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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.073%
Price spread now: Aftermath Perps against Hotstuff+0.062%7-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 fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aftermath Perps is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,746.8−0.0080get 0.0010% / 1h12m 01s$5K$1K50x
ShortAftermath Perps ETHUSD2,748.50.0096get 0.0012% / 1h12m 01s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hotstuff. 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
$36.92
Price spread: +0.062% → 0.000%
$6.19
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$29.11
Costs to cover
0.140%
Break-even
1.5 days
Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample
Sell Aftermath Perps no order-book sample
Hotstuff 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 54 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%43m2,746.80.000%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,746.8long leg$5K$1K50x
RISEx ETH/USDC−0.0071%1h2,747.4+0.023%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747+0.006%$12.2M200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.062%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.7−0.003%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.017%$22.2M200xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.6+0.029%$182K$1.1M50xas long as short
BingX ETH-USDT+0.0038%8h2,745.4−0.051%$1.17Bas long as short
OKX ETH-USDT-SWAP+0.0050%8h2,745.5−0.049%$1.69B$10.93B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0061%1h2,746.4−0.015%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0066%8h2,746.6−0.008%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,746−0.028%$371.2M$609.4M100xas long as short
Aster ETHUSDT+0.0071%8h2,746.4−0.014%$253.6M$858.4M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.1−0.062%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,745.9−0.032%$1.58B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,745.8−0.036%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.020%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.2−0.020%$3.39B$8.93B200xas long as short
Aftermath Perps ETHUSDshort+0.0096%1h2,748.5+0.062%$30K$20K20x
Lighter ETH+0.0096%1h2,746.7−0.002%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,748+0.043%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.006%$35.6M500xas long as short
Bitget ETHUSDT+0.0098%8h2,746.3−0.018%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.2+0.162%$16.3M$8.1M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.6−0.007%$182K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2−0.022%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.5−0.012%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.3+0.055%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,747+0.007%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.4−0.050%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.8−0.036%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.8+0.035%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9−0.034%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.010%$133.1M$345.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.2−0.021%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.4+0.020%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.040%$21.3M$69.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.015%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.012%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.053%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.8+0.001%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.3−0.018%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5−0.011%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.031%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,747.7+0.033%$865K50xas long as short
Extended ETH-USD+0.0104%1h2,745.5−0.049%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.025%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,749.4+0.095%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,747.9+0.039%$258.6M$200.0M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5−0.011%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748.1+0.049%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.4−0.014%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.007%$88.6M$317.0M100xas long as short