Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0029%/8hpaid last 24h −0.038%

Price spread now: SunX against Aftermath Perps−0.071%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 SunX

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

Funding pays, the price is against you. SunX is 0.071% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 8.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ETHUSD	2,763.3	0.0071	pay 0.0009% / 1h	5m 35s	$29K	$20K	20x
Short	SunX ETH-USDT	2,761.3	0.0100	get 0.0100% / 8h	4h 05m	$969K	$14.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.17
Price spread: −0.071% → 0.000%: −$7.06
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.89
Costs to cover: 0.170%
Break-even: 27.3 days

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	1.65 bp	5.6 bp −$6	5.8 bp −$58	7.8 bp −$781	9.7 bp −$4,871

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	−0.0208%	1h	2,761.8	−0.054%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0112%	43m	2,759.9	−0.124%	$269K	$6.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,758.7	−0.166%	$5K	$2K	50x	as long as short
SoDEX ETH-USD	−0.0021%	1h	2,758.6	−0.169%	$55.6M	$184.4M	40x	as long as short
Phoenix ETH	−0.0003%	1h	2,762.9	−0.014%	$928K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,757.8	−0.197%	$13.5M	$42.2M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0004%	1h	2,761.1	−0.079%	$258.3M	$209.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,760.5	−0.102%	$22.3M	—	200x	as long as short
Bulk ETH-USD	+0.0012%	1h	2,762.6	−0.025%	$165.0M	$265.6M	25x	as long as short
ApeX Omni ETHUSDT	+0.0016%	1h	2,761.5	−0.066%	$8.4M	$28.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0016%	8h	2,754.4	−0.323%	$1.73B	$11.29B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0021% / S +0.0013%	1h	2,760.5	−0.102%	$12.3M	—	200x	as long as short
Bullet ETH-USD	+0.0022%	1h	2,759.2	−0.149%	$194K	$1.8M	20x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,757.5	−0.209%	$178K	$1.2M	50x	as long as short
Phemex ETHUSDT	+0.0032%	8h	2,759.1	−0.150%	$266.7M	$64.5M	150x	as long as short
MEXC ETH_USDT	+0.0038%	8h	2,756.1	−0.261%	$1.61B	$2.48B	500x	as long as short
Binance ETHUSDT	+0.0039%	8h	2,756.2	−0.256%	$6.56B	$16.33B	150x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,757.3	−0.216%	$5.0M	$651K	20x	as long as short
RISEx ETH/USDC	+0.0044%	1h	2,757.6	−0.206%	$5.8M	$12.2M	25x	as long as short
Gate ETH_USDT	+0.0049%	8h	2,756.6	−0.241%	$3.34B	$9.26B	200x	as long as short
Aster ETHUSDT	+0.0057%	8h	2,757.6	−0.205%	$267.9M	$947.7M	200x	as long as short
Aftermath Perps ETHUSDlong	+0.0071%	1h	2,763.3	long leg	$29K	$20K	20x
Bitget ETHUSDT	+0.0072%	8h	2,754.6	−0.314%	$2.09B	$3.01B	150x	as long as short
Variational Omni ETH	+0.0089%	8h	2,762.2	−0.038%	$140.0M	$304.0M	—	as long as short
Lighter ETH	+0.0096%	1h	2,757.2	−0.220%	$115.0M	$498.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,759.3	−0.145%	$25.5M	$122.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,761.8	−0.055%	—	$44.1M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,761.2	−0.077%	$15.8M	$11.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,758	−0.191%	$480K	$2.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,761	−0.082%	$17.3M	$112.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,760.2	−0.111%	$3.23B	$2.21B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,757.4	−0.213%	$31.2M	$265.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,756	−0.263%	$2.52B	$4.43B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,756.6	−0.242%	$2.9M	$15.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,758.4	−0.175%	$2.9M	$16.9M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,757.1	−0.224%	$414.7M	$711.1M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,756.4	−0.248%	—	$1.15B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,759	−0.157%	$15.3M	$41.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,761.2	−0.074%	$179.7M	$749.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,762.6	−0.026%	$160.7M	$95.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,760.9	−0.086%	$21.3M	$56.8M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,758	−0.191%	$11.3M	$7.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,760.5	−0.100%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,762.2	−0.039%	$42.8M	$29.2M	15x	as long as short
SunX ETH-USDTshort	+0.0100%	8h	2,761.3	−0.071%	$969K	$14.2M	100x
HTX ETH-USDT	+0.0100%	8h	2,758.3	−0.180%	$1.08B	$1.24B	200x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,757.2	−0.220%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,756.1	−0.260%	$31.5M	$75.6M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0112%	8h	2,762	−0.046%	$32.4M	$11.1M	100x	as long as short
Kalshi KXETHPERP	+0.0127%	8h	2,762.3	−0.035%	$8.5M	$643.1M	4.9x	as long as short
Coinbase International ETH-PERP-INTX	+0.0128%	1h	2,760.7	−0.095%	$59.5M	$4.56B	50x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,763.6	+0.011%	$278K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0154%	8h	2,762.2	−0.040%	$292.7M	$186.8M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0163%	1h	2,760.1	−0.114%	$85.2M	$322.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,754.1	−0.331%	$7.5M	$937K	25x	as long as short