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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0047%/8h= −5.1% APRnext payment $0.06 per $10,000 · paid last 24h +0.053%
Price spread now: Aftermath Perps against GMX−0.165%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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aftermath Perps is 0.165% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,781.4L +0.0027% / S +0.0009%pay 0.0003% / 1h21m 07s$13.0M200x
ShortAftermath Perps ETHUSD2,776.8−0.0020pay 0.0002% / 1h21m 07s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GMX. 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
−$9.79
Price spread: −0.165% → 0.000%
−$16.48
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$47.27
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample
Sell Aftermath Perps no order-book sample
GMX 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
Perpl ETH−0.0447%43m2,780.2−0.042%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.1−0.045%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,781.5+0.004%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.8−0.344%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.1−0.046%$169K$1.2M50xas long as short
Aftermath Perps ETHUSDshort−0.0020%1h2,776.8−0.165%$29K$22K20x
dYdX ETH-USD0.0000%1h2,780.8−0.020%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6−0.064%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.6+0.006%$22.5M200xas long as short
Phemex ETHUSDT+0.0015%8h2,781.2−0.007%$270.5M$68.7M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,779.1−0.081%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,779.7−0.061%$1.71B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0027% / S +0.0009%1h2,781.4long leg$13.0M200x
Aster ETHUSDT+0.0038%8h2,780.8−0.022%$257.0M$991.9M200xas long as short
Bullet ETH-USD+0.0038%1h2,780.8−0.021%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,779.8−0.058%$14.4M$118.1M50xas long as short
MEXC ETH_USDT+0.0061%8h2,780.4−0.034%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.6−0.027%$6.45B$17.20B150xas long as short
Aevo ETH-PERP+0.0064%1h2,779.2−0.077%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0070%8h2,779.5−0.069%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0074%8h2,779.4−0.070%$3.29B$9.64B200xas long as short
SoDEX ETH-USD+0.0080%1h2,781.1−0.010%$55.4M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0091%1h2,773.6−0.280%$8.8M$32.6M100xas long as short
Bybit ETHUSDT+0.0093%8h2,780.3−0.038%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,780.6−0.029%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,781.3−0.005%$115.5M$501.5M50xas long as short
Lighter RH ETH+0.0096%1h2,782.4+0.038%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,781.5+0.004%$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,780.9−0.017%$423.5M$739.6M100xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,782.7+0.047%$258.4M$222.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,780.7−0.023%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.5−0.032%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.6+0.008%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,781.2−0.005%$31.3M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.8−0.057%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,782+0.022%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.501%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779−0.086%$15.2M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,771.9−0.341%$137.1M$324.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,772.2−0.330%$181.4M$782.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775−0.228%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,778.8−0.093%$21.5M$58.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,780.3−0.040%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.1−0.010%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781−0.012%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783+0.060%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.7−0.061%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,780.4−0.034%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.6+0.044%$60.0M$4.61B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,781.3−0.003%$8.5M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,783.4+0.074%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,782.4+0.038%$86.2M$332.3M100xas long as short
BloFin ETH-USDT+0.0182%8h2,780.5−0.033%$286.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,779.7−0.062%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,780.5−0.032%$271K$1.5M20xas long as short