data as of
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Funding arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC−0.0021%/8h
paid, last 24h0.000%paid, last 7 days−0.081%to open and close $10k−$19
Long on BackpackShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ETH_USDC_PERP2,757.40.0100pay 0.0013% / 1h59m 35s$15.3M$41.6M50x
ShortAster ETHUSDT2,756.50.0079get 0.0079% / 8h4h 59m$266.9M$932.6M200x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$4.37
Slippage, 4 orders
−$0.87
Fee Backpack: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$23.24
Break-even
never at this rate
Slippage from Backpack: live order book, 1 min ago; Aster: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.031%
Avg gap 7d
+0.036%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 1 min ago0.02 bp5.0 bp −$55.4 bp −$5425.1 bp −$2,509doesn't fit
Sell Aster live order book, 6 min ago0.14 bp4.4 bp −$44.6 bp −$466.7 bp −$67313.2 bp −$6,609

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.0015%1h$55.6M$162.3M40xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
01 Exchange ETHUSD−0.0008%1h$180K$1.2M50xas long as short
Injective ETH/USDC PERP−0.0004%1h$118K$22.5M52xas long as short
dYdX ETH-USD0.0000%1h$13.1M$41.5M50xas long as short
Bulk ETH-USD0.0000%1h$161.3M$272.1M25xas long as short
Perpl ETH0.0000%43m$288K$6.4M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h$258.9M$205.5M50xas long as short
Phemex ETHUSDT+0.0005%8h$266.4M$64.1M150xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
BingX ETH-USDC+0.0015%8h—$16.9M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h$1.73B$11.05B100xas long as short
Bullet ETH-USD+0.0021%1h$191K$1.8M20xas long as short
RISEx ETH/USDC+0.0044%1h$5.8M$12.2M25xas long as short
Aevo ETH-PERP+0.0048%1h$5.0M$649K20xas long as short
MEXC ETH_USDT+0.0049%8h$1.61B$2.37B500xas long as short
Binance ETHUSDT+0.0049%8h$6.56B$15.94B150xas long as short
Gate ETH_USDT+0.0066%8h$3.35B$8.95B200xas long as short
ApeX Omni ETHUSDT+0.0066%1h$8.2M$28.1M100xas long as short
Phoenix ETH+0.0073%1h$1.1M$2.5M25xas long as short
Aster ETHUSDTshort+0.0079%8h$266.9M$932.6M200x
Bitget ETHUSDT+0.0081%8h$2.11B$2.94B150xas long as short
Lighter ETH+0.0096%1h$116.3M$487.7M50xas long as short
Lighter RH ETH+0.0096%1h$25.4M$118.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.1M500xas long as short
Variational Omni ETH+0.0099%8h$145.9M$302.3M—as long as short
Paradex ETH-USD-PERP+0.0100%8h$14.9M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h$477K$2.4M50xas long as short
Nado ETH-PERP+0.0100%1h$17.0M$111.4M50xas long as short
Hyperliquid ETH+0.0100%1h$3.22B$2.14B25xas long as short
Pacifica ETH+0.0100%1h$31.2M$254.1M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$15.0M25xas long as short
Arcus ETH-USD+0.0100%1h$2.9M$16.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$401.4M$696.6M100xas long as short
Backpack ETH_USDC_PERPlong+0.0100%1h$15.3M$41.6M50x
edgeX ETHUSDC+0.0100%4h$179.5M$740.1M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$54.8M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$11.5M$6.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h$42.7M$29.1M15xas long as short
SunX ETH-USDT+0.0100%8h$966K$14.1M100xas long as short
HTX ETH-USDT+0.0100%8h$1.08B$1.21B200xas long as short
Extended ETH-USD+0.0104%1h$31.5M$75.4M50xas long as short
Orderly PERP_ETH_USDC+0.0113%8h$32.3M$11.0M100xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.6M$4.52B50xas long as short
Kalshi KXETHPERP+0.0140%8h$9.6M$616.6M4.9xas long as short
Aftermath Perps ETHUSD+0.0142%1h$29K$19K20xas long as short
Kraken Futures PF_ETHUSD+0.0162%1h$85.1M$319.6M100xas long as short
BloFin ETH-USDT+0.0170%8h$291.4M$177.8M150xas long as short
Reya ETHRUSDPERP+0.0217%1h$7.4M$821K25xas long as short
Hibachi ETH/USDT-P+0.0224%1h$282K$1.5M20xas long as short