Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.033%

Price spread now: Bitget against Aftermath Perps+0.113%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Bitget

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 pays, funding is against you. Bitget is 0.113% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ETHUSD	2,736.1	0.0115	pay 0.0014% / 1h	0m 08s	$30K	$20K	20x
Short	Bitget ETHUSDT	2,739.2	0.0100	get 0.0100% / 8h	4h 00m	$2.07B	$2.73B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$3.16
Price spread: +0.113% → 0.000%: $11.29
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.87
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.2 bp −$62	8.0 bp −$798	9.4 bp −$4,713

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,738	+0.069%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	−0.068%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,737.2	+0.041%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,739.4	+0.123%	$11.9M	—	200x	as long as short
Phoenix ETH	0.0000%	1h	2,737.3	+0.045%	$827K	$2.9M	25x	as long as short
dYdX ETH-USD	+0.0001%	1h	2,738.2	+0.076%	$10.7M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,739.6	+0.129%	$28.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,739.4	+0.122%	$187K	$822K	50x	as long as short
Bullet ETH-USD	+0.0016%	1h	2,739.1	+0.111%	$180K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0024%	8h	2,739	+0.106%	$1.06B	$1.20B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0043%	8h	2,739.1	+0.112%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0054%	8h	2,738.6	+0.094%	$2.38B	$4.35B	150x	as long as short
ApeX Omni ETHUSDT	+0.0064%	1h	2,736.1	+0.001%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,739.2	+0.115%	$380.3M	$573.7M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,738.8	+0.098%	$1.67B	$10.74B	100x	as long as short
Phemex ETHUSDT	+0.0077%	8h	2,739.2	+0.113%	$266.0M	$65.1M	150x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,739	+0.106%	$251.2M	$841.9M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,739.6	+0.129%	$113.1M	$442.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.6	+0.164%	$23.5M	$106.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,738.1	+0.075%	—	$31.0M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,739	+0.106%	$1.55B	$2.57B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.8	+0.028%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0098%	8h	2,739	+0.107%	$6.37B	$15.88B	150x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,739.6	+0.129%	$5.7M	$11.7M	25x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,742.7	+0.243%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.4	+0.085%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.7	+0.098%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741	+0.180%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,739.7	+0.131%	$32.0M	$335.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.8	+0.063%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.4	+0.123%	$1.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.088%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739	+0.107%	$3.34B	$8.94B	200x	as long as short
Bitget ETHUSDTshort	+0.0100%	8h	2,739.2	+0.113%	$2.07B	$2.73B	150x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,738.3	+0.083%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.3	+0.046%	$134.0M	$324.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,735.2	−0.032%	$184.0M	$671.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,736.6	+0.019%	$159.2M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736.2	+0.005%	$21.1M	$68.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.6	+0.166%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739	+0.107%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.2	+0.186%	$41.4M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,737.9	+0.068%	$961K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,739.2	+0.114%	$54.6M	$187.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.6	+0.130%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.7	+0.097%	$30.4M	$72.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,740.4	+0.158%	$51.4M	$4.28B	50x	as long as short
Aftermath Perps ETHUSDlong	+0.0115%	1h	2,736.1	long leg	$30K	$20K	20x
Kalshi KXETHPERP	+0.0129%	8h	2,738.9	+0.103%	$6.8M	$679.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0188%	1h	2,740.7	+0.167%	$260.1M	$197.1M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	2,741.7	+0.205%	$32.3M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0216%	1h	2,738.5	+0.090%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,739.8	+0.135%	$83.3M	$314.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,739.2	+0.114%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0387%	8h	2,737.2	+0.042%	$283.5M	$175.9M	150x	as long as short