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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0216%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h −0.018%
Price spread now: Reya against Aftermath Perps+0.096%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Reya
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 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 0.096% dearer against Aftermath Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,778−0.0027get 0.0003% / 1h39m 35s$29K$22K20x
ShortReya ETHRUSDPERP2,780.70.0189get 0.0024% / 1h39m 35s$7.4M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$45.28
Price spread: +0.096% → 0.000%
$9.63
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$39.9
Costs to cover
0.150%
Break-even
0.8 days
Slippage unknown: Aftermath Perps: no order-book sample; Reya: 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 Reya no order-book sample—————
Aftermath Perps and Reya: 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%43m2,780.3+0.083%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,777.2−0.031%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778−0.001%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.083%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,778−0.001%$169K$1.2M50xas long as short
Aftermath Perps ETHUSDlong−0.0027%1h2,778long leg$29K$22K20x
dYdX ETH-USD0.0000%1h2,780+0.070%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.137%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0004%8h2,780.4+0.084%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.137%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,777.5−0.019%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,777.3−0.027%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.131%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,780.3+0.081%$257.0M$989.7M200xas long as short
Bullet ETH-USD+0.0040%1h2,781+0.108%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.096%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.9−0.111%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0061%8h2,777.5−0.019%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,777.8−0.008%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0073%8h2,777.4−0.023%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0076%8h2,777.4−0.023%$3.29B$9.57B200xas long as short
Lighter ETH+0.0096%1h2,778.4+0.012%$115.1M$497.7M50xas long as short
Lighter RH ETH+0.0096%1h2,780.7+0.098%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6+0.093%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,777.4−0.022%$2.52B$4.59B150xas long as short
HTX ETH-USDT+0.0096%8h2,781.1+0.110%$1.08B$1.31B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.7+0.025%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.003%$482K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.3+0.118%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,778.9+0.033%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.029%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.4+0.050%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.119%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779+0.034%$426.4M$737.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.5+0.124%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.133%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.041%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.054%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.053%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.082%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.114%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.151%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3+0.119%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.182%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6+0.055%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8+0.100%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,776.9−0.042%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.147%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.144%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0114%8h2,781.5+0.125%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.156%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.198%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.137%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.058%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERPshort+0.0189%1h2,780.7+0.096%$7.4M$1.1M25x