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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.036%
Price spread now: Aster against Paradex+0.130%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.130% dearer against Paradex than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.70600.0049pay 0.0049% / 8h4h 22m$6K5x
ShortAster ETHFIUSDT0.70690.0100get 0.0050% / 4h22m 28s$181K$262K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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
$10.66
Price spread: +0.130% → 0.000%
$12.99
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
$11.65
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 34 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Aster live order book, 34 min ago7.76 bp25.5 bp −$25doesn't fitdoesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0598%1h0.7069+0.130%$40K$12K10xas long as short
HTX ETHFI-USDT−0.0302%4h0.7058−0.026%$87K$168K20xas long as short
Orderly PERP_ETHFI_USDC−0.0222%4h0.7067+0.102%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.552%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7072+0.174%$265K$209K20xas long as short
Paradex ETHFI-USD-PERPlong+0.0049%8h0.7060long leg$6K5x
Lighter ETHFI+0.0096%1h0.7070+0.138%$1.1M$879K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7069+0.133%$17.5M$7.9M5xas long as short
Aster ETHFIUSDTshort+0.0100%4h0.7069+0.130%$181K$262K10x
Binance ETHFIUSDT+0.0100%4h0.7059−0.012%$24.5M$35.2M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7065+0.073%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7071+0.158%$5.1M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7070+0.144%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7059−0.012%$15.7M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7072+0.172%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7060+0.002%$6.1M$5.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7064+0.059%$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h0.7054−0.080%$977K$710Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7079+0.267%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7074+0.201%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7056−0.056%$97K$379K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7068+0.110%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7062+0.031%$1.2M$248K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7096+0.512%$31K$6K50xas long as short