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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0091%/8h= −9.9% APRnext payment $0.11 per $10,000 · paid last 24h −0.024%
Price spread now: RISEx against Aftermath Perps−0.023%48s7-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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.023% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,772.80.0006pay 0.0001% / 1h53m 27s$29K$22K20x
ShortRISEx ETH/USDC2,772.2−0.0085pay 0.0011% / 1h53m 27s$5.7M$12.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$19.04
Price spread: −0.023% → 0.000%
−$2.32
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$36.36
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago0.02 bp3.6 bp −$45.2 bp −$52doesn't fitdoesn't fit
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%43m2,772.5−0.012%$290K$6.9M8.3xas long as short
RISEx ETH/USDCshort−0.0085%1h2,772.2−0.023%$5.7M$12.1M25x
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.067%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.8+0.034%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6−0.009%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.052%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.099%$886K$3.7M25xas long as short
Aftermath Perps ETHUSDlong+0.0006%1h2,772.8long leg$29K$22K20x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.3+0.051%$22.4M200xas long as short
BingX ETH-USDT+0.0018%8h2,772.2−0.023%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,772−0.030%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0023%8h2,773.2+0.011%$267.2M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.4+0.055%$13.2M200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.119%$276K$1.5M20xas long as short
Aster ETHUSDT+0.0033%8h2,773.6+0.026%$256.5M$993.6M200xas long as short
Nado ETH-PERP+0.0038%1h2,772.5−0.012%$14.3M$118.9M50xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,774.9+0.074%$258.4M$225.0M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4−0.052%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0054%8h2,772.7−0.007%$6.43B$17.19B150xas long as short
MEXC ETH_USDT+0.0054%8h2,772.8−0.001%$1.61B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2−0.023%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,771.5−0.048%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,773+0.004%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0092%1h2,773.2+0.013%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,773.3+0.017%$115.0M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.069%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.143%$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.025%$135.2M$326.5Mas long as short
HTX ETH-USDT+0.0098%8h2,773.5+0.022%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.80.000%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9+0.002%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.7+0.067%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3+0.016%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.6−0.008%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5−0.012%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.049%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.068%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.1+0.010%$424.1M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2+0.012%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.048%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.118%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.124%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.096%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.024%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.067%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.8+0.107%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9+0.075%$972K$14.1M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.3+0.016%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.040%$31.4M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.060%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.143%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.121%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.044%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.102%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.048%$7.3M$1.1M25xas long as short