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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0161%/8h= −17.7% APRnext payment $0.20 per $10,000 · paid last 24h −0.056%
Price spread now: GMX against Aftermath Perps−0.016%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,7340.0118pay 0.0015% / 1h4m 53s$30K$20K20x
ShortGMX ETH/USD [ETH-USDC]2,733.6L −0.0010% / S +0.0043%pay 0.0005% / 1h4m 53s$11.9M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$33.85
Price spread: −0.016% → 0.000%
−$1.65
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
−$56.5
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; GMX: 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 GMX no order-book sample
Aftermath Perps and GMX: 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%43m2,733.1−0.034%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.006%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.1−0.034%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]shortL −0.0010% / S +0.0043%1h2,733.6−0.016%$11.9M200x
01 Exchange ETHUSD0.0000%1h2,733.8−0.008%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,733.9−0.005%$826K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,733−0.038%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.6−0.014%$28.1M200xas long as short
Bullet ETH-USD+0.0014%1h2,733.3−0.027%$178K$1.7M20xas long as short
HTX ETH-USDT+0.0021%8h2,732.3−0.063%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,732.8−0.045%$18.5Mas long as short
Bybit ETHUSDT+0.0055%8h2,733.1−0.033%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,732.3−0.065%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,733.4−0.023%$380.3M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,733.1−0.035%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0081%8h2,733.2−0.030%$265.6M$65.2M150xas long as short
Aster ETHUSDT+0.0085%8h2,733.5−0.020%$251.0M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,733.4−0.022%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.4−0.022%$6.35B$15.88B150xas long as short
Lighter ETH+0.0096%1h2,733.6−0.015%$112.8M$441.8M50xas long as short
Lighter RH ETH+0.0096%1h2,734.8+0.028%$23.5M$106.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.1−0.032%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.8−0.117%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.3+0.119%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734+0.001%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.1−0.034%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.3−0.027%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.6+0.057%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.3+0.008%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7−0.049%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.9−0.003%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.5−0.020%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.4−0.023%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.072%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.075%$133.7M$324.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.061%$183.8M$670.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.6−0.017%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,733.5−0.019%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.2+0.006%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735+0.035%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.5−0.019%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735+0.034%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.2−0.067%$958K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,733.2−0.030%$54.4M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,732.6−0.052%$165.4M$300.2M25xas long as short
Extended ETH-USD+0.0104%1h2,732.5−0.057%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.008%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSDlong+0.0118%1h2,734long leg$30K$20K20x
Kalshi KXETHPERP+0.0131%8h2,733.4−0.023%$6.7M$678.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0149%1h2,734.7+0.023%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,735.6+0.057%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0217%1h2,732.8−0.045%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.9−0.005%$83.2M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734−0.002%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5−0.021%$283.3M$175.7M150xas long as short