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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.028%
Price spread now: Aftermath Perps against Bullet+0.159%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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.159% dearer against Bullet than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,766.60.0016pay 0.0002% / 1h5m 32s$184K$1.7M20x
ShortAftermath Perps ETHUSD2,7710.0072get 0.0009% / 1h5m 32s$31K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bullet. 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
$11.8
Price spread: +0.159% → 0.000%
$15.86
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$10.66
Costs to cover
0.170%
Break-even
0.7 days
Slippage unknown: Bullet: live order book, 4 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 Bullet live order book, 4 min ago0.18 bp5.0 bp −$58.5 bp −$85doesn't fitdoesn't fit
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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.261%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.3+0.026%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.017%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.6+0.036%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.2+0.022%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.8+0.152%$872K$3.7M25xas long as short
dYdX ETH-USD+0.0001%1h2,767.1+0.017%$12.2M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.023%$22.4M200xas long as short
Bullet ETH-USDlong+0.0016%1h2,766.6long leg$184K$1.7M20x
OKX ETH-USDT-SWAP+0.0033%8h2,766.9+0.012%$1.70B$10.95B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0036%8h2,767.6+0.036%$269.3M$65.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767+0.016%$12.7M200xas long as short
SoDEX ETH-USD+0.0048%1h2,767.1+0.018%$55.1M$187.7M40xas long as short
Aster ETHUSDT+0.0049%8h2,767.1+0.019%$260.6M$849.5M200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.3−0.045%$5.0M$156K20xas long as short
Binance ETHUSDT+0.0059%8h2,766.9+0.010%$6.47B$16.03B150xas long as short
MEXC ETH_USDT+0.0059%8h2,766.8+0.006%$1.61B$2.66B500xas long as short
Aftermath Perps ETHUSDshort+0.0072%1h2,771+0.159%$31K$21K20x
HTX ETH-USDT+0.0074%8h2,767.6+0.037%$1.07B$1.22B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,768.6+0.073%$60.3M$4.40B50xas long as short
Bitget ETHUSDT+0.0081%8h2,767.1+0.017%$2.10B$2.82B150xas long as short
Gate ETH_USDT+0.0082%8h2,767.2+0.021%$3.40B$9.12B200xas long as short
Vest ETH-PERP+0.0087%1h2,767.5+0.032%$870K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,767.2+0.020%$419.8M$589.3M100xas long as short
Lighter ETH+0.0096%1h2,767.5+0.032%$115.0M$460.3M50xas long as short
Lighter RH ETH+0.0096%1h2,768.6+0.073%$25.5M$112.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.7+0.186%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767+0.015%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.8+0.008%$14.5M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.4+0.100%$3.16B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,767.5+0.031%$31.3M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.1+0.017%$2.50B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.5−0.003%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.8+0.042%$2.8M$16.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.185%$172.0M$293.3M25xas long as short
BingX ETH-USDT+0.0100%8h2,767.1+0.017%$1.20Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.6+0.001%$15.0M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4−0.008%$134.4M$347.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,770.3+0.135%$183.8M$751.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.6+0.217%$161.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,773.5+0.251%$8.9M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.174%$21.4M$64.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,766.60.000%$10.5M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.2+0.020%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.5+0.069%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.1−0.017%$969K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,766.4−0.006%$30.9M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.3+0.133%$35.9M500xas long as short
Kalshi KXETHPERP+0.0119%8h2,768.7+0.076%$8.1M$673.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769+0.087%$97.8M$314.5M100xas long as short
Orderly PERP_ETH_USDC+0.0157%8h2,769+0.086%$32.6M$11.0M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,768.9+0.083%$259.1M$201.5M50xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,768.1+0.056%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,770.2+0.132%$287.4M$175.1M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,766.6+0.001%$7.3M$1.1M25xas long as short