Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0423%/8h= −46.3% APRpaid last 24h −0.157%

Price spread now: Deribit against Aster+0.100%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.100% dearer against Aster than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHFIUSDT	0.6970	0.0100	pay 0.0050% / 4h	3h 56m	$178K	$224K	10x
Short	Deribit ETHFI_USDC-PERPETUAL	0.6977	−0.0323	pay 0.0040% / 1h	56m 46s	$41K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee AsterbpFee DeribitbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$88.83
Price spread: +0.100% → 0.000%: $10.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$93.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 40 min ago; Deribit: no order-book sample. Net counts fees only.

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 Aster live order book, 40 min ago	4.33 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUALshort	−0.0323%	1h	0.6977	+0.100%	$41K	$12K	10x
Orderly PERP_ETHFI_USDC	−0.0284%	4h	0.6974	+0.057%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0254%	4h	0.6963	−0.107%	$917K	$785K	—	as long as short
Bybit ETHFIUSDT	−0.0124%	4h	0.6961	−0.129%	$17.1M	$12.9M	25x	as long as short
Paradex ETHFI-USD-PERP	−0.0118%	8h	0.6971	+0.014%	$6K	—	5x	as long as short
HTX ETHFI-USDT	−0.0106%	4h	0.6963	−0.100%	$83K	$149K	20x	as long as short
Extended ETHFI-USD	0.0000%	1h	0.6966	−0.062%	$95K	$505K	10x	as long as short
MEXC ETHFI_USDT	0.0000%	4h	0.6967	−0.043%	$15.7M	$4.1M	125x	as long as short
Binance ETHFIUSDT	+0.0002%	4h	0.6961	−0.129%	$24.3M	$36.0M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.874%	$321	$51K	5.5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0080%	1h	0.6973	+0.039%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6972	+0.027%	$1.1M	$824K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6976	+0.090%	$16.7M	$8.7M	5x	as long as short
Aster ETHFIUSDTlong	+0.0100%	4h	0.6970	long leg	$178K	$224K	10x
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6966	−0.057%	$5.1M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6974	+0.057%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6970	0.000%	$1.2M	$215K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6970	0.000%	$6.1M	$4.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6971	+0.014%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6981	+0.158%	$52K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6985	+0.215%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0240%	4h	0.6974	+0.057%	$1.2M	$242K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0336%	1h	0.6990	+0.287%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0865%	1h	0.6984	+0.207%	$291K	$283K	20x	as long as short