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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%
Price spread now: Bluefin against Aftermath Perps−0.169%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bluefin is 0.169% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 20 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,771.10.0072pay 0.0009% / 1h18m 58s$31K$21K20x
ShortBluefin ETH-PERP2,766.40.0100get 0.0013% / 1h18m 58s$21K$22K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Aftermath Perps. 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
$5.97
Price spread: −0.169% → 0.000%
−$16.9
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$26.93
Costs to cover
0.160%
Break-even
38.6 days
Slippage unknown: Aftermath Perps: no order-book sample; Bluefin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Bluefin no order-book sample
Aftermath Perps and Bluefin: 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.

ETH on 55 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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.210%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7−0.158%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1−0.145%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2−0.140%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1−0.144%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.033%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8−0.118%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2−0.140%$22.4M200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7−0.159%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,764−0.256%$1.70B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,763.7−0.267%$55.0M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.4−0.134%$12.7M200xas long as short
Aster ETHUSDT+0.0047%8h2,763.3−0.283%$255.9M$886.2M200xas long as short
Gate ETH_USDT+0.0056%8h2,763.7−0.267%$3.38B$9.05B200xas long as short
Aevo ETH-PERP+0.0056%1h2,764.6−0.236%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0059%8h2,763−0.291%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,763.2−0.284%$6.46B$16.26B150xas long as short
Deribit ETH-PERPETUAL+0.0061%1h2,765.2−0.213%$259.1M$204.5M50xas long as short
Aftermath Perps ETHUSDlong+0.0072%1h2,771.1long leg$31K$21K20x
Bitget ETHUSDT+0.0075%8h2,764−0.255%$2.09B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,765−0.222%$60.2M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,767.8−0.118%$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,763.9−0.259%$419.9M$619.4M100xas long as short
HTX ETH-USDT+0.0088%8h2,762.4−0.316%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,763.9−0.260%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.5−0.201%$25.5M$111.7M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2−0.105%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.073%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9−0.151%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.1−0.182%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.3−0.173%$3.16B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6−0.126%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,764.1−0.252%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1−0.180%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.3−0.137%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.063%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,763.4−0.278%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7−0.268%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.092%$137.0M$344.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,768.1−0.108%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8−0.084%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8−0.119%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6−0.126%$10.5M$8.0M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,766.4−0.169%$21K$22K25x
Derive ETH-PERP+0.0100%1h2,767.1−0.144%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.3−0.173%$969K$13.1M100xas long as short
Phemex ETHUSDT+0.0100%8h2,763.8−0.263%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,762.5−0.309%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769−0.075%$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4−0.133%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,765.4−0.204%$97.7M$320.7M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3−0.066%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6−0.089%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.272%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6−0.125%$7.3M$1.1M25xas long as short