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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.36 per $10,000 · paid last 24h −0.004%
Price spread now: Aster against Bybit+0.016%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.016%, 7d avg +0.006%
Together, before fees+0.009%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,738.70.0054pay 0.0054% / 8h3h 59m$2.38B$4.36B150x
ShortAster ETHUSDT2,739.10.0089get 0.0089% / 8h3h 59m$251.2M$842.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$7.49
Price spread: +0.016% → +0.006%
$0.96
Slippage, 4 orders
−$0.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$11.42
Costs to cover
0.199%
Break-even
17.7 days
Slippage from Bybit: 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 Bybit live order book, 4 min ago0.02 bp5.5 bp −$65.7 bp −$576.6 bp −$6628.0 bp −$4,001
Sell Aster live order book, 4 min ago0.13 bp4.1 bp −$44.7 bp −$475.4 bp −$53711.4 bp −$5,688

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−0.0447%43m2,738−0.027%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.164%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.2−0.055%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.4+0.027%$11.9M200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.051%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,738.2−0.020%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.6+0.033%$28.1M200xas long as short
01 Exchange ETHUSD+0.0008%1h2,739.4+0.026%$187K$822K50xas long as short
Bullet ETH-USD+0.0016%1h2,739.1+0.015%$180K$1.7M20xas long as short
HTX ETH-USDT+0.0024%8h2,739+0.009%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0043%8h2,739.1+0.015%$18.4Mas long as short
Bybit ETHUSDTlong+0.0054%8h2,738.7long leg$2.38B$4.36B150x
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.095%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,739.2+0.019%$380.3M$573.7M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,739.3+0.023%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0077%8h2,739.2+0.017%$266.0M$65.1M150xas long as short
Aster ETHUSDTshort+0.0089%8h2,739.1+0.016%$251.2M$842.0M200x
Lighter ETH+0.0096%1h2,739.6+0.032%$113.1M$442.3M50xas long as short
Lighter RH ETH+0.0096%1h2,740.6+0.068%$23.5M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,738.1−0.021%$31.0M500xas long as short
MEXC ETH_USDT+0.0096%8h2,739+0.009%$1.55B$2.57B500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.8−0.068%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0098%8h2,739+0.012%$6.37B$15.89B150xas long as short
RISEx ETH/USDC+0.0099%1h2,739.6+0.033%$5.7M$11.7M25xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,742.7+0.147%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.4−0.011%$500K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.7+0.001%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,741+0.084%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,739.7+0.035%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.8−0.033%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.4+0.027%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.184%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,739+0.011%$3.34B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.9+0.008%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.3−0.013%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.051%$134.0M$324.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,735.2−0.128%$184.0M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.077%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,736.2−0.091%$21.1M$68.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.6+0.069%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,739+0.011%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.2+0.090%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.9−0.028%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,739.2+0.018%$54.6M$187.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.6+0.034%$843K50xas long as short
Extended ETH-USD+0.0104%1h2,738−0.025%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.4+0.062%$51.4M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,736.1−0.096%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0129%8h2,738.9+0.007%$6.8M$679.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0188%1h2,740.7+0.071%$260.1M$197.1M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,741.7+0.108%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,738.5−0.006%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,739.8+0.039%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,739.2+0.018%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2−0.054%$283.5M$175.9M150xas long as short