Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h 0.000%

Price spread now: Aster against StandX−0.019%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.019%, 7d avg −0.013%

Together, before fees−0.046%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ETH-USD	2,771.3	0.0100	pay 0.0013% / 1h	57m 17s	$21.4M	$58.5M	40x
Short	Aster ETHUSDT	2,770.8	0.0036	get 0.0036% / 8h	7h 57m	$255.8M	$1.00B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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

Position, each leg$Hold fordaysFee StandXbpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$13.36
Price spread: −0.019% → −0.013%: −$0.66
Slippage, 4 orders: −$3.77
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.79
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Aster: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 2 min ago	1.08 bp	5.8 bp −$6	6.1 bp −$61	7.3 bp −$726	16.0 bp −$8,009
Sell Aster live order book, 2 min ago	0.40 bp	4.5 bp −$4	4.6 bp −$46	5.3 bp −$527	11.8 bp −$5,892

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,771.6	+0.011%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0223%	43m	2,769.7	−0.057%	$284K	$6.8M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,770.8	−0.020%	$5.7M	$11.9M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.1	−0.007%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0016%	1h	2,770.4	−0.032%	$168K	$1.2M	50x	as long as short
Bullet ETH-USD	−0.0015%	1h	2,770.3	−0.036%	$182K	$1.7M	20x	as long as short
SoDEX ETH-USD	−0.0014%	1h	2,770.3	−0.036%	$55.2M	$228.8M	40x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	2,773.8	+0.090%	$8.7M	$32.9M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.5	−0.028%	$12.7M	$45.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,771.4	+0.004%	$8.1M	$689.9M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ETH	+0.0003%	1h	2,771.4	+0.004%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.5	+0.009%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,770.9	−0.014%	$1.71B	$11.80B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,771.2	−0.003%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0035%	1h	2,773.5	+0.079%	$29K	$22K	20x	as long as short
Aster ETHUSDTshort	+0.0036%	8h	2,770.8	−0.019%	$255.8M	$1.00B	200x
Gate ETH_USDT	+0.0044%	8h	2,770.6	−0.025%	$3.29B	$8.88B	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,770.2	−0.039%	$5.0M	$320K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,771	−0.011%	$1.61B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,771	−0.011%	$6.46B	$17.26B	150x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,771.2	−0.003%	$2.10B	$3.07B	150x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,770.6	−0.025%	$422.4M	$736.6M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,771.8	+0.018%	$60.8M	$4.58B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0086%	1h	2,772.2	+0.031%	$259.1M	$221.7M	50x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,770.7	−0.022%	—	$1.24B	—	as long as short
Vest ETH-PERP	+0.0096%	1h	2,770.7	−0.023%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,771.1	−0.008%	$115.1M	$455.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.9	+0.022%	$25.3M	$109.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,769.9	−0.050%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.3	−0.036%	$484K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.8	−0.019%	$14.4M	$118.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.6	+0.047%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.6	−0.025%	$31.2M	$319.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.1	−0.007%	$2.51B	$4.59B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.6	−0.061%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.4	+0.004%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.5	−0.028%	$170.6M	$266.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772	+0.025%	$15.2M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	+0.091%	$151.5M	$345.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,774.3	+0.108%	$182.1M	$783.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776	+0.171%	$161.4M	$88.9M	50x	as long as short
StandX ETH-USDlong	+0.0100%	1h	2,771.3	long leg	$21.4M	$58.5M	40x
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.3	−0.036%	$10.6M	$8.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.9	−0.016%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773	+0.061%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	−0.060%	$971K	$13.8M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,770.1	−0.043%	$1.08B	$1.31B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,770.2	−0.040%	$269.8M	$68.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.3	−0.036%	$32.5M	$78.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.6	−0.025%	—	$42.2M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.8	+0.019%	$90.7M	$328.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0146%	8h	2,772.8	+0.055%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0177%	8h	2,770.6	−0.027%	$286.6M	$192.8M	150x	as long as short
Hibachi ETH/USDT-P	+0.0192%	1h	2,772	+0.025%	$252K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0207%	1h	2,769.8	−0.054%	$7.3M	$1.2M	25x	as long as short