Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.029%

Price spread now: Aftermath Perps against BingX−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aftermath Perps

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—needs 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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETH-USDT	2,750	0.0037	pay 0.0037% / 8h	6h 18m	—	$1.18B	—
Short	Aftermath Perps ETHUSD	2,749.9	0.0102	get 0.0013% / 1h	18m 51s	$30K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.003%Rate

Funding earned: $13.66
Price spread: −0.003% → 0.000%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$5.61
Costs to cover: 0.190%
Break-even: 9.9 days

Slippage unknown: BingX: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 5 min ago	0.04 bp	5.4 bp −$5	5.4 bp −$54	5.4 bp −$544	6.5 bp −$3,271
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,747.6	−0.087%	$310K	$5.9M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,747.8	−0.081%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,747.6	−0.088%	$5.7M	$11.4M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,747.2	−0.104%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,747.2	−0.103%	$848K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747	−0.109%	$10.8M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,747.5	−0.090%	$22.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0019%	1h	2,749.4	−0.023%	$8.7M	$31.4M	100x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,747.9	−0.077%	$181K	$1.1M	50x	as long as short
BingX ETH-USDTlong	+0.0037%	8h	2,750	long leg	—	$1.18B	—

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0048%	8h	2,750	−0.001%	$1.70B	$10.97B	100x	as long as short
HTX ETH-USDT	+0.0056%	8h	2,747.5	−0.091%	$1.06B	$1.20B	200x	as long as short
Aster ETHUSDT	+0.0070%	8h	2,750	−0.002%	$253.3M	$858.6M	200x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,749.4	−0.024%	$372.5M	$610.2M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,745	−0.184%	$4.9M	$168K	20x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,749.8	−0.008%	$6.39B	$16.22B	150x	as long as short
MEXC ETH_USDT	+0.0081%	8h	2,749.5	−0.019%	$1.57B	$2.57B	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,748.7	−0.049%	$59.0M	$4.34B	50x	as long as short
Gate ETH_USDT	+0.0091%	8h	2,750.3	+0.011%	$3.39B	$8.91B	200x	as long as short
Bitget ETHUSDT	+0.0094%	8h	2,749.9	−0.005%	$2.08B	$2.84B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,748.1	−0.069%	$113.0M	$443.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,749.5	−0.019%	$24.8M	$107.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,747.6	−0.088%	—	$35.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,751	+0.036%	$16.3M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,746.5	−0.128%	$477K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,746.8	−0.117%	$14.0M	$112.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,751	+0.036%	$3.13B	$2.10B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,747.3	−0.098%	$31.7M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,749.8	−0.008%	$2.46B	$4.33B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,746.7	−0.121%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,747.8	−0.082%	$2.8M	$16.5M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,749	−0.038%	$15.0M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,748.7	−0.047%	$133.2M	$345.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,749.6	−0.015%	$181.8M	$704.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,752	+0.071%	$160.0M	$83.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,747.8	−0.081%	$21.3M	$68.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,748.5	−0.054%	—	$869K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.2	−0.066%	$10.7M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,746.8	−0.119%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,747.8	−0.080%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,749.4	−0.022%	$41.7M	$29.5M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,745.9	−0.150%	$964K	$12.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,747.7	−0.084%	$54.7M	$187.7M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747.9	−0.079%	$267.2M	$65.9M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.8	+0.065%	$165.7M	$300.7M	25x	as long as short
Aftermath Perps ETHUSDshort	+0.0102%	1h	2,749.9	−0.003%	$30K	$20K	20x
Extended ETH-USD	+0.0104%	1h	2,749.1	−0.033%	$30.5M	$73.5M	50x	as long as short
Kalshi KXETHPERP	+0.0143%	8h	2,748.3	−0.063%	$7.7M	$674.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0150%	1h	2,749.4	−0.024%	$258.5M	$199.8M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0172%	8h	2,750	0.000%	$32.3M	$11.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0208%	1h	2,750.9	+0.033%	$250K	$1.5M	20x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,746.3	−0.135%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0221%	1h	2,747.5	−0.093%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,748.8	−0.044%	$89.2M	$317.0M	100x	as long as short