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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.8% APRnext payment $0.04 per $10,000 · paid last 24h −0.002%
Price spread now: Aftermath Perps against Bluefin+0.160%7-day average · you sell dearer than you buy
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
The price spread pays, funding is against you. Aftermath Perps is 0.160% dearer against Bluefin than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,7180.0100pay 0.0013% / 1h33m 14s$22K$21K25x
ShortAftermath Perps ETHUSD2,722.40.0065get 0.0008% / 1h33m 14s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bluefin. 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
−$7.28
Price spread: +0.160% → 0.000%
$16.05
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$7.23
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample
Sell Aftermath Perps no order-book sample
Bluefin and 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%43m2,717.4−0.022%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.8+0.028%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,717.6−0.015%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,717.9−0.005%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.131%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,7180.000%$27.9M200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.127%$117K$22.5M52xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,718.9+0.031%$258.7M$206.2M50xas long as short
dYdX ETH-USD+0.0011%1h2,718.8+0.029%$10.7M$42.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,717.7−0.013%$185K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,717−0.038%$18.5Mas long as short
Bybit ETHUSDT+0.0042%8h2,717.6−0.018%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSDshort+0.0065%1h2,722.4+0.160%$30K$20K20x
Bullet ETH-USD+0.0069%1h2,717.6−0.016%$179K$1.7M20xas long as short
SunX ETH-USDT+0.0069%8h2,717.1−0.033%$952K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0075%8h2,717.8−0.008%$374.2M$577.9M100xas long as short
Aster ETHUSDT+0.0085%8h2,718.2+0.006%$251.6M$844.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715.1−0.108%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,717.8−0.010%$1.65B$10.78B100xas long as short
MEXC ETH_USDT+0.0091%8h2,717.8−0.009%$1.55B$2.58B500xas long as short
Binance ETHUSDT+0.0092%8h2,718.4+0.014%$6.29B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,718.3+0.009%$111.2M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,719.5+0.052%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0100%8h2,718.4+0.013%$262.7M$64.3M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,717.7−0.013%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,719.5+0.052%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,716.8−0.045%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,719.8+0.065%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,718.4+0.014%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.3−0.027%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,719+0.034%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.213%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,717.9−0.007%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718−0.003%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,717.9−0.005%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.191%$133.0M$326.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.224%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.205%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.241%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,721.3+0.120%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.6+0.056%$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,718.9+0.032%$11.1M$9.6M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,718long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,719+0.034%$40.7M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,717.8−0.009%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.1−0.036%$30.5M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,717.6−0.016%$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,719+0.036%$49.7M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.2+0.042%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,718.5+0.017%$6.4M$691.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.4+0.013%$82.7M$315.8M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,720+0.072%$32.0M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717−0.037%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.087%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,717.8−0.010%$281.2M$174.1M150xas long as short