Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h +0.010%

Price spread now: dYdX against Aster+0.013%7-day average −0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days+0.025%+$3 · spread now +0.013%, 7d avg −0.011%

Together, before fees+0.175%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.025% dearer against Aster than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.011%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.150%, 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	Aster ETHUSDT	2,729.6	0.0087	pay 0.0087% / 8h	7h 56m	$252.2M	$851.2M	200x
Short	dYdX ETH-USD	2,730	0	get 0.0000% / 1h	56m 33s	$10.5M	$41.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$18.24
Price spread: +0.013% → −0.011%: $2.46
Slippage, 4 orders: −$5.79
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$39.57
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; dYdX: live order book, 3 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, 3 min ago	0.02 bp	4.5 bp −$4	4.6 bp −$46	5.6 bp −$563	11.1 bp −$5,547
Sell dYdX live order book, 3 min ago	2.02 bp	7.0 bp −$7	24.6 bp −$246	45.1 bp −$4,505	72.5 bp −$36.2K

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	−0.0447%	43m	2,729.8	+0.006%	$281K	$5.7M	8.3x	as long as short
Phemex ETHUSDT	−0.0405%	8h	2,729.9	+0.009%	$263.1M	$63.9M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.9	−0.064%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,728.7	−0.034%	$805K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.2	+0.021%	$11.9M	—	200x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,730	+0.013%	$10.5M	$41.8M	50x
Kalshi KXETHPERP	0.0000%	8h	2,729	−0.023%	$6.7M	$672.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,730.7	+0.038%	$264.4M	$218.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,730.4	+0.028%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0050%	8h	2,729.3	−0.013%	—	$1.07B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0072%	1h	2,730.4	+0.028%	$191K	$884K	50x	as long as short
OKX ETH-USDT-SWAP	+0.0078%	8h	2,728.5	−0.043%	$1.66B	$10.74B	100x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,726.5	−0.115%	$240K	$1.4M	20x	as long as short
KuCoin ETHUSDTM	+0.0084%	8h	2,730.4	+0.029%	$384.1M	$575.7M	100x	as long as short
Aster ETHUSDTlong	+0.0087%	8h	2,729.6	long leg	$252.2M	$851.2M	200x
ApeX Omni ETHUSDT	+0.0089%	1h	2,726.3	−0.121%	$8.4M	$31.2M	100x	as long as short
Aftermath Perps ETHUSD	+0.0094%	1h	2,725.8	−0.139%	$30K	$20K	20x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,729.4	−0.009%	$1.57B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,729.4	−0.007%	$6.31B	$16.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.2	+0.020%	$112.2M	$399.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.1	+0.053%	$23.6M	$95.4M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.2	−0.053%	$4.9M	$191K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.3	−0.012%	$500K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,732.8	+0.116%	$15.4M	$7.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.3	−0.013%	$14.1M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,732.8	+0.116%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.8	+0.041%	$32.1M	$332.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,728.5	−0.041%	$2.32B	$4.32B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.8	+0.006%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.8	+0.006%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.1	−0.093%	$161.7M	$337.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.4	−0.008%	$3.30B	$8.19B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.3	−0.011%	$2.11B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.7	+0.040%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723	−0.245%	$131.2M	$318.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725	−0.171%	$185.4M	$683.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,725.7	−0.146%	$158.4M	$81.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.1	+0.017%	$21.0M	$70.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731	+0.049%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.5	+0.032%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,730	+0.015%	$180K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,730.3	+0.026%	$20K	$23K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.7	+0.074%	$40.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.6	−0.002%	$961K	$10.7M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,730	+0.013%	$54.4M	$182.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,729.6	−0.001%	$1.05B	$1.22B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.6	−0.040%	$30.4M	$71.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,727.4	−0.081%	—	$30.1M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,730.4	+0.029%	$81.9M	$310.5M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,731.2	+0.057%	$46.6M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,730.3	+0.023%	$5.6M	$11.6M	25x	as long as short
BloFin ETH-USDT	+0.0159%	8h	2,730.7	+0.038%	$283.1M	$177.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0176%	1h	2,728.6	−0.038%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,732.7	+0.113%	$32.2M	$11.3M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,728.7	−0.034%	$117K	$19.0M	52x	as long as short