Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.009%

Price spread now: Aster against ApeX Omni−0.117%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.117%, 7d avg 0.000%

Together, before fees+0.222%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.117% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,742.5	0.0100	pay 0.0013% / 1h	39m 13s	$8.9M	$31.0M	100x
Short	Aster ETHUSDT	2,739.3	0.0080	get 0.0080% / 8h	5h 39m	$252.0M	$841.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$4.17
Price spread: −0.117% → 0.000%: −$11.67
Slippage, 4 orders: −$0.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.56
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Aster: live order book, 5 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 ApeX Omni live order book, 5 min ago	0.35 bp	5.3 bp −$5	5.3 bp −$53	21.0 bp −$2,097	43.6 bp −$21.8K
Sell Aster live order book, 5 min ago	0.02 bp	4.0 bp −$4	4.7 bp −$47	6.5 bp −$645	13.6 bp −$6,813

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
Perpl ETH	−0.0112%	43m	2,740.3	−0.079%	$304K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,741.3	−0.042%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	+0.024%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,738.7	−0.137%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,740.8	−0.060%	$10.8M	$41.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,738.8	−0.132%	$22.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,744.7	+0.082%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,739.7	−0.100%	$182K	$916K	50x	as long as short
BingX ETH-USDC	+0.0049%	8h	2,738	−0.163%	—	$18.5M	—	as long as short
OKX ETH-USDT-SWAP	+0.0063%	8h	2,738.6	−0.140%	$1.70B	$10.56B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0063%	8h	2,739	−0.126%	$383.2M	$597.9M	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,739.7	−0.102%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,738.4	−0.148%	$181K	$1.7M	20x	as long as short
Aster ETHUSDTshort	+0.0080%	8h	2,739.3	−0.117%	$252.0M	$841.2M	200x
Aevo ETH-PERP	+0.0088%	1h	2,735.6	−0.250%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,738.2	−0.154%	$1.55B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,738.4	−0.148%	$6.36B	$15.71B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,738.1	−0.160%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,738.7	−0.139%	$112.6M	$432.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.2	−0.082%	$24.6M	$103.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,741.2	−0.046%	—	$30.8M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,739.3	−0.116%	$58.7M	$4.26B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,743.1	+0.024%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.2	−0.119%	$468K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739.2	−0.119%	$13.9M	$106.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741.7	−0.027%	$3.12B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.3	−0.078%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,739	−0.127%	$2.45B	$4.18B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,738.3	−0.151%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.5	−0.106%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.5	+0.039%	$165.1M	$304.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.7	−0.136%	$3.39B	$8.71B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,738.3	−0.150%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,740.4	−0.076%	$14.9M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,736.2	−0.227%	$132.4M	$335.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.2	−0.117%	$182.0M	$689.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.5	+0.039%	$159.5M	$82.5M	50x	as long as short
ApeX Omni ETHUSDTlong	+0.0100%	1h	2,742.5	long leg	$8.9M	$31.0M	100x
StandX ETH-USD	+0.0100%	1h	2,740.8	−0.060%	$21.2M	$68.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.6	−0.067%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.2	−0.082%	$11.0M	$8.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.1	−0.123%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,740.2	−0.083%	$41.5M	$29.5M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.3	−0.150%	$960K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,738.2	−0.155%	$54.5M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,738.2	−0.154%	$266.3M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.6	−0.177%	$30.6M	$72.4M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0126%	1h	2,739.7	−0.102%	$258.7M	$196.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0136%	1h	2,742.2	−0.010%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0156%	8h	2,740.5	−0.071%	$7.7M	$668.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,740.6	−0.068%	$32.2M	$11.4M	100x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,738.4	−0.148%	$284.3M	$177.3M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,739	−0.124%	$87.0M	$310.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,739	−0.126%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,742	−0.018%	$250K	$1.4M	20x	as long as short