Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.031%

Price spread now: Aftermath Perps against BingX+0.056%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aftermath Perps

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. Aftermath Perps is 0.056% dearer against BingX than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETH-USDC	2,768.9	0.0100	pay 0.0100% / 8h	7h 11m	—	$17.3M	—
Short	Aftermath Perps ETHUSD	2,770.4	0.0079	get 0.0010% / 1h	11m 24s	$31K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BingX. 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 BingXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$4.35
Price spread: +0.056% → 0.000%: $5.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$17.79
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 12 min ago	0.18 bp	5.2 bp −$5	5.4 bp −$54	7.1 bp −$711	9.9 bp −$4,937
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,773.8	+0.179%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,769.8	+0.034%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,769.4	+0.020%	$326K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,770.1	+0.045%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,769.8	+0.034%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,770.5	+0.060%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.9	+0.038%	$12.3M	$43.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769.8	+0.035%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0014%	1h	2,769.3	+0.016%	$185K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0030%	8h	2,768.9	+0.003%	$1.71B	$11.01B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0039%	1h	2,769.5	+0.023%	$55.2M	$187.8M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,769.7	+0.030%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0050%	8h	2,769.7	+0.030%	$256.1M	$860.0M	200x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,769.3	+0.018%	$6.47B	$16.12B	150x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,769.4	+0.020%	$1.61B	$2.66B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,766.5	−0.085%	$5.0M	$156K	20x	as long as short
HTX ETH-USDT	+0.0076%	8h	2,769	+0.006%	$1.07B	$1.24B	200x	as long as short
Bitget ETHUSDT	+0.0078%	8h	2,769	+0.005%	$2.10B	$2.83B	150x	as long as short
Aftermath Perps ETHUSDshort	+0.0079%	1h	2,770.4	+0.056%	$31K	$21K	20x
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,770.7	+0.065%	$60.3M	$4.41B	50x	as long as short
Gate ETH_USDT	+0.0081%	8h	2,769.6	+0.027%	$3.38B	$9.10B	200x	as long as short
Vest ETH-PERP	+0.0083%	1h	2,769.9	+0.039%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,769.9	+0.039%	$420.1M	$596.7M	100x	as long as short
Phemex ETHUSDT	+0.0093%	8h	2,769.4	+0.018%	$269.5M	$66.0M	150x	as long as short
ApeX Omni ETHUSDT	+0.0094%	1h	2,769.3	+0.016%	$8.6M	$32.0M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,769.4	+0.019%	$115.1M	$459.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770.9	+0.074%	$25.5M	$112.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.1	+0.154%	$15.9M	$8.4M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.3	+0.016%	$485K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.8	+0.035%	$14.5M	$113.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.4	+0.126%	$3.17B	$2.19B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.5	+0.025%	$31.2M	$328.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.4	+0.021%	$2.51B	$4.30B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,768.9	+0.002%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.2	+0.048%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,763.5	−0.192%	$172.0M	$292.0M	25x	as long as short
BingX ETH-USDClong	+0.0100%	8h	2,768.9	long leg	—	$17.3M	—
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.8	−0.001%	$15.2M	$41.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,769.2	+0.011%	$134.1M	$347.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769	+0.004%	$181.8M	$786.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.4	+0.091%	$161.1M	$84.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.5	+0.096%	$21.4M	$64.1M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.6	+0.027%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.7	+0.030%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771	+0.078%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.5	−0.012%	$971K	$12.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.3	−0.019%	$30.9M	$74.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,769.7	+0.031%	—	$36.1M	500x	as long as short
Kalshi KXETHPERP	+0.0112%	8h	2,770.7	+0.067%	$8.2M	$674.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.1	+0.080%	$97.9M	$314.8M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0156%	8h	2,771.8	+0.105%	$32.7M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,770.4	+0.055%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,770	+0.042%	$287.8M	$178.2M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0205%	1h	2,771.2	+0.084%	$259.1M	$202.5M	50x	as long as short
Reya ETHRUSDPERP	+0.0214%	1h	2,769.8	+0.036%	$7.3M	$1.1M	25x	as long as short