Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: HTX against Aster−0.015%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.015%, 7d avg −0.027%

Together, before fees−0.036%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,739.7	0.0100	pay 0.0100% / 8h	4h 48m	$254.9M	$702.3M	200x
Short	HTX ETH-USDT	2,739.3	0.0100	get 0.0100% / 8h	4h 48m	$1.05B	$992.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.027%: $1.23
Slippage, 4 orders: −$0.19
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.96
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; HTX: 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 Aster live order book, 4 min ago	0.02 bp	4.0 bp −$4	4.1 bp −$41	4.9 bp −$493	9.6 bp −$4,802
Sell HTX live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	8.1 bp −$810	11.5 bp −$5,760

ETH on 55 exchanges

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
Hotstuff ETH-PERP	−0.0080%	1h	2,742.5	+0.101%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,742.2	+0.092%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,738.7	−0.036%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,738.3	−0.052%	$816K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,739.6	−0.004%	$7.4M	$656.5M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,739.9	+0.007%	$267K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,739.2	−0.020%	$33.1M	—	200x	as long as short
Bybit ETHUSDT	+0.0047%	8h	2,739.8	+0.002%	$2.37B	$3.78B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,739.2	−0.019%	$183K	$910K	50x	as long as short
ApeX Omni ETHUSDT	+0.0062%	1h	2,739.1	−0.023%	$8.2M	$25.0M	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0072%	8h	2,740.1	+0.014%	$1.67B	$9.02B	100x	as long as short
dYdX ETH-USD	+0.0076%	1h	2,740	+0.010%	$15.2M	$42.4M	50x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,739.8	+0.002%	$378.0M	$433.6M	100x	as long as short
SoDEX ETH-USD	+0.0096%	1h	2,739.4	−0.012%	$61.7M	$121.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,740.1	+0.015%	$113.7M	$382.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,741	+0.048%	$23.6M	$93.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,738.1	−0.060%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,739	−0.025%	$4.9M	$250K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.4	−0.048%	$515K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.7	−0.036%	$14.7M	$93.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742.1	+0.087%	$3.15B	$1.67B	25x	as long as short
Aster ETHUSDTlong	+0.0100%	8h	2,739.7	long leg	$254.9M	$702.3M	200x
Pacifica ETH	+0.0100%	1h	2,741.2	+0.054%	$32.1M	$322.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,739.7	−0.002%	$6.41B	$13.68B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.4	−0.012%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.9	+0.007%	$1.6M	$14.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.8	+0.149%	$163.0M	$315.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739.7	−0.003%	$3.27B	$7.62B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,740	+0.010%	$1.60B	$2.29B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,740	+0.010%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,738.7	−0.038%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739	−0.027%	$14.9M	$35.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.7	−0.037%	$133.6M	$273.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.1	−0.024%	$184.3M	$557.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.4	−0.013%	$159.2M	$69.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.8	+0.076%	$21.1M	$76.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.1	−0.024%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,739.3	−0.015%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,738.3	−0.051%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.3	−0.014%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.3	+0.059%	$40.9M	$25.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,739	−0.026%	$944K	$8.2M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,740.8	+0.039%	$267.6M	$181.2M	50x	as long as short
HTX ETH-USDTshort	+0.0100%	8h	2,739.3	−0.015%	$1.05B	$992.5M	200x
Phemex ETHUSDT	+0.0100%	8h	2,739.7	−0.002%	$262.8M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,739.2	−0.020%	$30.2M	$63.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0110%	1h	2,740.5	+0.027%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,741	+0.046%	$47.6M	$3.88B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,740.2	+0.018%	$82.5M	$265.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0145%	1h	2,736.9	−0.104%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,741.7	+0.073%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,740	+0.010%	$5.7M	$10.3M	25x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,735.7	−0.146%	$284.9M	$146.7M	150x	as long as short
Paradex ETH-USD-PERP	+0.0442%	8h	2,742.4	+0.097%	$15.7M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,743.2	+0.127%	$118K	$25.2M	52x	as long as short