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+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.012%
Price spread now: Aster against OKX+0.037%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.037%, 7d avg +0.010%
Together, before fees−0.021%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,739.50.0063pay 0.0063% / 8h5h 39m$1.70B$10.56B100x
ShortAster ETHUSDT2,740.50.0080get 0.0080% / 8h5h 39m$252.1M$841.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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
$3.61
Price spread: +0.037% → +0.010%
$2.72
Slippage, 4 orders
−$0.07
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$11.75
Costs to cover
0.181%
Break-even
29.8 days
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 5 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 OKX live order book, 5 min ago0.02 bp5.0 bp −$55.6 bp −$566.6 bp −$6618.1 bp −$4,071
Sell Aster live order book, 5 min ago0.02 bp4.0 bp −$44.7 bp −$476.5 bp −$64513.6 bp −$6,813

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−0.0112%43m2,740.3+0.030%$304K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.3+0.067%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.133%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.7−0.029%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,740.8+0.049%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,738.8−0.023%$22.1M200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.191%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.7+0.008%$182K$916K50xas long as short
BingX ETH-USDC+0.0049%8h2,738−0.055%$18.5Mas long as short
OKX ETH-USDT-SWAPlong+0.0063%8h2,739.5long leg$1.70B$10.56B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,739−0.017%$383.2M$597.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,739.7+0.007%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0077%1h2,738.4−0.039%$181K$1.7M20xas long as short
Aster ETHUSDTshort+0.0080%8h2,740.5+0.037%$252.1M$841.2M200x
Aevo ETH-PERP+0.0088%1h2,737.9−0.057%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0089%8h2,738.2−0.045%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0090%8h2,738.9−0.020%$6.37B$15.71B150xas long as short
HTX ETH-USDT+0.0096%8h2,740.4+0.034%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,740+0.019%$112.7M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,742.2+0.098%$24.6M$103.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.2+0.062%$30.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.6+0.076%$58.7M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,743.1+0.133%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.2−0.010%$468K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.2−0.010%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.7+0.081%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.3+0.031%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,739.6+0.004%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.3−0.043%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.5+0.003%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.148%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.7+0.009%$3.39B$8.71B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.4−0.003%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.4+0.033%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,736.2−0.119%$132.4M$335.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.009%$182.0M$689.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.148%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.109%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,740.8+0.049%$21.2M$68.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.6+0.042%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.2+0.027%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.3+0.067%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.8+0.120%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,739.7+0.009%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.8+0.049%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,740.6+0.041%$266.6M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,738.3−0.041%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,742.2+0.099%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0155%1h2,741.9+0.087%$258.7M$196.1M50xas long as short
Kalshi KXETHPERP+0.0155%8h2,741.3+0.067%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,743.3+0.141%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,736.5−0.110%$284.1M$177.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.068%$87.1M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,739−0.018%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,742+0.091%$250K$1.4M20xas long as short