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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.056%
Price spread now: Aftermath Perps against Injective+0.098%55s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.098% dearer against Injective than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,768.7−0.0041get 0.0005% / 1h55m 59s$119K$22.5M52x
ShortAftermath Perps ETHUSD2,771.4−0.0001pay 0.0000% / 1h55m 59s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Injective. 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
$8.3
Price spread: +0.098% → 0.000%
$9.83
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$9.11
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Injective: live order book, 3 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 Injective live order book, 3 min ago11.17 bp11.2 bp −$1111.2 bp −$11211.2 bp −$1,11813263.7 bp −$6.63M
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−0.0447%43m2,773.1+0.159%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,773+0.156%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.209%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,772.8+0.148%$169K$1.2M50xas long as short
Injective ETH/USDC PERPlong−0.0041%1h2,768.7long leg$119K$22.5M52x
Phoenix ETH−0.0023%1h2,770.5+0.065%$884K$3.6M25xas long as short
Aftermath Perps ETHUSDshort−0.0001%1h2,771.4+0.098%$29K$22K20x
dYdX ETH-USD0.0000%1h2,775.8+0.257%$12.7M$45.5M50xas long as short
Nado ETH-PERP+0.0002%1h2,773.3+0.167%$14.3M$118.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.167%$22.4M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P+0.0016%1h2,771.8+0.111%$280K$1.5M20xas long as short
BingX ETH-USDT+0.0018%8h2,773.3+0.166%$1.19Bas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,773.3+0.166%$1.71B$11.88B100xas long as short
Phemex ETHUSDT+0.0027%8h2,772.5+0.138%$267.1M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,773.3+0.165%$13.2M200xas long as short
Aster ETHUSDT+0.0031%8h2,773.5+0.173%$256.5M$993.8M200xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,770.6+0.069%$8.7M$32.6M100xas long as short
Bullet ETH-USD+0.0036%1h2,772.6+0.141%$183K$1.8M20xas long as short
Aevo ETH-PERP+0.0048%1h2,770.8+0.074%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0052%8h2,773.5+0.172%$1.59B$2.62B500xas long as short
Binance ETHUSDT+0.0052%8h2,774.1+0.193%$6.44B$17.20B150xas long as short
Bitget ETHUSDT+0.0074%8h2,773.4+0.168%$2.10B$3.12B150xas long as short
Deribit ETH-PERPETUAL+0.0074%1h2,774.5+0.210%$258.4M$225.0M50xas long as short
Gate ETH_USDT+0.0079%8h2,774+0.191%$3.29B$9.53B200xas long as short
Lighter ETH+0.0096%1h2,773.1+0.159%$115.0M$494.4M50xas long as short
Lighter RH ETH+0.0096%1h2,774.6+0.214%$25.4M$120.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.7+0.181%$41.8M500xas long as short
HTX ETH-USDT+0.0097%8h2,772.7+0.144%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0099%8h2,770.9+0.079%$140.8M$321.1Mas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.1+0.194%$15.9M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.2+0.163%$480K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.1+0.267%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,774.8+0.221%$31.3M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.5+0.172%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.1+0.195%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.6+0.248%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771+0.082%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.2+0.162%$422.5M$740.5M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.8+0.183%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,768.2−0.020%$179.4M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.100%$161.2M$96.5M50xas long as short
StandX ETH-USD+0.0100%1h2,769.7+0.036%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.9+0.151%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774+0.191%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.8+0.183%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.1+0.232%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.2+0.125%$972K$14.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,772.9+0.152%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,772.9+0.152%$31.5M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.4+0.207%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,774.3+0.202%$8.6M$673.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,775.7+0.253%$32.6M$12.1M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774+0.190%$86.1M$331.6M100xas long as short
BloFin ETH-USDT+0.0172%8h2,770.6+0.069%$285.9M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,772.4+0.134%$7.3M$1.1M25xas long as short