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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h −0.029%
Price spread now: Coinbase International against Aftermath Perps+0.055%51s7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,775.90.0000pay 0.0000% / 1h1m 26s$29K$22K20x
ShortCoinbase International ETH-PERP-INTX2,777.50.0104get 0.0013% / 1h1m 26s$60.0M$4.60B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$21.76
Price spread: +0.055% → 0.000%
$5.55
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$8.31
Costs to cover
0.190%
Break-even
4.3 days
Slippage unknown: Aftermath Perps: no order-book sample; Coinbase International: live order book, 3 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 Aftermath Perps no order-book sample
Sell Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$506.4 bp −$63719.2 bp −$9,621
Aftermath Perps: 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
Perpl ETH−0.0447%43m2,776.6+0.024%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.7−0.009%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.6+0.025%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.152%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.7+0.028%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.041%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.011%$885K$3.7M25xas long as short
Aftermath Perps ETHUSDlong0.0000%1h2,775.9long leg$29K$22K20x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5+0.057%$22.4M200xas long as short
BingX ETH-USDT+0.0014%8h2,776.6+0.023%$1.21Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.063%$258.7M$222.7M50xas long as short
OKX ETH-USDT-SWAP+0.0018%8h2,776.6+0.026%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2+0.010%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3+0.015%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2+0.048%$12.9M200xas long as short
Aster ETHUSDT+0.0033%8h2,776.5+0.019%$254.7M$995.4M200xas long as short
Nado ETH-PERP+0.0056%1h2,776.1+0.006%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.2−0.062%$5.0M$636K20xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.059%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,776.1+0.008%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.5+0.023%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1+0.007%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0065%8h2,776.5+0.021%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,776.6+0.023%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.003%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776.8+0.031%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,776.2+0.010%$422.3M$739.2M100xas long as short
Lighter ETH+0.0096%1h2,776.8+0.033%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.077%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,776.7+0.030%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.1+0.008%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5+0.021%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.108%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.8+0.031%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6−0.011%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.1+0.043%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.183%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.017%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.079%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,777+0.041%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.008%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3+0.014%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4+0.054%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.3+0.050%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.109%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.022%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775.2−0.027%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777+0.038%$41.8M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,777.5+0.055%$60.0M$4.60B50x
Kalshi KXETHPERP+0.0127%8h2,777.1+0.043%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.4+0.125%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.051%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5+0.023%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776+0.002%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.7+0.065%$270K$1.5M20xas long as short