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−0.0009%/8h= −1.0% APRnext payment $0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against MEXC−0.018%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$100.105% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.018%, 7d avg +0.008%
Together, before fees+0.040%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,742.60.0088pay 0.0088% / 8h5h 35m$1.56B$2.54B500x
ShortAster ETHUSDT2,742.10.0079get 0.0079% / 8h5h 35m$252.3M$841.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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
−$1.82
Price spread: −0.018% → +0.008%
−$2.58
Slippage, 4 orders
−$0.47
Fee MEXC: 1 bp × 2 orders
−$2
Fee Aster: 4 bp × 2 orders
−$8
Net
−$14.87
Costs to cover
0.105%
Break-even
never at this rate
Slippage from MEXC: 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 MEXC live order book, 4 min ago0.02 bp1.0 bp −$11.1 bp −$111.6 bp −$1594.0 bp −$1,975
Sell Aster live order book, 4 min ago0.13 bp4.3 bp −$44.6 bp −$465.0 bp −$50111.2 bp −$5,596

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
Hotstuff ETH-PERP−0.0080%1h2,741.5−0.040%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.019%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743+0.016%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,742−0.021%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,741.9−0.027%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.1+0.018%$22.2M200xas long as short
Phoenix ETH+0.0017%1h2,741.5−0.040%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741.6−0.036%$182K$916K50xas long as short
BingX ETH-USDT+0.0050%8h2,742.9+0.010%$1.15Bas long as short
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.133%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,742.2−0.016%$383.2M$597.1M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,743+0.015%$1.70B$10.58B100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.8−0.028%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0079%1h2,742.6−0.001%$181K$1.7M20xas long as short
Aster ETHUSDTshort+0.0079%8h2,742.1−0.018%$252.3M$841.2M200x
MEXC ETH_USDTlong+0.0088%8h2,742.6long leg$1.56B$2.54B500x
Aevo ETH-PERP+0.0088%1h2,740.5−0.075%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,742.9+0.011%$6.37B$15.70B150xas long as short
HTX ETH-USDT+0.0094%8h2,741.7−0.031%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,740.9−0.061%$112.7M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,742.3−0.011%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.2−0.013%$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.4+0.028%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.9+0.085%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.2−0.051%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.9−0.025%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.5+0.070%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.7−0.033%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743+0.015%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.080%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7−0.032%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.039%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.3+0.026%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.1+0.020%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5−0.040%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.070%$132.6M$333.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.200%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740−0.096%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,740.1−0.091%$21.2M$68.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.8+0.044%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,744.8+0.080%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.2−0.049%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742−0.022%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.9−0.026%$266.7M$65.0M150xas long as short
Vest ETH-PERP+0.0100%1h2,742.6+0.002%$819K50xas long as short
Extended ETH-USD+0.0104%1h2,740.4−0.081%$30.6M$72.4M50xas long as short
Bluefin ETH-PERP+0.0107%1h2,742.8+0.008%$21K$20K25xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.4−0.043%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0155%1h2,744.5+0.068%$258.8M$196.1M50xas long as short
Kalshi KXETHPERP+0.0157%8h2,741.1−0.054%$7.6M$669.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,745+0.088%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,738.6−0.147%$284.5M$181.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.9+0.013%$87.1M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742.3−0.010%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.4−0.042%$252K$1.4M20xas long as short