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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.020%
Price spread now: Aftermath Perps against Lighter RH−0.144%7-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 airdropLighter RH: Points live · farm boardneeds both histories
Funding pays, the price is against you. Aftermath Perps is 0.144% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 17 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,739.30.0096pay 0.0012% / 1h28m 57s$23.4M$106.1M50x
ShortAftermath Perps ETHUSD2,735.30.0124get 0.0015% / 1h28m 57s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter RH. 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
$5.81
Price spread: −0.144% → 0.000%
−$14.39
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$17.57
Costs to cover
0.090%
Break-even
28.2 days
Slippage unknown: Lighter RH: live order book, 5 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 RH live order book, 5 min ago1.26 bp1.4 bp −$12.7 bp −$279.8 bp −$97563.9 bp −$32.0K
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%43m2,738.2−0.041%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.306%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.3−0.035%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.3−0.036%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,739−0.010%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.8−0.054%$188K$822K50xas long as short
Phoenix ETH0.0000%1h2,738.5−0.028%$831K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,738−0.045%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.3−0.034%$28.1M200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.231%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0056%8h2,734.9−0.161%$18.5Mas long as short
Phemex ETHUSDT+0.0061%8h2,737.4−0.068%$266.2M$65.6M150xas long as short
HTX ETH-USDT+0.0062%8h2,737−0.083%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,735−0.156%$380.0M$574.7M100xas long as short
Bybit ETHUSDT+0.0069%8h2,734.8−0.164%$2.39B$4.35B150xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,735−0.156%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0078%1h2,737.6−0.061%$54.5M$187.6M40xas long as short
Deribit ETH-PERPETUAL+0.0079%1h2,739−0.009%$260.2M$196.1M50xas long as short
Aster ETHUSDT+0.0087%8h2,737.3−0.070%$251.2M$843.7M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735.4−0.141%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0090%8h2,734.8−0.162%$1.53B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,735.4−0.141%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,737.6−0.061%$113.2M$438.7M50xas long as short
Lighter RH ETHlong+0.0096%1h2,739.3long leg$23.4M$106.1M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738−0.046%$30.9M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,742.9+0.134%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,738−0.046%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.4−0.068%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.7−0.057%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.3−0.035%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.6−0.024%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.2−0.039%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.2−0.039%$1.6M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.387%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.8−0.164%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.9−0.160%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.9−0.125%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,736.1−0.116%$133.6M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,736.5−0.101%$184.1M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.2−0.076%$159.2M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,737.2−0.076%$21.1M$68.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.9−0.013%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.7+0.016%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738.4−0.032%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.5+0.008%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.2−0.077%$959K$11.4M100xas long as short
Extended ETH-USD+0.0104%1h2,734−0.193%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,738.8−0.017%$51.5M$4.28B50xas long as short
Aftermath Perps ETHUSDshort+0.0124%1h2,735.3−0.144%$30K$20K20x
Kalshi KXETHPERP+0.0144%8h2,738.6−0.024%$6.6M$678.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,740.4+0.041%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,737.4−0.068%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.3−0.036%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3−0.001%$254K$1.4M20xas long as short
BloFin ETH-USDT+0.0371%8h2,737.3−0.072%$282.5M$175.6M150xas long as short