ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.028%

Price spread now: Bullet against Aftermath Perps−0.158%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bullet

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bullet is 0.158% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ETHUSD	2,771	0.0072	pay 0.0009% / 1h	5m 42s	$31K	$21K	20x
Short	Bullet ETH-USD	2,766.6	0.0016	get 0.0002% / 1h	5m 42s	$184K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$11.8
Price spread: −0.158% → 0.000%: −$15.84
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$44.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bullet: live order book, 3 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 Bullet live order book, 3 min ago	0.18 bp	4.8 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit

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
Injective ETH/USDC PERP	−0.0752%	1h	2,773.8	+0.102%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,767.3	−0.132%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,767.3	−0.134%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769	−0.071%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,766.7	−0.154%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,770.8	−0.006%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	+0.0001%	1h	2,767.1	−0.141%	$12.2M	$43.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.2	−0.135%	$22.4M	—	200x	as long as short
Bullet ETH-USDshort	+0.0016%	1h	2,766.6	−0.158%	$184K	$1.7M	20x
OKX ETH-USDT-SWAP	+0.0033%	8h	2,767.1	−0.142%	$1.70B	$10.95B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0036%	8h	2,767.6	−0.122%	$269.3M	$65.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,767	−0.142%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0048%	1h	2,767.1	−0.140%	$55.1M	$187.7M	40x	as long as short
Aster ETHUSDT	+0.0049%	8h	2,767	−0.143%	$260.6M	$849.5M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,765.3	−0.204%	$5.0M	$156K	20x	as long as short
Binance ETHUSDT	+0.0059%	8h	2,766.8	−0.152%	$6.47B	$16.03B	150x	as long as short
MEXC ETH_USDT	+0.0059%	8h	2,766.8	−0.152%	$1.61B	$2.66B	500x	as long as short
Aftermath Perps ETHUSDlong	+0.0072%	1h	2,771	long leg	$31K	$21K	20x
HTX ETH-USDT	+0.0074%	8h	2,767.6	−0.122%	$1.07B	$1.22B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,768.6	−0.086%	$60.3M	$4.40B	50x	as long as short
Bitget ETHUSDT	+0.0081%	8h	2,767.3	−0.134%	$2.10B	$2.82B	150x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,767.2	−0.137%	$3.40B	$9.12B	200x	as long as short
Vest ETH-PERP	+0.0086%	1h	2,768	−0.107%	—	$870K	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,767.2	−0.138%	$419.8M	$589.3M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,767.5	−0.126%	$115.0M	$460.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,768.6	−0.085%	$25.5M	$112.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,771.7	+0.027%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,767	−0.144%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,766.7	−0.156%	$14.5M	$112.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.5	−0.053%	$3.16B	$2.10B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767.5	−0.127%	$31.3M	$328.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,767.2	−0.136%	$2.50B	$4.27B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.5	−0.162%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,767.8	−0.116%	$2.8M	$16.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,771.7	+0.026%	$172.0M	$293.3M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,766.5	−0.160%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,766.6	−0.158%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,766.4	−0.166%	$134.4M	$347.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,773.2	+0.081%	$184.0M	$750.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.6	+0.059%	$161.2M	$83.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,773.5	+0.092%	$8.9M	$31.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.4	+0.015%	$21.4M	$64.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,766.4	−0.165%	$10.5M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.2	−0.138%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.5	−0.090%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,766.1	−0.175%	$969K	$12.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,766.4	−0.165%	$30.9M	$74.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.3	−0.026%	—	$35.9M	500x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,768.7	−0.082%	$8.1M	$673.3M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,769	−0.071%	$97.8M	$314.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0157%	8h	2,769	−0.073%	$32.6M	$11.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,768.9	−0.075%	$259.1M	$201.5M	50x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,771.8	+0.029%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,770.2	−0.027%	$287.4M	$175.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,766.6	−0.158%	$7.3M	$1.1M	25x	as long as short