Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.007%

Price spread now: Extended against Aster−0.066%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.066%, 7d avg −0.054%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,721.7	0.0083	pay 0.0083% / 8h	2h 23m	$251.7M	$845.1M	200x
Short	Extended ETH-USD	2,719.9	0.0104	get 0.0013% / 1h	23m 04s	$30.4M	$74.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.066%Rate

Funding earned: $4.38
Price spread: −0.066% → −0.054%: −$1.26
Slippage, 4 orders: −$0.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.68
Costs to cover: 0.138%
Break-even: 24.1 days

Slippage from Aster: live order book, 6 min ago; Extended: live order book, 1 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, 6 min ago	0.20 bp	4.2 bp −$4	4.2 bp −$42	5.8 bp −$584	12.3 bp −$6,144
Sell Extended live order book, 1 min ago	0.18 bp	2.7 bp −$3	2.7 bp −$27	4.0 bp −$397	11.4 bp −$5,693

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	2,719.5	−0.080%	$280K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,721.6	−0.002%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,720.6	−0.041%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,719.9	−0.066%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	−0.061%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,720.4	−0.046%	$32.0M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,721.2	−0.017%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.168%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,722.4	+0.026%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,720.2	−0.054%	$189K	$824K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,721.6	−0.003%	$2.34B	$4.40B	150x	as long as short
SunX ETH-USDT	+0.0068%	8h	2,718.9	−0.103%	$953K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,719.5	−0.079%	$180K	$1.7M	20x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,715.8	−0.215%	$8.6M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,721.3	−0.012%	$373.3M	$576.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0081%	1h	2,719.9	−0.066%	$30K	$20K	20x	as long as short
Aster ETHUSDTlong	+0.0083%	8h	2,721.7	long leg	$251.7M	$845.1M	200x
MEXC ETH_USDT	+0.0088%	8h	2,721.9	+0.010%	$1.54B	$2.59B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,718	−0.133%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,722.8	+0.042%	$6.31B	$16.07B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0095%	8h	2,721.8	+0.006%	$1.66B	$10.80B	100x	as long as short
Phemex ETHUSDT	+0.0096%	8h	2,721.2	−0.017%	$262.2M	$64.9M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,721.6	−0.003%	$111.8M	$434.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,722.7	+0.040%	$23.5M	$103.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,719.2	−0.090%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,722.6	+0.036%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,719.3	−0.087%	$13.8M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,723.9	+0.082%	$3.08B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,721	−0.023%	$31.9M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,719.3	−0.087%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,720.1	−0.058%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,719	−0.099%	$161.7M	$327.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,721.7	+0.003%	$3.30B	$8.99B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,722.1	+0.015%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,721.4	−0.011%	$14.9M	$43.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.202%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,715.8	−0.215%	$184.0M	$676.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,721	−0.023%	$158.3M	$86.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,722	+0.012%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,721.5	−0.006%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,721.1	−0.021%	$11.1M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,720.7	−0.034%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,722	+0.013%	$40.8M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,720.6	−0.039%	$54.2M	$187.7M	40x	as long as short
Extended ETH-USDshort	+0.0104%	1h	2,719.9	−0.066%	$30.4M	$74.1M	50x
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,720	−0.059%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,722.1	+0.015%	$49.5M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,719.9	−0.065%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0151%	8h	2,721	−0.024%	$6.9M	$693.1M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,721.9	+0.008%	$259.3M	$207.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,721.5	−0.007%	$82.8M	$312.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,722.9	+0.045%	$32.0M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0200%	1h	2,718.9	−0.102%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0264%	1h	2,722.1	+0.016%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,720.5	−0.044%	$281.1M	$173.9M	150x	as long as short