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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Aster against Extended+0.230%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$960.959% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.230%, 7d avg +0.111%
Together, before fees+0.035%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$3 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: Aster is 0.119% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.70320.0096pay 0.0012% / 1h56m 58s$95K$381K10x
ShortAster ETHFIUSDT0.70480.0100get 0.0050% / 4h3h 56m$180K$264K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
$0.84
Price spread: +0.230% → +0.111%
$11.93
Slippage, 4 orders
−$82.92
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$83.15
Costs to cover
0.959%
Break-even
699.9 days
Slippage from Extended: live order book, 60 min ago; Aster: live order book, 60 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 Extended live order book, 60 min ago1.56 bp16.4 bp −$16169.0 bp −$1,690doesn't fitdoesn't fit
Sell Aster live order book, 60 min ago7.76 bp25.5 bp −$25doesn't fitdoesn't fitdoesn't fit

ETHFI on 24 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−0.0932%4h0.7027−0.073%$87K$167K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0460%1h0.7041+0.127%$40K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0305%1h0.7041+0.122%$263K$208K20xas long as short
Orderly PERP_ETHFI_USDC−0.0238%4h0.7038+0.084%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0003%8h0.7050+0.252%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.956%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0078%4h0.7044+0.173%$983K$706Kas long as short
Binance ETHFIUSDT+0.0093%4h0.7034+0.027%$24.4M$35.0M75xas long as short
Lighter ETHFI+0.0096%1h0.7049+0.242%$1.1M$841K5xas long as short
Extended ETHFI-USDlong+0.0096%1h0.7032long leg$95K$381K10x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ETHFI_USDT+0.0096%4h0.7033+0.013%$15.8M$4.0M125xas long as short
Hyperliquid ETHFI+0.0100%1h0.7045+0.178%$17.4M$7.9M5xas long as short
Aster ETHFIUSDTshort+0.0100%4h0.7048+0.230%$180K$264K10x
Bybit ETHFIUSDT+0.0100%4h0.7039+0.098%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7037+0.070%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7045+0.183%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7039+0.098%$1.2M$229K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7031−0.016%$6.0M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7043+0.155%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7056+0.340%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7044+0.169%$2K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7045+0.190%$8K3xas long as short
BloFin ETHFI-USDT+0.0333%4h0.7054+0.311%$1.2M$246K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7054+0.311%$31K$6K50xas long as short