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+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.004%
Price spread now: Aster against KuCoin+0.020%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as 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+0.032%+$3 on $10k
Price spread, last 7 days−0.027%−$3 · spread now +0.020%, 7d avg +0.004%
Together, before fees+0.005%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,729.60.0079pay 0.0079% / 8h1h 56m$374.8M$576.5M100x
ShortAster ETHUSDT2,730.20.0093get 0.0093% / 8h1h 56m$252.6M$848.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$2.98
Price spread: +0.020% → +0.004%
$1.59
Slippage, 4 orders
−$0.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$16.03
Costs to cover
0.206%
Break-even
44.7 days
Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 3 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 KuCoin live order book, 3 min ago0.02 bp6.5 bp −$77.4 bp −$749.9 bp −$994doesn't fit
Sell Aster live order book, 3 min ago0.02 bp4.0 bp −$44.2 bp −$425.0 bp −$50311.6 bp −$5,793

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%43m2,732.1+0.090%$294K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.156%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.8+0.152%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.2+0.056%$12.0M200xas long as short
Phoenix ETH−0.0009%1h2,736+0.233%$817K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,731.4+0.065%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731+0.048%$260.2M$211.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,731.2+0.057%$32.9M200xas long as short
HTX ETH-USDT+0.0009%8h2,730.2+0.020%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0035%8h2,729.3−0.014%$18.6Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,732.2+0.094%$193K$887K50xas long as short
Bybit ETHUSDT+0.0042%8h2,729.2−0.016%$2.35B$4.42B150xas long as short
KuCoin ETHUSDTMlong+0.0079%8h2,729.6long leg$374.8M$576.5M100x
Aftermath Perps ETHUSD+0.0084%1h2,734.4+0.174%$30K$20K20xas long as short
SoDEX ETH-USD+0.0091%1h2,730.3+0.024%$54.4M$187.5M40xas long as short
SunX ETH-USDT+0.0091%8h2,730.6+0.035%$956K$11.1M100xas long as short
Aster ETHUSDTshort+0.0093%8h2,730.2+0.020%$252.6M$848.2M200x
OKX ETH-USDT-SWAP+0.0095%8h2,730+0.015%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,730.4+0.028%$112.2M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.075%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.1−0.057%$4.9M$150K20xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.178%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,730+0.013%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.6+0.220%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.1+0.055%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.9+0.083%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.9+0.046%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,729.7+0.002%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.032%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731+0.048%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.196%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.2+0.019%$3.28B$8.91B200xas long as short
MEXC ETH_USDT+0.0100%8h2,730.3+0.022%$1.53B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,730+0.012%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.4+0.027%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.159%$134.8M$325.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.083%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.211%$159.1M$87.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.160%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.131%$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.5+0.105%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.9+0.046%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.4+0.064%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.2+0.092%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,730.8+0.042%$263.3M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,729.3−0.013%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.7+0.113%$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.4+0.064%$50.3M$4.32B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,731.6+0.072%$6.8M$692.4M4.9xas long as short
RISEx ETH/USDC+0.0115%1h2,730.7+0.040%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,732.9+0.120%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,730.5+0.030%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.7+0.038%$83.4M$311.4M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,733.3+0.133%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,731.3+0.059%$281.7M$175.2M150xas long as short