8h2,723.1+0.009%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.176%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,722.90.000%$6.31B$16.08B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,722.8−0.001%$1.66B$10.81B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2−0.060%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,721.6−0.046%$111.8M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,722.7−0.004%$23.5M$103.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.2−0.134%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6−0.008%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.3−0.130%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.039%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,721−0.067%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.3−0.130%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1−0.101%$1.5M$16.2M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,719−0.143%$161.7M$327.3M25x
Gate ETH_USDT+0.0100%8h2,721.7−0.041%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9+0.002%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.4−0.055%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.246%$132.3M$328.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.259%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721−0.067%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722−0.031%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.5−0.049%$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,721.1−0.064%$11.1M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.7−0.078%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722−0.031%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6−0.083%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,722.5−0.013%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720−0.103%$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1−0.029%$49.5M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.9−0.109%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0151%8h2,721−0.068%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9−0.036%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5−0.051%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.001%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.9−0.146%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1−0.028%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,720.5−0.088%$281.1M$173.9M150xas long as short