Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.003%
Price spread now: Aster against Bullet+0.004%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.004%, 7d avg −0.007%
Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,726.30.0035pay 0.0004% / 1h10m 15s$177K$1.7M20x
ShortAster ETHUSDT2,726.40.0079get 0.0079% / 8h3h 10m$250.6M$842.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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

Funding earned
$9.09
Price spread: +0.004% → −0.007%
$1.1
Slippage, 4 orders
−$1.4
Fee Bullet: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$7.21
Costs to cover
0.174%
Break-even
12.5 days
Slippage from Bullet: live order book, 4 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 4 min ago0.18 bp5.2 bp −$59.2 bp −$92doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago0.02 bp4.0 bp −$44.7 bp −$476.1 bp −$61312.5 bp −$6,231

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0335%43m2,726−0.011%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728+0.063%$5K$1K50xas long as short
HTX ETH-USDT−0.0018%8h2,726−0.010%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.6+0.013%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,729+0.099%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,727.3+0.037%$6.2M$686.0M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,728.1+0.067%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.019%$28.0M200xas long as short
BingX ETH-USDC+0.0027%8h2,725.6−0.025%$18.5Mas long as short
Bullet ETH-USDlong+0.0035%1h2,726.3long leg$177K$1.7M20x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,726.2−0.004%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.037%$186K$814K50xas long as short
SunX ETH-USDT+0.0059%8h2,725.6−0.027%$954K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,726.30.000%$377.5M$575.0M100xas long as short
Aster ETHUSDTshort+0.0079%8h2,726.4+0.004%$250.6M$842.2M200x
OKX ETH-USDT-SWAP+0.0079%8h2,726.4+0.003%$1.67B$10.72B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.085%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0085%8h2,726.7+0.014%$6.32B$15.94B150xas long as short
MEXC ETH_USDT+0.0086%8h2,726.30.000%$1.56B$2.58B500xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.064%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0089%1h2,726.6+0.011%$54.3M$187.8M40xas long as short
Phemex ETHUSDT+0.0089%8h2,726.6+0.012%$264.2M$64.7M150xas long as short
Lighter ETH+0.0096%1h2,727.1+0.030%$112.3M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.076%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,727.3+0.036%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.165%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.003%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.4+0.079%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.2+0.035%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.085%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.5+0.043%$31.8M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.7+0.015%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.1+0.029%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.071%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.4+0.005%$3.33B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.4+0.005%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.5+0.044%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.026%$134.7M$322.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.066%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.090%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728+0.063%$21.0M$71.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.6+0.047%$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.9+0.059%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.034%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.067%$40.9M$29.9M15xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.3+0.110%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728+0.064%$258.4M$202.7M50xas long as short
Extended ETH-USD+0.0104%1h2,725.7−0.023%$30.6M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,726.9+0.023%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.9+0.058%$50.5M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.5+0.043%$83.5M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,728.8+0.091%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.5−0.027%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.7+0.087%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0345%8h2,727.7+0.051%$282.2M$174.7M150xas long as short