Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0115%/8h= −12.5% APRnext payment $0.14 per $10,000 · paid last 24h +0.046%
Price spread now: Aftermath Perps against ApeX Omni−0.133%66s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.133% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,777.80.0097pay 0.0012% / 1h27m 40s$8.7M$32.5M100x
ShortAftermath Perps ETHUSD2,774.1−0.0018pay 0.0002% / 1h27m 40s$29K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against ApeX Omni. 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
−$24.06
Price spread: −0.133% → 0.000%
−$13.31
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$56.37
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 1 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 ApeX Omni live order book, 1 min ago0.45 bp5.5 bp −$56.1 bp −$6124.5 bp −$2,44740.9 bp −$20.5K
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%43m2,773.7−0.148%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.9−0.175%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.8−0.142%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.268%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.3−0.160%$169K$1.2M50xas long as short
Aftermath Perps ETHUSDshort−0.0018%1h2,774.1−0.133%$29K$22K20x
dYdX ETH-USD0.0000%1h2,773.3−0.159%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.293%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.9−0.175%$22.4M200xas long as short
BingX ETH-USDT+0.0016%8h2,772.9−0.176%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,772.8−0.177%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0023%8h2,772.1−0.205%$269.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.8−0.176%$13.0M200xas long as short
Aster ETHUSDT+0.0032%8h2,772.4−0.192%$255.9M$990.8M200xas long as short
Bullet ETH-USD+0.0035%1h2,771.9−0.211%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0046%1h2,772.5−0.188%$258.3M$222.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,769.7−0.288%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,772.8−0.179%$1.62B$2.66B500xas long as short
Nado ETH-PERP+0.0060%1h2,773.7−0.148%$14.3M$118.0M50xas long as short
Binance ETHUSDT+0.0060%8h2,772.6−0.184%$6.42B$17.16B150xas long as short
Bitget ETHUSDT+0.0071%8h2,772.7−0.181%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0074%8h2,772.7−0.183%$3.29B$9.62B200xas long as short
SoDEX ETH-USD+0.0077%1h2,770.7−0.254%$55.2M$228.8M40xas long as short
Bybit ETHUSDT+0.0093%8h2,772.9−0.174%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,770.7−0.252%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.3−0.161%$115.1M$500.2M50xas long as short
Lighter RH ETH+0.0096%1h2,774.2−0.130%$25.3M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.2−0.126%$41.6M500xas long as short
ApeX Omni ETHUSDTlong+0.0097%1h2,777.8long leg$8.7M$32.5M100x
KuCoin ETHUSDTM+0.0098%8h2,772.3−0.197%$423.4M$739.3M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.5−0.189%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9−0.175%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6−0.113%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,773−0.171%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.272%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.9−0.104%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.371%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771−0.245%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.299%$135.0M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,777.1−0.025%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.298%$161.1M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.7−0.218%$21.4M$58.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.5−0.117%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.6−0.186%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6−0.148%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,773−0.170%$972K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.2−0.165%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,772.4−0.194%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772−0.207%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0122%8h2,773.4−0.157%$8.6M$676.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,774.1−0.130%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.4−0.229%$86.0M$331.8M100xas long as short
BloFin ETH-USDT+0.0179%8h2,773−0.171%$285.2M$194.3M150xas long as short
Hibachi ETH/USDT-P+0.0184%1h2,773.7−0.146%$278K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.3−0.197%$7.4M$1.2M25xas long as short