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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h −0.029%
Price spread now: Extended against Aftermath Perps+0.062%45s7-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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.062% 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 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,775.80.0002pay 0.0000% / 1h17m 31s$29K$22K20x
ShortExtended ETH-USD2,777.50.0104get 0.0013% / 1h17m 31s$31.4M$75.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.47
Price spread: +0.062% → 0.000%
$6.18
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$13.65
Costs to cover
0.140%
Break-even
2.5 days
Slippage unknown: Aftermath Perps: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$275.7 bp −$57213.9 bp −$6,946
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−0.0112%43m2,775.9+0.004%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6+0.028%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7+0.104%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,778.3+0.090%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.086%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3+0.089%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.075%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSDlong+0.0002%1h2,775.8long leg$29K$22K20x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7+0.033%$22.4M200xas long as short
Phemex ETHUSDT+0.0014%8h2,776+0.006%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,777.7+0.069%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.7+0.033%$13.2M200xas long as short
Aster ETHUSDT+0.0038%8h2,777.9+0.074%$256.9M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.067%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,774.8−0.036%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,778.1+0.081%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,778.1+0.084%$6.45B$17.22B150xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,777.7+0.069%$258.5M$225.0M50xas long as short
Gate ETH_USDT+0.0074%8h2,778+0.078%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0075%8h2,777.9+0.077%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0083%1h2,776+0.007%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.034%$141.1M$320.7Mas long as short
Lighter ETH+0.0096%1h2,778.5+0.096%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,779.1+0.117%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.037%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1+0.084%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.082%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.9+0.004%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.7+0.140%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5+0.097%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.2+0.085%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777+0.043%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.154%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.082%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.6+0.065%$423.1M$741.7M100xas long as short
BingX ETH-USDC+0.0100%8h2,777.8+0.072%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.021%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9+0.005%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.005%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8+0.036%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.6+0.030%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4+0.057%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.8+0.036%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.4+0.092%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.017%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776+0.007%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,775.5−0.012%$1.08B$1.32B200xas long as short
Extended ETH-USDshort+0.0104%1h2,777.5+0.062%$31.4M$75.8M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.068%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777+0.043%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,778.9+0.109%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1+0.009%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.8−0.001%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.4+0.057%$86.8M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.5+0.098%$283K$1.5M20xas long as short