Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h 0.000%

Price spread now: StandX against Aster+0.089%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.089%, 7d avg +0.013%

Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and StandX is 0.076% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,784.2	0.0038	pay 0.0038% / 8h	52m 27s	$255.2M	$1.00B	200x
Short	StandX ETH-USD	2,786.7	0.0100	get 0.0013% / 1h	52m 27s	$21.5M	$58.3M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $13.07
Price spread: +0.089% → +0.013%: $7.62
Slippage, 4 orders: −$4.43
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: $0.27
Costs to cover: 0.204%
Break-even: 6.9 days

Slippage from Aster: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.02 bp	4.2 bp −$4	4.5 bp −$45	6.5 bp −$645	11.0 bp −$5,496
Sell StandX live order book, 2 min ago	1.62 bp	5.6 bp −$6	6.7 bp −$67	9.1 bp −$907	doesn't fit

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	2,787	+0.100%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,783	−0.045%	$5.7M	$11.9M	25x	as long as short
ApeX Omni ETHUSDT	−0.0131%	1h	2,779.8	−0.158%	$8.8M	$32.7M	100x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.062%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,784.2	−0.001%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0024%	1h	2,784.6	+0.013%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,781.3	−0.106%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,784.5	+0.009%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,785	+0.028%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,786.3	+0.073%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0015%	8h	2,783.4	−0.031%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,783.6	−0.023%	$1.70B	$11.92B	100x	as long as short
Phemex ETHUSDT	+0.0025%	8h	2,785.9	+0.059%	$271.4M	$68.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,786.4	+0.079%	$13.0M	—	200x	as long as short
Aster ETHUSDTlong	+0.0038%	8h	2,784.2	long leg	$255.2M	$1.00B	200x
Bullet ETH-USD	+0.0054%	1h	2,785.9	+0.060%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0064%	8h	2,783.2	−0.039%	$1.60B	$2.63B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,786	+0.063%	$5.1M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,783.9	−0.012%	$2.11B	$3.11B	150x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,784.2	−0.001%	$6.46B	$17.26B	150x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,783.5	−0.026%	$3.31B	$9.58B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,787.3	+0.109%	$60.3M	$4.62B	50x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,784.3	+0.001%	$2.52B	$4.63B	150x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,785.8	+0.057%	$1.08B	$1.32B	200x	as long as short
KuCoin ETHUSDTM	+0.0090%	8h	2,784.1	−0.004%	$424.4M	$739.3M	100x	as long as short
Nado ETH-PERP	+0.0093%	1h	2,783.1	−0.041%	$14.4M	$118.2M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,783.9	−0.012%	$116.3M	$495.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,786	+0.062%	$25.4M	$120.6M	50x	as long as short
Vest ETH-PERP	+0.0096%	1h	2,784.7	+0.017%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,783.5	−0.026%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,783	−0.044%	$479K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,786.9	+0.096%	$3.20B	$2.34B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,784.2	−0.003%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,782.8	−0.051%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,784.4	+0.007%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,777.9	−0.226%	$168.1M	$250.4M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,785.8	+0.055%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.4	−0.101%	$147.6M	$336.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	−0.067%	$182.1M	$780.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,784.1	−0.005%	$161.9M	$90.2M	50x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,786.7	+0.089%	$21.5M	$58.3M	40x
Polymarket Perps ETH-USD	+0.0100%	1h	2,785.2	+0.035%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,786.2	+0.072%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,787.4	+0.112%	$42.9M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,786.2	+0.071%	$977K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,785.8	+0.056%	$55.5M	$229.0M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0102%	1h	2,786.9	+0.095%	$258.9M	$222.7M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,782.8	−0.051%	$32.7M	$77.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,786.8	+0.094%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,787	+0.099%	$86.9M	$332.7M	100x	as long as short
Kalshi KXETHPERP	+0.0125%	8h	2,786.3	+0.074%	$8.4M	$681.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,788	+0.136%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0185%	8h	2,785.9	+0.058%	$285.4M	$195.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0197%	1h	2,783.7	−0.019%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0288%	1h	2,785.1	+0.030%	$271K	$1.5M	20x	as long as short