Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Aster+0.109%100s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as 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−$180.176% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.125%−$12 · spread now +0.109%, 7d avg −0.037%

Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$3 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 edgeX is 0.145% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 100 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	Aster ETHUSDT	2,770.8	0.0036	pay 0.0036% / 8h	7h 58m	$255.8M	$1.00B	200x
Short	edgeX ETHUSDC	2,773.8	0.0100	get 0.0050% / 4h	3h 58m	$182.1M	$785.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee AsterbpFee edgeXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $13.34
Price spread: +0.109% → −0.037%: $14.54
Slippage, 4 orders: −$0.65
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $10.23
Costs to cover: 0.176%
Break-even: 1.6 days

Slippage from Aster: live order book, 6 min ago; edgeX: live order book, 1 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 Aster live order book, 6 min ago	0.02 bp	4.2 bp −$4	4.6 bp −$46	5.5 bp −$552	11.0 bp −$5,480
Sell edgeX live order book, 1 min ago	0.04 bp	4.5 bp −$5	4.5 bp −$45	4.7 bp −$469	5.8 bp −$2,924

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
Injective ETH/USDC PERP	−0.0752%	1h	2,782	+0.404%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,769.8	−0.035%	$285K	$6.8M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,770.8	+0.001%	$5.7M	$11.9M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.1	+0.011%	$5K	$1K	50x	as long as short
SoDEX ETH-USD	−0.0025%	1h	2,770.1	−0.025%	$55.2M	$228.8M	40x	as long as short
Bullet ETH-USD	−0.0020%	1h	2,770.7	−0.002%	$182K	$1.7M	20x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.8	0.000%	$168K	$1.2M	50x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	2,773.8	+0.108%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.4	−0.015%	$12.7M	$45.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,772	+0.043%	$8.1M	$689.8M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ETH	+0.0003%	1h	2,776	+0.188%	$877K	$3.6M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.2	+0.049%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,769.8	−0.037%	$1.71B	$11.84B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,772	+0.043%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0034%	1h	2,774	+0.115%	$29K	$22K	20x	as long as short
Aster ETHUSDTlong	+0.0036%	8h	2,770.8	long leg	$255.8M	$1.00B	200x
Aevo ETH-PERP	+0.0056%	1h	2,771.1	+0.009%	$5.0M	$316K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,770.3	−0.018%	$1.61B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,770.3	−0.018%	$6.46B	$17.31B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,770.6	−0.006%	$2.10B	$3.08B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0068%	1h	2,771.8	+0.035%	$259.1M	$222.1M	50x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,770.4	−0.015%	$3.29B	$8.87B	200x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,770.8	+0.001%	$422.5M	$738.7M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,772.2	+0.050%	$60.7M	$4.59B	50x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,770.4	−0.013%	—	$1.24B	—	as long as short
Lighter ETH	+0.0096%	1h	2,772	+0.042%	$115.2M	$455.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.4	+0.093%	$25.3M	$109.3M	50x	as long as short
Vest ETH-PERP	+0.0096%	1h	2,771.7	+0.032%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.3	−0.017%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.2	−0.022%	$489K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.7	−0.006%	$14.3M	$118.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.2	+0.086%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771	+0.007%	$31.2M	$319.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.1	−0.027%	$2.51B	$4.63B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.2	−0.022%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.4	+0.021%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.5	−0.010%	$170.6M	$266.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.6	+0.028%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	+0.109%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,773.8	+0.109%	$182.1M	$785.4M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776	+0.189%	$161.4M	$88.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.5	+0.169%	$21.5M	$58.6M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.8	0.000%	$10.6M	$8.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.9	+0.075%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.1	−0.025%	$971K	$13.9M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,770.5	−0.010%	$1.08B	$1.32B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,771.1	+0.010%	$269.9M	$68.7M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.1	−0.026%	$32.5M	$78.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,773.1	+0.082%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.6	+0.029%	$90.7M	$338.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0145%	8h	2,773	+0.080%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0177%	8h	2,773.3	+0.089%	$286.9M	$193.4M	150x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,777.1	+0.228%	$253K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0206%	1h	2,770.2	−0.020%	$7.3M	$1.2M	25x	as long as short
Bluefin ETH-PERP	+0.0421%	1h	2,771.7	+0.033%	$21K	$24K	25x	as long as short