Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.015%

Price spread now: Paradex against Aftermath Perps+0.077%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.077% dearer against Aftermath Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ETHUSD	2,749.6	0.0107	pay 0.0013% / 1h	59m 02s	$30K	$12K	20x
Short	Paradex ETH-USD-PERP	2,751.8	0.0100	get 0.0100% / 8h	6h 59m	$15.7M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$1.51
Price spread: +0.077% → 0.000%: $7.74
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.77
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Paradex: live order book, just now. 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 Paradex live order book, just now	0.49 bp	2.5 bp −$2	6.1 bp −$61	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 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,748.4	−0.045%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0036%	8h	2,744.9	−0.172%	$2.36B	$4.15B	150x	as long as short
Hibachi ETH/USDT-P	−0.0024%	1h	2,750	+0.011%	$236K	$1.3M	20x	as long as short
Phoenix ETH	−0.0012%	1h	2,751.4	+0.064%	$814K	$2.8M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.9	−0.029%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.2	−0.088%	$11.1M	$41.5M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,747.8	−0.067%	$182K	$927K	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,747.9	−0.064%	$6.8M	$664.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,746.2	−0.125%	$271K	$5.2M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,746.2	−0.125%	$266.4M	$209.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.8	+0.004%	$33.2M	—	200x	as long as short
Phemex ETHUSDT	+0.0034%	8h	2,745.6	−0.149%	$264.2M	$59.4M	150x	as long as short
Gate ETH_USDT	+0.0041%	8h	2,745.6	−0.148%	$3.27B	$7.65B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,744.7	−0.182%	$1.67B	$10.19B	100x	as long as short
ApeX Omni ETHUSDT	+0.0070%	1h	2,749.5	−0.006%	$8.3M	$30.3M	100x	as long as short
Aster ETHUSDT	+0.0071%	8h	2,745.8	−0.138%	$253.0M	$796.9M	200x	as long as short
SoDEX ETH-USD	+0.0078%	1h	2,745	−0.169%	$54.7M	$160.0M	40x	as long as short
HTX ETH-USDT	+0.0079%	8h	2,744.7	−0.179%	$1.05B	$1.16B	200x	as long as short
Kraken Futures PF_ETHUSD	+0.0080%	1h	2,745.8	−0.140%	$82.5M	$290.8M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,742.8	−0.249%	$4.9M	$200K	20x	as long as short
Binance ETHUSDT	+0.0081%	8h	2,745.6	−0.148%	$6.41B	$15.44B	150x	as long as short
MEXC ETH_USDT	+0.0081%	8h	2,744.6	−0.182%	$1.58B	$2.46B	500x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,745.7	−0.142%	$367.9M	$481.9M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,745.7	−0.145%	$113.5M	$378.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,746.8	−0.105%	$24.8M	$91.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,749.9	+0.010%	—	$24.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,747	−0.096%	$510K	$3.5M	50x	as long as short
Paradex ETH-USD-PERPshort	+0.0100%	8h	2,751.8	+0.077%	$15.7M	$6.5M	50x
Nado ETH-PERP	+0.0100%	1h	2,747.9	−0.063%	$14.6M	$100.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,747.6	−0.074%	$3.13B	$1.94B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,748.3	−0.049%	$32.1M	$326.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,747.8	−0.067%	$2.8M	$15.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748	−0.058%	$1.5M	$15.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.062%	$166.7M	$340.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744.7	−0.179%	$2.11B	$2.55B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,745.5	−0.152%	—	$990.6M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,745.3	−0.157%	$14.9M	$37.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.4	−0.117%	$131.8M	$307.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,749	−0.024%	$186.3M	$695.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,749.1	−0.018%	$159.8M	$73.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,749.4	−0.009%	$21.1M	$72.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,748.8	−0.029%	—	$409K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.2	−0.053%	$11.3M	$9.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,745.6	−0.147%	$176K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,745.7	−0.144%	$20K	$15K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,746.3	−0.122%	$946K	$9.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.7	−0.218%	$30.4M	$68.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,745.9	−0.136%	$45.6M	$4.10B	50x	as long as short
Aftermath Perps ETHUSDlong	+0.0107%	1h	2,749.6	long leg	$30K	$12K	20x
Reya ETHRUSDPERP	+0.0167%	1h	2,745	−0.171%	$7.3M	$880K	25x	as long as short
RISEx ETH/USDC	+0.0167%	1h	2,746.4	−0.117%	$5.6M	$11.2M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0182%	8h	2,747.5	−0.080%	$32.4M	$10.4M	100x	as long as short
BloFin ETH-USDT	+0.0301%	8h	2,745	−0.169%	$281.8M	$166.0M	150x	as long as short
Injective ETH/USDC PERP	+0.0308%	1h	2,752.8	+0.115%	$122K	$19.9M	52x	as long as short