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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.6% APRnext payment +$0.61 per $10,000 · paid last 24h −0.004%
Price spread now: SunX against Aster−0.017%46s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.229% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.147%−$15 · spread now −0.017%, 7d avg −0.031%
Together, before fees−0.075%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,776.40.0039pay 0.0039% / 8h2h 22m$256.9M$995.8M200x
ShortSunX ETH-USDT2,7760.0100get 0.0100% / 8h2h 22m$972K$14.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$12.74
Price spread: −0.017% → −0.031%
$1.33
Slippage, 4 orders
−$6.92
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$8.86
Costs to cover
0.229%
Break-even
11.9 days
Slippage from Aster: live order book, 7 min ago; SunX: live order book, 7 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, 7 min ago0.02 bp4.0 bp −$45.1 bp −$515.7 bp −$56710.5 bp −$5,273
Sell SunX live order book, 7 min ago0.70 bp6.5 bp −$67.0 bp −$709.2 bp −$920doesn't fit

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−0.0112%43m2,776.8+0.011%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.027%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.5+0.002%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.013%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.110%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.7+0.008%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.023%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0004%1h2,773.3−0.115%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.6+0.043%$22.4M200xas long as short
Phemex ETHUSDT+0.0011%8h2,776.4−0.002%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4−0.184%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,777.1+0.022%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.3+0.031%$13.2M200xas long as short
Aster ETHUSDTlong+0.0039%8h2,776.4long leg$256.9M$995.8M200x
MEXC ETH_USDT+0.0047%8h2,776.3−0.005%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.3−0.039%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0048%8h2,776.3−0.005%$6.44B$17.24B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.3−0.004%$3.29B$9.66B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.1−0.012%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,776.7+0.010%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.082%$140.6M$320.2Mas long as short
Lighter ETH+0.0096%1h2,777+0.021%$115.4M$513.8M50xas long as short
Lighter RH ETH+0.0096%1h2,778.3+0.067%$25.4M$122.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.6+0.041%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776−0.016%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.1−0.012%$487K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.2−0.007%$15.3M$117.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.088%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.9+0.016%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.2−0.009%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6−0.030%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.3+0.067%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.379%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.3−0.004%$423.0M$742.1M100xas long as short
BingX ETH-USDC+0.0100%8h2,776.1−0.012%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.3−0.005%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.198%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8−0.130%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,776.2−0.009%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.6+0.043%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.9+0.052%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.044%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.089%$42.7M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,776−0.017%$972K$14.2M100x
SoDEX ETH-USD+0.0100%1h2,776.5+0.002%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776.5+0.002%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.9−0.020%$31.4M$76.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.1+0.060%$60.2M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.1+0.060%$8.5M$673.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0128%1h2,778.2+0.061%$258.4M$224.8M50xas long as short
Orderly PERP_ETH_USDC+0.0132%8h2,779.4+0.106%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0167%8h2,776.3−0.007%$285.2M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,776−0.018%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.6+0.043%$87.0M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0432%1h2,776.9+0.016%$284K$1.5M20xas long as short