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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against Aster+0.127%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$970.975% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.077%−$8 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.127%, 7d avg −0.024%
Together, before fees−0.318%+ Points / potential airdropAster: Stage 5 · farm board−$32 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: Bybit is 0.151% dearer against Aster than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHFIUSDT0.71830.0100pay 0.0050% / 4h2h 28m$183K$258K10x
ShortBybit ETHFIUSDT0.71920.0100get 0.0050% / 4h2h 28m$18.1M$12.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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
$0
Price spread: +0.127% → −0.024%
$15.11
Slippage, 4 orders
−$78.45
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$82.34
Costs to cover
0.975%
Break-even
never at this rate
Slippage from Aster: live order book, 38 min ago; Bybit: 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 Aster live order book, 38 min ago6.25 bp44.7 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.70 bp15.8 bp −$1656.9 bp −$569doesn't fitdoesn't fit

ETHFI on 23 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
HTX ETHFI-USDT−0.0250%4h0.7174−0.123%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0205%4h0.7187+0.058%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0028%1h0.7193+0.141%$41K$13K10xas long as short
Variational Omni ETHFI−0.0004%4h0.7164−0.257%$1.0M$702Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.796%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0047%8h0.7179−0.055%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7181−0.029%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7196+0.176%$18.1M$8.4M5xas long as short
Aster ETHFIUSDTlong+0.0100%4h0.7183long leg$183K$258K10x
Binance ETHFIUSDT+0.0100%4h0.7186+0.044%$25.0M$36.1M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDTshort+0.0100%4h0.7192+0.127%$18.1M$12.7M25x
OKX ETHFI-USDT-SWAP+0.0100%4h0.7198+0.211%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7189+0.085%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7181−0.026%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7183+0.002%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7186+0.044%$6.1M$5.4M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7191+0.113%$26.0Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7198+0.216%$72K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7193+0.141%$1K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7186+0.047%$98K$380K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7190+0.099%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7193+0.141%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0225%1h0.7195+0.176%$274K$181K20xas long as short