Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.024%

Price spread now: Aster against Bluefin+0.004%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Bluefin ETH-PERP	2,771.7	0.0100	pay 0.0013% / 1h	8m 09s	$21K	$22K	25x
Short	Aster ETHUSDT	2,771.9	0.0051	get 0.0051% / 8h	7h 08m	$261.0M	$855.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bluefin. 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 BluefinbpFee AsterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$10.28
Price spread: +0.004% → 0.000%: $0.43
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Aster: live order book, 6 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	0.02 bp	4.0 bp −$4	4.7 bp −$47	6.2 bp −$618	12.7 bp −$6,332

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective ETH/USDC PERP	−0.0752%	1h	2,773.8	+0.075%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,771.3	−0.015%	$5.6M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,770.9	−0.031%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773	+0.046%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,771.5	−0.008%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,770.8	−0.034%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.7	0.000%	$12.3M	$42.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.5	+0.029%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0013%	8h	2,771.4	−0.010%	$269.7M	$65.9M	150x	as long as short
Bullet ETH-USD	+0.0015%	1h	2,771.6	−0.004%	$185K	$1.7M	20x	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	+0.0032%	8h	2,771	−0.025%	$1.71B	$10.96B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,772.3	+0.020%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0048%	1h	2,772	+0.010%	$55.2M	$187.7M	40x	as long as short
Aster ETHUSDTshort	+0.0051%	8h	2,771.9	+0.004%	$261.0M	$855.9M	200x
Aevo ETH-PERP	+0.0056%	1h	2,770	−0.061%	$5.0M	$156K	20x	as long as short
MEXC ETH_USDT	+0.0059%	8h	2,770.9	−0.031%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,771.6	−0.004%	$6.48B	$16.04B	150x	as long as short
Aftermath Perps ETHUSD	+0.0070%	1h	2,771.6	−0.006%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0079%	8h	2,771.2	−0.019%	$2.10B	$2.82B	150x	as long as short
HTX ETH-USDT	+0.0079%	8h	2,771.7	−0.001%	$1.08B	$1.23B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,773.5	+0.062%	$60.4M	$4.40B	50x	as long as short
Gate ETH_USDT	+0.0084%	8h	2,771.2	−0.018%	$3.38B	$9.11B	200x	as long as short
Vest ETH-PERP	+0.0085%	1h	2,772.1	+0.012%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,772.1	+0.012%	$420.8M	$589.6M	100x	as long as short
ApeX Omni ETHUSDT	+0.0089%	1h	2,769	−0.098%	$8.6M	$31.4M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,772.3	+0.019%	$115.2M	$460.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.7	+0.071%	$25.6M	$112.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775.2	+0.125%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.8	+0.003%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.5	−0.009%	$14.5M	$112.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.3	+0.057%	$3.17B	$2.10B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.6	−0.004%	$31.4M	$328.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.4	−0.012%	$2.51B	$4.27B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.8	−0.034%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.8	+0.002%	$2.8M	$16.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,763.5	−0.296%	$172.0M	$292.0M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,771.1	−0.024%	—	$1.20B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.1	−0.023%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,769.2	−0.093%	$134.1M	$347.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.6	−0.114%	$183.7M	$750.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.4	−0.013%	$161.1M	$84.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773.8	+0.075%	$21.5M	$64.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.6	−0.005%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERPlong	+0.0100%	1h	2,771.7	long leg	$21K	$22K	25x
Derive ETH-PERP	+0.0100%	1h	2,773.7	+0.072%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.5	−0.010%	$972K	$12.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.3	−0.014%	$30.9M	$74.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,773	+0.048%	—	$36.0M	500x	as long as short
Kalshi KXETHPERP	+0.0116%	8h	2,772.4	+0.024%	$8.2M	$673.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,773.6	+0.069%	$98.0M	$314.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0157%	8h	2,774.4	+0.098%	$32.7M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,774.3	+0.091%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,771.6	−0.006%	$288.0M	$175.4M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0190%	1h	2,773.5	+0.064%	$259.1M	$201.6M	50x	as long as short
Reya ETHRUSDPERP	+0.0214%	1h	2,771.6	−0.004%	$7.3M	$1.1M	25x	as long as short