Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.011%

Price spread now: Aster against 01 Exchange+0.058%7-day average −0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.058%, 7d avg −0.011%

Together, before fees−0.014%+ Points / potential airdropAster: Stage 5 · farm board−$1 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 0.069% dearer against 01 Exchange than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ETHUSD	2,774.4	−0.0008	get 0.0001% / 1h	4m 07s	$168K	$1.2M	50x
Short	Aster ETHUSDT	2,776	0.0032	get 0.0032% / 8h	4m 07s	$256.3M	$1.00B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $8.3
Price spread: +0.058% → −0.011%: $6.85
Slippage, 4 orders: −$7.21
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.06
Costs to cover: 0.222%
Break-even: 13.0 days

Slippage from 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange live order book, 5 min ago	0.18 bp	6.3 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.02 bp	4.3 bp −$4	4.8 bp −$48	6.4 bp −$637	13.1 bp −$6,549

ETH on 55 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
Perpl ETH	−0.0223%	43m	2,773.7	−0.026%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,774	−0.013%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.443%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.4	−0.072%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0021%	1h	2,769.3	−0.185%	$8.7M	$32.9M	100x	as long as short
01 Exchange ETHUSDlong	−0.0008%	1h	2,774.4	long leg	$168K	$1.2M	50x
dYdX ETH-USD	0.0000%	1h	2,774.1	−0.011%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,771.5	−0.105%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.9	+0.054%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,775.8	+0.050%	$1.71B	$11.91B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0024%	8h	2,775.1	+0.024%	$270.5M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,775.7	+0.046%	$12.8M	—	200x	as long as short
SoDEX ETH-USD	+0.0030%	1h	2,774.9	+0.018%	$55.3M	$228.7M	40x	as long as short
Aftermath Perps ETHUSD	+0.0030%	1h	2,772	−0.087%	$29K	$22K	20x	as long as short
Aster ETHUSDTshort	+0.0032%	8h	2,776	+0.058%	$256.3M	$1.00B	200x
Bullet ETH-USD	+0.0034%	1h	2,774.9	+0.019%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,775.4	+0.035%	$1.62B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,776.6	+0.079%	$6.47B	$17.29B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,773.3	−0.040%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,775.9	+0.054%	$2.11B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,775.7	+0.046%	$3.29B	$9.70B	200x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,775.6	+0.044%	$421.8M	$738.3M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,776.4	+0.070%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,775.7	+0.045%	—	$1.24B	—	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,777.1	+0.098%	$60.7M	$4.60B	50x	as long as short
Nado ETH-PERP	+0.0092%	1h	2,774.5	+0.005%	$14.3M	$118.2M	50x	as long as short
HTX ETH-USDT	+0.0093%	8h	2,774.7	+0.011%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.5	+0.041%	$115.2M	$501.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.8	+0.086%	$25.3M	$122.1M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,774	−0.016%	—	$1.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0099%	1h	2,776.4	+0.072%	$259.1M	$222.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.3	−0.040%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773.5	−0.032%	$483K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778	+0.130%	$3.18B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.2	−0.007%	$31.3M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,771.3	−0.112%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.7	+0.011%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.180%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.9	+0.053%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	−0.212%	$148.3M	$337.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.8	−0.166%	$181.8M	$784.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	−0.125%	$161.1M	$89.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.8	−0.130%	$21.4M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,774.8	+0.014%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776	+0.056%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,774.2	−0.006%	$973K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.5	+0.113%	$42.8M	$29.4M	15x	as long as short
Kalshi KXETHPERP	+0.0101%	8h	2,772.3	−0.076%	$8.4M	$688.6M	4.9x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.1	−0.011%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,773.8	−0.023%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,776.8	+0.086%	$90.8M	$338.2M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0144%	8h	2,778.1	+0.133%	$32.6M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,770	−0.158%	$286.6M	$193.5M	150x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,771.5	−0.104%	$252K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0206%	1h	2,774.2	−0.006%	$7.4M	$1.2M	25x	as long as short