Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against Aster−0.005%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.005%, 7d avg −0.030%

Together, before fees−0.130%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.025% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHFIUSDT	0.7165	0.0100	pay 0.0050% / 4h	2h 01m	$183K	$258K	10x
Short	OKX ETHFI-USDT-SWAP	0.7165	0.0100	get 0.0050% / 4h	2h 01m	$5.0M	$12.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.030%: $2.55
Slippage, 4 orders: −$71.85
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.3
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from Aster: live order book, 66 min ago; OKX: 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 Aster live order book, 66 min ago	6.25 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.40 bp	13.2 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit

ETHFI on 23 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
Deribit ETHFI_USDC-PERPETUAL	−0.0308%	1h	0.7161	−0.060%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0198%	4h	0.7157	−0.116%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0124%	4h	0.7149	−0.228%	$88K	$168K	20x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.042%	$321	$51K	5.5x	as long as short
Variational Omni ETHFI	+0.0064%	4h	0.7160	−0.078%	$1.1M	$717K	—	as long as short
Paradex ETHFI-USD-PERP	+0.0066%	8h	0.7157	−0.114%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7166	+0.009%	$1.1M	$888K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7160	−0.070%	$17.9M	$8.1M	5x	as long as short
Aster ETHFIUSDTlong	+0.0100%	4h	0.7165	long leg	$183K	$258K	10x
Binance ETHFIUSDT	+0.0100%	4h	0.7155	−0.144%	$24.9M	$35.8M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7162	−0.047%	$18.0M	$12.5M	25x	as long as short
OKX ETHFI-USDT-SWAPshort	+0.0100%	4h	0.7165	−0.005%	$5.0M	$12.2M	20x
Gate ETHFI_USDT	+0.0100%	4h	0.7162	−0.047%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7158	−0.102%	$15.5M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7164	−0.019%	$1.2M	$254K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7157	−0.116%	$6.1M	$5.3M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7163	−0.033%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7185	+0.272%	$71K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7163	−0.033%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7156	−0.129%	$97K	$376K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7156	−0.124%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0160%	1h	0.7253	+1.223%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0226%	1h	0.7171	+0.075%	$275K	$188K	20x	as long as short