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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.006%
Price spread now: Variational Omni against Aster+0.013%7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.013%, 7d avg −0.001%
Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,734.50.0084pay 0.0084% / 8h4h 50m$252.8M$840.6M200x
ShortVariational Omni ETH2,734.90.0100get 0.0100% / 8h4h 50m$133.1M$324.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$3.44
Price spread: +0.013% → −0.001%
$1.42
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.14
Costs to cover
0.080%
Break-even
13.4 days
Slippage unknown: Aster: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 4 min ago0.02 bp4.0 bp −$44.2 bp −$424.6 bp −$46110.4 bp −$5,218
Sell Variational Omni RFQ quote, 4 min ago0.55 bpdoesn't fit0.5 bp −$55.4 bp −$544doesn'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−0.0447%43m2,734.7+0.005%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.174%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.131%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735+0.018%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,734.9+0.014%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735+0.017%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.244%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735+0.018%$25.7M200xas long as short
Bullet ETH-USD+0.0045%1h2,734.5−0.001%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,735.8+0.046%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,734.1−0.015%$18.4Mas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,734.5−0.002%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,734.7+0.006%$380.7M$573.6M100xas long as short
Aster ETHUSDTlong+0.0084%8h2,734.5long leg$252.8M$840.6M200x
Aevo ETH-PERP+0.0088%1h2,733.1−0.051%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,734.6+0.003%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,734.6+0.002%$6.35B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,734.9+0.015%$112.6M$432.3M50xas long as short
Lighter RH ETH+0.0096%1h2,737+0.091%$24.1M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.6+0.040%$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.3+0.028%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.9+0.196%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.019%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.50.000%$13.9M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.9+0.087%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736+0.054%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,734.50.000%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.3−0.008%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.1+0.020%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.228%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.8+0.008%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.6+0.001%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.1+0.057%$15.0M$39.6M50xas long as short
Variational Omni ETHshort+0.0100%8h2,734.9+0.013%$133.1M$324.8M
edgeX ETHUSDC+0.0100%4h2,738+0.126%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.163%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.125%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.054%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.9+0.049%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.054%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.3+0.101%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.3+0.028%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.8+0.047%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,736+0.054%$265.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,733.8−0.027%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.108%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,738.6+0.149%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,736.3+0.065%$7.7M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.6+0.074%$32.2M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0196%1h2,737.5+0.108%$260.0M$194.6M50xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5+0.036%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,736.6+0.076%$85.6M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,733.9−0.024%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736.9+0.085%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.1204%1h2,735+0.018%$21K$20K25xas long as short