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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.036%
Price spread now: Aster against Paradex+0.027%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.027% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.70410.0006pay 0.0006% / 8h2h 14m$6K5x
ShortAster ETHFIUSDT0.70430.0062get 0.0031% / 4h2h 14m$180K$260K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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
$11.86
Price spread: +0.027% → 0.000%
$2.7
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
$2.57
Costs to cover
0.120%
Break-even
5.5 days
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Aster live order book, 33 min ago0.72 bp26.1 bp −$26doesn't fitdoesn't fitdoesn't fit
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ETHFIUSD−0.0405%1h0.7063+0.312%$290K$286K20xas long as short
HTX ETHFI-USDT−0.0318%4h0.7033−0.117%$82K$171K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0317%1h0.7046+0.067%$40K$10K10xas long as short
Orderly PERP_ETHFI_USDC−0.0260%4h0.7043+0.025%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0183%4h0.7040−0.018%$17.6M$13.0M25xas long as short
Variational Omni ETHFI−0.0146%4h0.7027−0.205%$932K$782Kas long as short
Binance ETHFIUSDT−0.0018%4h0.7037−0.060%$24.5M$35.8M75xas long as short
MEXC ETHFI_USDT−0.0018%4h0.7038−0.046%$15.8M$4.1M125xas long as short
Extended ETHFI-USD−0.0016%1h0.7035−0.086%$95K$502K10xas long as short
Paradex ETHFI-USD-PERPlong+0.0006%8h0.7041long leg$6K5x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.823%$321$51K5.5xas long as short
Aster ETHFIUSDTshort+0.0062%4h0.7043+0.027%$180K$260K10x
Aevo ETHFI-PERP+0.0080%1h0.7045+0.053%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.7050+0.124%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7046+0.063%$17.1M$8.5M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7041−0.004%$5.2M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7050+0.124%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7041−0.004%$1.2M$230K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7045+0.053%$6.1M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7043+0.025%$8.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7048+0.103%$64K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7053+0.167%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0221%4h0.7037−0.060%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7052+0.153%$32K$6K50xas long as short