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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.026%
Price spread now: Aftermath Perps against Binance+0.094%7-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 feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aftermath Perps is 0.094% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,745.50.0082pay 0.0082% / 8h6h 11m$6.38B$16.20B150x
ShortAftermath Perps ETHUSD2,748.10.0097get 0.0012% / 1h11m 20s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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
$3.15
Price spread: +0.094% → 0.000%
$9.43
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$6.43
Costs to cover
0.190%
Break-even
21.3 days
Slippage unknown: Binance: live order book, 3 min ago; Aftermath Perps: 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 Binance live order book, 3 min ago0.02 bp5.0 bp −$55.5 bp −$556.8 bp −$6778.9 bp −$4,452
Sell Aftermath Perps no order-book sample
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 54 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%43m2,745.7+0.009%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.1+0.023%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.1−0.012%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,745.6+0.003%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.110%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.008%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.50.000%$22.2M200xas long as short
BingX ETH-USDC+0.0038%8h2,744.7−0.027%$18.5Mas long as short
01 Exchange ETHUSD+0.0040%1h2,746+0.019%$182K$1.1M50xas long as short
OKX ETH-USDT-SWAP+0.0051%8h2,746.8+0.048%$1.69B$10.93B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0062%1h2,748+0.092%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0066%8h2,746.6+0.040%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,744.9−0.022%$371.1M$609.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,746.2+0.025%$253.6M$858.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,744−0.054%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,745.3−0.008%$1.58B$2.57B500xas long as short
Binance ETHUSDTlong+0.0082%8h2,745.5long leg$6.38B$16.20B150x
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.068%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0090%8h2,745.4−0.004%$3.39B$8.93B200xas long as short
Lighter ETH+0.0096%1h2,745.4−0.004%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.061%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.3−0.007%$35.6M500xas long as short
Aftermath Perps ETHUSDshort+0.0097%1h2,748.1+0.094%$30K$20K20x
Bitget ETHUSDT+0.0098%8h2,745.1−0.013%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.3+0.139%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.039%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8−0.026%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.1+0.059%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6+0.005%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.4+0.032%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.024%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.5+0.001%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9+0.015%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.059%$133.1M$345.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.027%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1+0.060%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.8+0.085%$21.3M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.4+0.034%$865K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4−0.003%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.3−0.007%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.6+0.042%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.101%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.8+0.050%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.3+0.030%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5+0.038%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.080%$164.0M$301.0M25xas long as short
Extended ETH-USD+0.0104%1h2,743.9−0.059%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.074%$7.7M$672.7M4.9xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,747.9+0.087%$258.6M$200.0M50xas long as short
Orderly PERP_ETH_USDC+0.0176%8h2,749.3+0.138%$32.3M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5+0.038%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748+0.090%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,744.9−0.021%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.055%$88.6M$317.0M100xas long as short