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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.22 per $10,000 · paid last 24h −0.002%
Price spread now: Aftermath Perps against Hibachi−0.056%58s7-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 airdropHibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aftermath Perps is 0.056% cheaper against Hibachi 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 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi ETH/USDT-P2,7730.0208pay 0.0026% / 1h6m 32s$252K$1.6M20x
ShortAftermath Perps ETHUSD2,771.40.0028get 0.0004% / 1h6m 32s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hibachi. 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
−$37.75
Price spread: −0.056% → 0.000%
−$5.57
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$61.32
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Hibachi: 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 Hibachi live order book, 2 min ago1.03 bp7.6 bp −$812.1 bp −$121doesn't fitdoesn't fit
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−0.0223%43m2,769.3−0.133%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.115%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.392%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.7−0.082%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0016%1h2,769.8−0.115%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770−0.108%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771−0.073%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5−0.054%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.9−0.075%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769−0.143%$1.71B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.6−0.085%$12.8M200xas long as short
Aftermath Perps ETHUSDshort+0.0028%1h2,771.4−0.056%$29K$22K20x
Phemex ETHUSDT+0.0030%8h2,770.2−0.102%$270.0M$68.8M150xas long as short
SoDEX ETH-USD+0.0030%1h2,770.2−0.100%$55.2M$228.8M40xas long as short
Aster ETHUSDT+0.0032%8h2,769.8−0.115%$255.6M$1.00B200xas long as short
Bullet ETH-USD+0.0036%1h2,769.8−0.116%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,769.4−0.130%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.5−0.127%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,769.3−0.134%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,768.8−0.152%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,769.6−0.123%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.2−0.099%$421.1M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,769.6−0.123%$2.50B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,769.6−0.123%$1.24Bas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.1−0.034%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0093%8h2,769.8−0.115%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0095%1h2,769.4−0.129%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7−0.083%$115.0M$501.8M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5−0.055%$25.3M$122.1M50xas long as short
Deribit ETH-PERPETUAL+0.0096%1h2,772.1−0.032%$259.0M$222.2M50xas long as short
Vest ETH-PERP+0.0096%1h2,770−0.107%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.3−0.134%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.5−0.126%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.7−0.011%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.096%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.5−0.126%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5−0.091%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.129%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6−0.086%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.164%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.129%$181.8M$784.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.074%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.6−0.086%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6−0.122%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8−0.078%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.126%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,772.8−0.008%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0104%8h2,771.2−0.064%$8.2M$688.2M4.9xas long as short
Extended ETH-USD+0.0104%1h2,769.1−0.140%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.9−0.041%$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.9−0.039%$90.4M$338.5M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.1+0.003%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770.1−0.103%$286.5M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,768.4−0.164%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-Plong+0.0208%1h2,773long leg$252K$1.6M20x