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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0430%/8h= −47.0% APRnext payment $0.54 per $10,000 · paid last 24h +0.001%
Price spread now: Aftermath Perps against Bluefin+0.008%55s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,745.50.0558pay 0.0070% / 1h17m 33s$21K$20K25x
ShortAftermath Perps ETHUSD2,745.70.0129get 0.0016% / 1h17m 33s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bluefin. 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
−$90.21
Price spread: +0.008% → 0.000%
$0.8
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$105.41
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample
Sell Aftermath Perps no order-book sample
Bluefin and 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
Hotstuff ETH-PERP−0.0080%1h2,747+0.055%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.101%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.1−0.015%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,746+0.018%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.3+0.030%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,746.9+0.050%$25.1M200xas long as short
Phoenix ETH+0.0017%1h2,747+0.055%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.9+0.052%$182K$849K50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,747.3+0.066%$8.9M$30.7M100xas long as short
BingX ETH-USDT+0.0053%8h2,746.5+0.036%$1.15Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,746.1+0.023%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.3+0.031%$382.1M$575.5M100xas long as short
Bullet ETH-USD+0.0073%1h2,746.5+0.036%$184K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.9+0.050%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0088%8h2,746.2+0.027%$254.1M$840.9M200xas long as short
SoDEX ETH-USD+0.0094%1h2,744.8−0.025%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,746.9+0.052%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,748.3+0.101%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.8+0.048%$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,746.4+0.033%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.1−0.124%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,747.2+0.064%$57.9M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.3+0.028%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751+0.201%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.4+0.034%$468K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.1+0.024%$13.9M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.8+0.121%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.2+0.063%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.3+0.028%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.1−0.014%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.9+0.050%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.116%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.5+0.036%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.4+0.033%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.1−0.016%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8+0.011%$133.3M$326.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,744.5−0.035%$182.4M$673.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.6+0.042%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.7+0.044%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.1+0.060%$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.4+0.070%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.3+0.031%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.5+0.001%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,745−0.017%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.8+0.012%$266.9M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.5+0.002%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSDshort+0.0129%1h2,745.7+0.008%$30K$20K20x
Kalshi KXETHPERP+0.0160%8h2,746.7+0.044%$7.8M$670.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,746.6+0.041%$259.8M$196.2M50xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.6+0.042%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.1+0.023%$86.6M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.6+0.006%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,746.6+0.041%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0313%8h2,746+0.019%$285.1M$181.2M150xas long as short
Bluefin ETH-PERPlong+0.0558%1h2,745.5long leg$21K$20K25x