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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Aftermath Perps against Hyperliquid+0.091%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.091% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETH2,741.30.0100pay 0.0013% / 1h47m 21s$3.12B$2.05B25x
ShortAftermath Perps ETHUSD2,743.80.0125get 0.0016% / 1h47m 21s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hyperliquid. 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
$5.25
Price spread: +0.091% → 0.000%
$9.12
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$3.63
Costs to cover
0.180%
Break-even
11.8 days
Slippage unknown: Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago0.18 bp4.7 bp −$54.7 bp −$476.3 bp −$6338.5 bp −$4,268
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%43m2,738.9−0.086%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.8−0.055%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.124%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.4−0.070%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,741.4+0.005%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,739.6−0.062%$22.1M200xas long as short
Phoenix ETH+0.0017%1h2,741.9+0.022%$845K$2.9M25xas long as short
BingX ETH-USDT+0.0044%8h2,739.2−0.075%$1.15Bas long as short
01 Exchange ETHUSD+0.0048%1h2,739.4−0.069%$182K$916K50xas long as short
OKX ETH-USDT-SWAP+0.0060%8h2,738.6−0.098%$1.69B$10.55B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,738.3−0.108%$377.7M$600.0M100xas long as short
Aster ETHUSDT+0.0077%8h2,738.8−0.089%$251.6M$841.4M200xas long as short
RISEx ETH/USDC+0.0077%1h2,739−0.084%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,736−0.193%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0086%8h2,739.2−0.076%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0087%8h2,737.3−0.145%$6.37B$15.72B150xas long as short
HTX ETH-USDT+0.0095%8h2,736.9−0.159%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,737.8−0.127%$112.5M$431.2M50xas long as short
Lighter RH ETH+0.0096%1h2,739.2−0.075%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.6+0.010%$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,738.4−0.107%$59.0M$4.26B50xas long as short
Bullet ETH-USD+0.0099%1h2,739.1−0.080%$182K$1.7M20xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,743.8+0.091%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.8−0.091%$474K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.6−0.097%$13.9M$106.0M50xas long as short
Hyperliquid ETHlong+0.0100%1h2,741.3long leg$3.12B$2.05B25x
Pacifica ETH+0.0100%1h2,740.6−0.026%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.7−0.096%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.4−0.106%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,740−0.048%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.3+0.073%$163.1M$304.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.4−0.071%$3.39B$8.67B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.3−0.144%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.9−0.052%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,746.9+0.206%$132.9M$338.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,741.1−0.006%$181.5M$691.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6+0.230%$159.8M$81.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.014%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,741.30.000%$21.2M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.5−0.030%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.6−0.062%$10.7M$8.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,739.1−0.080%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,740.4−0.033%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.7−0.095%$960K$11.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,736.9−0.161%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,737.6−0.136%$266.4M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,737.7−0.131%$30.6M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0123%1h2,738.5−0.102%$258.8M$195.5M50xas long as short
Aftermath Perps ETHUSDshort+0.0125%1h2,743.8+0.091%$30K$20K20x
Kalshi KXETHPERP+0.0151%8h2,739.4−0.069%$7.8M$668.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,741.2−0.005%$32.2M$11.0M100xas long as short
BloFin ETH-USDT+0.0207%8h2,737.8−0.127%$176.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737.7−0.132%$87.2M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,738.6−0.099%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,742.4+0.040%$249K$1.4M20xas long as short