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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Polymarket Perps against Aster+0.098%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$550.553% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.040%−$4 on $10k
Price spread, last 4 days (all we have)−1.030%−$103 · spread now +0.098%, 7d avg +0.041%
Together, before fees−1.070%+ Points / potential airdropAster: Stage 5 · farm board−$107 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: Polymarket Perps is 0.057% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHFIUSDT0.69730.0100pay 0.0050% / 4h3h 51m$178K$223K10x
ShortPolymarket Perps ETHFI-USD0.69800.0100get 0.0013% / 1h51m 51s$52K$149K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: +0.098% → +0.041%
$5.74
Slippage, 4 orders
−$39.27
Fee Aster: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$49.53
Costs to cover
0.553%
Break-even
never at this rate
Slippage from Aster: live order book, 45 min ago; Polymarket Perps: live order book, 11 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 Aster live order book, 45 min ago4.33 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 11 min ago2.87 bp8.2 bp −$8doesn't fitdoesn't fitdoesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0467%1h0.6967−0.088%$41K$12K10xas long as short
Bybit ETHFIUSDT−0.0419%4h0.6965−0.117%$17.1M$12.9M25xas long as short
HTX ETHFI-USDT−0.0332%4h0.6963−0.146%$83K$149K20xas long as short
Orderly PERP_ETHFI_USDC−0.0284%4h0.6969−0.060%$16K$1K10xas long as short
Variational Omni ETHFI−0.0269%4h0.6948−0.356%$915K$785Kas long as short
Paradex ETHFI-USD-PERP−0.0124%8h0.6963−0.142%$6K5xas long as short
Extended ETHFI-USD0.0000%1h0.6960−0.193%$95K$505K10xas long as short
MEXC ETHFI_USDT0.0000%4h0.6963−0.146%$15.9M$4.1M125xas long as short
Binance ETHFIUSDT+0.0001%4h0.6963−0.146%$24.3M$36.0M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.827%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0080%1h0.6962−0.159%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6975+0.026%$1.1M$825K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6971−0.030%$16.7M$8.6M5xas long as short
Aster ETHFIUSDTlong+0.0100%4h0.6973long leg$178K$223K10x
OKX ETHFI-USDT-SWAP+0.0100%4h0.6970−0.045%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6971−0.031%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6970−0.045%$1.2M$214K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6966−0.103%$6.1M$4.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6966−0.103%$10.7Mas long as short
Polymarket Perps ETHFI-USDshort+0.0100%1h0.6980+0.098%$52K$149K5x
SunX ETHFI-USDT+0.0100%4h0.6985+0.170%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0200%4h0.6975+0.026%$1.2M$232K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0336%1h0.6990+0.241%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0865%1h0.6982+0.120%$291K$283K20xas long as short