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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0102%/8h= −11.2% APRnext payment $0.13 per $10,000 · paid last 24h +0.029%
Price spread now: Aftermath Perps against Extended−0.062%45s7-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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.062% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,777.50.0104pay 0.0013% / 1h17m 35s$31.4M$75.8M50x
ShortAftermath Perps ETHUSD2,775.80.0002get 0.0000% / 1h17m 35s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Extended. 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
−$21.47
Price spread: −0.062% → 0.000%
−$6.18
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$41.65
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$273.6 bp −$36511.8 bp −$5,909
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
Perpl ETH−0.0112%43m2,775.9−0.057%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.033%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7+0.042%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,778.3+0.028%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.024%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3+0.027%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.013%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSDshort+0.0002%1h2,775.8−0.062%$29K$22K20x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7−0.029%$22.4M200xas long as short
Phemex ETHUSDT+0.0014%8h2,776−0.056%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,777.7+0.007%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.7−0.029%$13.2M200xas long as short
Aster ETHUSDT+0.0038%8h2,777.9+0.012%$256.9M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.006%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,774.8−0.097%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,778.1+0.019%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,778.1+0.022%$6.45B$17.22B150xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,777.7+0.007%$258.5M$225.0M50xas long as short
Gate ETH_USDT+0.0074%8h2,778+0.017%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0075%8h2,777.9+0.015%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0083%1h2,776−0.055%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8−0.028%$141.1M$320.7Mas long as short
Lighter ETH+0.0096%1h2,778.5+0.034%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,779.1+0.055%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8−0.024%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1+0.022%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.021%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.9−0.057%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.7+0.078%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5+0.035%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.2+0.023%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.019%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.092%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.020%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.6+0.003%$423.1M$741.7M100xas long as short
BingX ETH-USDC+0.0100%8h2,777.8+0.011%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.041%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9−0.057%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.067%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8−0.026%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.6−0.032%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4−0.005%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.8−0.025%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.4+0.030%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.079%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776−0.055%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,775.5−0.074%$1.08B$1.32B200xas long as short
Extended ETH-USDlong+0.0104%1h2,777.5long leg$31.4M$75.8M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.007%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777−0.019%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,778.9+0.048%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1−0.052%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.8−0.062%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.4−0.005%$86.8M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.5+0.036%$283K$1.5M20xas long as short