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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.039%
Price spread now: Aftermath Perps against Phoenix+0.007%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PhoenixShort on Aftermath Perps
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ETH2,770.5−0.0023get 0.0003% / 1h57m 03s$884K$3.6M25x
ShortAftermath Perps ETHUSD2,770.70.0003get 0.0000% / 1h57m 03s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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
$5.39
Price spread: +0.007% → 0.000%
$0.7
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$9.91
Costs to cover
0.160%
Break-even
19.9 days
Slippage unknown: Phoenix: live order book, 2 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 Phoenix live order book, 2 min ago1.08 bp5.3 bp −$59.9 bp −$9921.8 bp −$2,181doesn't fit
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%43m2,767.7−0.102%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,768−0.090%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768−0.090%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,768.6−0.069%$169K$1.2M50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,768.7−0.065%$119K$22.5M52xas long as short
Phoenix ETHlong−0.0023%1h2,770.5long leg$884K$3.6M25x
dYdX ETH-USD0.0000%1h2,770−0.017%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSDshort+0.0003%1h2,770.7+0.007%$29K$22K20x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.2+0.025%$22.4M—200xas long as short
Hibachi ETH/USDT-P+0.0008%1h2,770.8+0.010%$279K$1.5M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ETH-PERP+0.0010%1h2,768.2−0.085%$14.3M$118.8M50xas long as short
BingX ETH-USDT+0.0017%8h2,772.9+0.087%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.2+0.061%$1.71B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771.1+0.021%$13.2M—200xas long as short
Bullet ETH-USD+0.0031%1h2,769.9−0.022%$183K$1.8M20xas long as short
Aster ETHUSDT+0.0032%8h2,771.8+0.048%$256.3M$994.0M200xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,770.6+0.004%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0036%8h2,771+0.018%$266.9M$65.9M150xas long as short
Aevo ETH-PERP+0.0048%1h2,768.5−0.072%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0052%8h2,770.8+0.012%$1.59B$2.62B500xas long as short
Binance ETHUSDT+0.0052%8h2,773.2+0.096%$6.44B$17.20B150xas long as short
Bitget ETHUSDT+0.0074%8h2,773+0.091%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0076%8h2,774+0.126%$3.29B$9.53B200xas long as short
SoDEX ETH-USD+0.0087%1h2,770.4−0.004%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0096%8h2,770.6+0.003%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.4+0.033%$114.8M$494.2M50xas long as short
Lighter RH ETH+0.0096%1h2,772.7+0.081%$25.4M$120.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,768.5−0.071%—$41.8M500xas long as short
Variational Omni ETH+0.0099%8h2,770.9+0.014%$140.8M$321.1M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,768.6−0.068%$15.9M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.8−0.061%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775+0.162%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,769.2−0.046%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.3+0.102%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.5−0.108%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.8−0.026%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771+0.016%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.7+0.008%$422.2M$741.3M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.6+0.111%$15.2M$43.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,768.2−0.085%$179.4M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.035%$161.2M$96.5M50xas long as short
StandX ETH-USD+0.0100%1h2,769.7−0.029%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.5−0.038%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.1+0.022%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.036%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.5+0.110%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.5−0.108%$971K$14.1M100xas long as short
Extended ETH-USD+0.0104%1h2,769.9−0.021%$31.5M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772+0.052%$59.9M$4.61B50xas long as short
Deribit ETH-PERPETUAL+0.0107%1h2,772.3+0.064%$258.4M$225.1M50xas long as short
Kalshi KXETHPERP+0.0109%8h2,770.8+0.011%$8.6M$673.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,774+0.127%$32.5M$12.1M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772+0.053%$86.1M$331.6M100xas long as short
BloFin ETH-USDT+0.0172%8h2,770.6+0.004%$285.9M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0186%1h2,770−0.018%$7.3M$1.1M25xas long as short