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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment $0.05 per $10,000 · paid last 24h −0.035%
Price spread now: 01 Exchange against Aftermath Perps−0.084%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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.084% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,771.60.0030pay 0.0004% / 1h11m 06s$29K$22K20x
Short01 Exchange ETHUSD2,769.3−0.0008pay 0.0001% / 1h11m 06s$168K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$8.04
Price spread: −0.084% → 0.000%
−$8.37
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$32.41
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; 01 Exchange: 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 01 Exchange live order book, 3 min ago0.18 bp5.0 bp −$511.0 bp −$110doesn'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−0.0223%43m2,770−0.059%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.1−0.092%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.344%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5−0.077%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5−0.041%$8.7M$32.9M100xas long as short
01 Exchange ETHUSDshort−0.0008%1h2,769.3−0.084%$168K$1.2M50x
dYdX ETH-USD0.0000%1h2,770.8−0.029%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.006%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5−0.075%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,768.4−0.118%$1.70B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.6−0.074%$12.8M200xas long as short
Phemex ETHUSDT+0.0029%8h2,768.5−0.112%$269.9M$68.9M150xas long as short
Aftermath Perps ETHUSDlong+0.0030%1h2,771.6long leg$29K$22K20x
SoDEX ETH-USD+0.0031%1h2,768.4−0.116%$55.1M$228.9M40xas long as short
Aster ETHUSDT+0.0032%8h2,768.9−0.098%$255.6M$1.00B200xas long as short
Bullet ETH-USD+0.0038%1h2,768.9−0.098%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,770.2−0.052%$259.0M$222.1M50xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.171%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,768.4−0.116%$6.45B$17.29B150xas long as short
MEXC ETH_USDT+0.0057%8h2,768.4−0.116%$1.62B$2.66B500xas long as short
Bitget ETHUSDT+0.0065%8h2,768.6−0.111%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,768.5−0.112%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,769.3−0.083%$420.7M$738.5M100xas long as short
Bybit ETHUSDT+0.0088%8h2,768.6−0.108%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,768.1−0.126%$17.4Mas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.9−0.064%$60.1M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,768.6−0.108%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,768.9−0.097%$115.0M$500.6M50xas long as short
Lighter RH ETH+0.0096%1h2,770.6−0.037%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,769.7−0.071%$1.1M50xas long as short
Nado ETH-PERP+0.0099%1h2,768.9−0.099%$14.3M$118.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.5−0.112%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6−0.109%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.2−0.015%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,769.5−0.076%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.8−0.102%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.9−0.061%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.048%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.7−0.104%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.115%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,770−0.059%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.4−0.044%$161.1M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4−0.008%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.1−0.091%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.9−0.063%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.1−0.128%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,771.2−0.014%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,768−0.132%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1−0.018%$43.7M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,770.1−0.055%$8.2M$687.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770−0.058%$90.3M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.3−0.012%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.115%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,768.7−0.106%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.60.000%$252K$1.6M20xas long as short