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−0.0066%/8h= −7.2% APRnext payment $0.08 per $10,000 · paid last 24h +0.025%
Price spread now: Aftermath Perps against Lighter+0.097%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 airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Aftermath Perps is 0.097% dearer against Lighter than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,768.90.0096pay 0.0012% / 1h11m 03s$115.0M$500.6M50x
ShortAftermath Perps ETHUSD2,771.60.0030get 0.0004% / 1h11m 03s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter. 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
−$13.8
Price spread: +0.097% → 0.000%
$9.68
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$13.12
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Lighter: live order book, 8 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 Lighter live order book, 8 min ago0.22 bp0.6 bp −$10.9 bp −$91.4 bp −$1393.7 bp −$1,848
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%43m2,770+0.038%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.1+0.004%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.247%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5+0.020%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.056%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.3+0.013%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,770.8+0.068%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.103%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5+0.021%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,770+0.038%$1.70B$11.88B100xas 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%1h2,769.6+0.022%$12.8M200xas long as short
Phemex ETHUSDT+0.0029%8h2,768.5−0.016%$269.9M$68.9M150xas long as short
Aftermath Perps ETHUSDshort+0.0030%1h2,771.6+0.097%$29K$22K20x
SoDEX ETH-USD+0.0031%1h2,768.4−0.020%$55.1M$228.9M40xas long as short
Aster ETHUSDT+0.0032%8h2,770.2+0.046%$255.7M$1.00B200xas long as short
Bullet ETH-USD+0.0038%1h2,768.9−0.001%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,770.2+0.045%$259.0M$222.1M50xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.074%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,770+0.038%$6.45B$17.29B150xas long as short
MEXC ETH_USDT+0.0057%8h2,770.1+0.043%$1.62B$2.66B500xas long as short
Bitget ETHUSDT+0.0065%8h2,770.3+0.050%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,768.5−0.015%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,769.3+0.014%$420.7M$738.5M100xas long as short
Bybit ETHUSDT+0.0088%8h2,770.3+0.049%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,768.1−0.029%$17.4Mas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.9+0.033%$60.1M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,768.6−0.012%$1.08B$1.32B200xas long as short
Lighter ETHlong+0.0096%1h2,768.9long leg$115.0M$500.6M50x
Lighter RH ETH+0.0096%1h2,770.6+0.060%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,769.7+0.026%$1.1M50xas long as short
Nado ETH-PERP+0.0099%1h2,768.9−0.003%$14.3M$118.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.5−0.015%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6−0.012%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.2+0.082%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,769.5+0.020%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.8−0.005%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.9+0.035%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.145%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.7−0.007%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.018%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,770+0.038%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.4+0.052%$161.1M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.089%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.1+0.006%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.9+0.034%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.1−0.031%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,771.2+0.083%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.6+0.024%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.079%$43.7M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,770.1+0.042%$8.2M$687.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770+0.038%$90.3M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.3+0.085%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.019%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,768.7−0.009%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.6+0.097%$252K$1.6M20xas long as short