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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment $0.34 per $10,000 · paid last 24h +0.016%
Price spread now: Aster against Bitget+0.016%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.206% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days−0.023%−$2 · spread now +0.016%, 7d avg +0.006%
Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,771.80.0065pay 0.0065% / 8h8m 03s$2.10B$3.10B150x
ShortAster ETHUSDT2,772.20.0031get 0.0031% / 8h8m 03s$255.9M$1.00B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
−$7.06
Price spread: +0.016% → +0.006%
$0.99
Slippage, 4 orders
−$0.61
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$26.68
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 6 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 Bitget live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$607.2 bp −$71910.2 bp −$5,102
Sell Aster live order book, 6 min ago0.02 bp4.6 bp −$54.9 bp −$495.6 bp −$56411.8 bp −$5,890

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−0.0223%43m2,770.8−0.035%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.6−0.044%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.349%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.6−0.042%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5−0.046%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,771.5−0.010%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3−0.017%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5−0.010%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.2+0.051%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,771.6−0.006%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772.6+0.030%$12.8M200xas long as short
Phemex ETHUSDT+0.0027%8h2,771.9+0.004%$270.2M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.5−0.009%$29K$22K20xas long as short
Aster ETHUSDTshort+0.0031%8h2,772.2+0.016%$255.9M$1.00B200x
SoDEX ETH-USD+0.0033%1h2,772.1+0.012%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0036%1h2,771.8+0.001%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,771.1−0.026%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,772.1+0.011%$6.46B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.5+0.026%$5.0M$636K20xas long as short
Bitget ETHUSDTlong+0.0065%8h2,771.8long leg$2.10B$3.10B150x
Gate ETH_USDT+0.0067%8h2,772.2+0.016%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.2+0.016%$421.4M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,771.9+0.004%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,771.5−0.008%$17.4Mas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,773.6+0.067%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0093%8h2,772.1+0.012%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0095%1h2,770.1−0.062%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,772.5+0.027%$115.1M$501.7M50xas long as short
Lighter RH ETH+0.0096%1h2,774.1+0.083%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,771.1−0.024%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.7−0.076%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.057%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6+0.102%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.5−0.046%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6−0.078%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.2−0.020%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.086%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5+0.025%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.120%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,770−0.064%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.110%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,771.1−0.024%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.1+0.012%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.5+0.025%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,771.3−0.017%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,774.5+0.100%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,771.1−0.026%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.8+0.001%$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.7−0.003%$8.2M$688.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,773.5+0.064%$90.4M$338.6M100xas long as short
Deribit ETH-PERPETUAL+0.0125%1h2,773.8+0.074%$259.0M$222.2M50xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,774.9+0.112%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7−0.039%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,771.7−0.004%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.9+0.006%$252K$1.6M20xas long as short