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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.020%
Price spread now: Aftermath Perps against Coinbase International−0.106%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
Funding pays, the price is against you. Aftermath Perps is 0.106% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 17 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,743.20.0112pay 0.0014% / 1h56m 17s$53.1M$4.26B50x
ShortAftermath Perps ETHUSD2,740.30.0132get 0.0017% / 1h56m 17s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Coinbase International. 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
$4.3
Price spread: −0.106% → 0.000%
−$10.62
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$25.32
Costs to cover
0.190%
Break-even
48.2 days
Slippage unknown: Coinbase International: 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 Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$508.3 bp −$83524.5 bp −$12.2K
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 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
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.252%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.6−0.131%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.8−0.049%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,741.3−0.070%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,742.5−0.026%$182K$834K50xas long as short
Perpl ETH0.0000%43m2,741.3−0.070%$300K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,742−0.043%$25.3M200xas long as short
Phoenix ETH+0.0017%1h2,739−0.153%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1−0.115%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0055%8h2,741.5−0.061%$1.14Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,741.7−0.057%$1.69B$10.61B100xas long as short
Bullet ETH-USD+0.0071%1h2,741.1−0.077%$180K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,742.2−0.037%$381.0M$573.7M100xas long as short
SoDEX ETH-USD+0.0073%1h2,741.3−0.069%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,741.3−0.069%$253.6M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,738.8−0.159%$4.9M$154K20xas long as short
Backpack ETH_USDC_PERP+0.0089%1h2,738.5−0.172%$15.0M$39.6M50xas long as short
Binance ETHUSDT+0.0089%8h2,741.7−0.056%$6.37B$15.70B150xas long as short
MEXC ETH_USDT+0.0090%8h2,741.2−0.073%$1.56B$2.52B500xas long as short
Lighter ETH+0.0096%1h2,739.8−0.124%$112.4M$430.2M50xas long as short
Lighter RH ETH+0.0096%1h2,740.8−0.089%$24.6M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.7−0.127%$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.6−0.058%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.049%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.1−0.113%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1−0.039%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.7−0.018%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.1−0.077%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.3−0.071%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6−0.095%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.5−0.063%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.127%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.9−0.048%$3.38B$8.66B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.8−0.051%$2.08B$2.72B150xas long as short
Variational Omni ETH+0.0100%8h2,739−0.155%$133.0M$324.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,738.7−0.163%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.8−0.161%$159.2M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,738.8−0.160%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.7−0.055%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7−0.018%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.2−0.001%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.9−0.083%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,741.5−0.063%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.7−0.057%$266.4M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,741−0.080%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTXlong+0.0112%1h2,743.2long leg$53.1M$4.26B50x
Aftermath Perps ETHUSDshort+0.0132%1h2,740.3−0.106%$30K$20K20x
Kalshi KXETHPERP+0.0158%8h2,736.5−0.244%$7.6M$672.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,743.1−0.003%$260.0M$194.9M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,743.8+0.023%$32.3M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.202%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3−0.034%$86.0M$309.8M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.2−0.074%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3−0.142%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.4134%1h2,742.4−0.029%$21K$20K25xas long as short