Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Aster+0.019%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$160.163% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.019%, 7d avg +0.001%

Together, before fees−0.030%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, 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	2,769.6	0.0032	pay 0.0032% / 8h	1h 30m	$255.7M	$990.7M	200x
Short	gTrade (Gains Network) ETH/USD	2,770.2	L +0.0006% / S −0.0006%	get 0.0001% / 1h	30m 10s	$22.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.019%Rate

Funding earned: −$5.48
Price spread: +0.019% → +0.001%: $1.78
Slippage, 4 orders: −$1.31
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$20.01
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 4 min ago	0.02 bp	4.0 bp −$4	4.6 bp −$46	5.4 bp −$544	10.3 bp −$5,170
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,454

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	2,768	−0.059%	$290K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,767.9	−0.062%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.1	−0.056%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,770.3	+0.024%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,768.8	−0.030%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0020%	1h	2,774.6	+0.180%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.9	−0.025%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,778.1	+0.305%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	2,770.2	+0.019%	$22.4M	—	200x
BingX ETH-USDT	+0.0016%	8h	2,769.5	−0.005%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.9	−0.027%	$1.70B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770	+0.013%	$12.9M	—	200x	as long as short
Phemex ETHUSDT	+0.0028%	8h	2,770.1	+0.015%	$269.4M	$68.8M	150x	as long as short
Aster ETHUSDTlong	+0.0032%	8h	2,769.6	long leg	$255.7M	$990.7M	200x
Bullet ETH-USD	+0.0036%	1h	2,769	−0.023%	$180K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0059%	8h	2,769.6	−0.002%	$6.43B	$17.16B	150x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,769.1	−0.021%	$1.62B	$2.66B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,767.9	−0.063%	$5.0M	$636K	20x	as long as short
Nado ETH-PERP	+0.0065%	1h	2,767.8	−0.067%	$14.3M	$118.0M	50x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,769.3	−0.013%	$3.28B	$9.60B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,769.5	−0.005%	$2.10B	$3.11B	150x	as long as short
SoDEX ETH-USD	+0.0072%	1h	2,769.4	−0.009%	$55.1M	$228.8M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0075%	1h	2,771.1	+0.052%	$258.3M	$222.2M	50x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,769.3	−0.012%	$2.51B	$4.61B	150x	as long as short
HTX ETH-USDT	+0.0093%	8h	2,769.3	−0.012%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,770.3	+0.022%	$114.8M	$499.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.5	+0.066%	$25.4M	$121.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,767.8	−0.066%	—	$41.6M	500x	as long as short
ApeX Omni ETHUSDT	+0.0097%	1h	2,777.8	+0.293%	$8.7M	$32.5M	100x	as long as short
KuCoin ETHUSDTM	+0.0098%	8h	2,769.2	−0.016%	$423.9M	$738.3M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,767.3	−0.083%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.6	−0.038%	$479K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771	+0.049%	$3.18B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767.9	−0.063%	$31.3M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.8	−0.103%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,769.8	+0.006%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,767.4	−0.080%	$166.0M	$246.7M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770	+0.012%	$15.1M	$44.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,769.4	−0.007%	$135.0M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,777.1	+0.268%	$180.0M	$780.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	+0.266%	$161.5M	$91.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.2	+0.056%	$21.4M	$58.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.2	−0.016%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.1	+0.017%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.5	−0.005%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771.7	+0.076%	$42.6M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.4	−0.045%	$971K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.9	−0.028%	$31.4M	$74.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.2	+0.056%	$60.0M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,769	−0.023%	$8.6M	$676.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,772	+0.084%	$32.5M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0168%	1h	2,771.7	+0.076%	$278K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,770.8	+0.041%	$86.0M	$331.6M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,768.3	−0.049%	$283.9M	$193.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,768.6	−0.036%	$7.3M	$1.2M	25x	as long as short