Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.001%

Price spread now: Aster against RISEx−0.036%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.036%, 7d avg −0.002%

Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.035% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,751.4	0.0137	pay 0.0017% / 1h	3m 01s	$5.6M	$11.3M	25x
Short	Aster ETHUSDT	2,750.4	0.0072	get 0.0072% / 8h	7h 03m	$253.7M	$797.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$13.67
Price spread: −0.036% → −0.002%: −$3.46
Slippage, 4 orders: −$1.42
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.54
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Aster: live order book, 6 min ago.

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 RISEx live order book, 1 min ago	0.02 bp	3.0 bp −$3	4.5 bp −$45	281.8 bp −$28.2K	doesn't fit
Sell Aster live order book, 6 min ago	0.56 bp	4.6 bp −$5	4.6 bp −$46	5.5 bp −$548	11.8 bp −$5,912

ETH on 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,750.7	−0.027%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0033%	8h	2,749.8	−0.060%	$2.36B	$4.15B	150x	as long as short
Phemex ETHUSDT	−0.0022%	8h	2,750.9	−0.019%	$264.8M	$61.3M	150x	as long as short
Hibachi ETH/USDT-P	−0.0016%	1h	2,753.1	+0.059%	$240K	$1.3M	20x	as long as short
Phoenix ETH	−0.0012%	1h	2,752.2	+0.027%	$815K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751	−0.017%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,752	+0.019%	$11.1M	$41.5M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,751.4	−0.002%	$7.0M	$664.7M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,750.8	−0.022%	$274K	$5.3M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,751.2	−0.008%	$33.2M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,751.2	−0.009%	$182K	$926K	50x	as long as short
Deribit ETH-PERPETUAL	+0.0030%	1h	2,752.2	+0.029%	$266.5M	$210.7M	50x	as long as short
Gate ETH_USDT	+0.0041%	8h	2,750.5	−0.034%	$3.29B	$8.56B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0071%	8h	2,748.9	−0.092%	$1.67B	$10.21B	100x	as long as short
Aster ETHUSDTshort	+0.0072%	8h	2,750.4	−0.036%	$253.7M	$797.5M	200x
ApeX Omni ETHUSDT	+0.0075%	1h	2,751.7	+0.010%	$8.4M	$30.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,748.3	−0.115%	$4.9M	$199K	20x	as long as short
MEXC ETH_USDT	+0.0082%	8h	2,750.3	−0.043%	$1.58B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0082%	8h	2,750.2	−0.046%	$6.41B	$15.46B	150x	as long as short
HTX ETH-USDT	+0.0085%	8h	2,750.4	−0.039%	$1.05B	$1.17B	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,749.9	−0.055%	$367.9M	$482.2M	100x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,750.9	−0.020%	$54.8M	$160.1M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,751.4	−0.003%	$113.6M	$410.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,752.2	+0.028%	$24.8M	$100.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,751.1	−0.011%	—	$24.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,750.8	−0.023%	$513K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,755.4	+0.143%	$15.7M	$6.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,750.4	−0.040%	$14.6M	$100.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,752.9	+0.053%	$3.14B	$1.94B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,751.6	+0.006%	$32.2M	$327.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,751.8	+0.013%	$2.8M	$15.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,751.6	+0.007%	$1.5M	$15.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	−0.003%	$166.7M	$340.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,749.7	−0.063%	$2.12B	$2.55B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,749.4	−0.074%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,750.4	−0.039%	$15.0M	$37.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,752.6	+0.042%	$132.1M	$307.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,752.5	+0.037%	$186.5M	$693.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,751.4	0.000%	$160.0M	$73.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,752.4	+0.035%	$21.1M	$72.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,752.9	+0.053%	—	$415K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,752.1	+0.024%	$11.3M	$9.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,750.9	−0.019%	$178K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,750.7	−0.026%	$948K	$10.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.9	−0.094%	$30.4M	$68.6M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,751.6	+0.006%	$82.7M	$291.5M	100x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,750.3	−0.040%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,752	+0.021%	$45.6M	$4.13B	50x	as long as short
RISEx ETH/USDClong	+0.0137%	1h	2,751.4	long leg	$5.6M	$11.3M	25x
Reya ETHRUSDPERP	+0.0167%	1h	2,750.2	−0.046%	$7.4M	$896K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,753.1	+0.061%	$32.4M	$10.5M	100x	as long as short
BloFin ETH-USDT	+0.0219%	8h	2,751.3	−0.005%	$281.4M	$170.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,755.1	+0.133%	$122K	$23.8M	52x	as long as short
Bluefin ETH-PERP	+0.0592%	1h	2,751.1	−0.012%	$20K	$15K	25x	as long as short