Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.026%

Price spread now: Aftermath Perps against MEXC−0.015%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETH_USDT	2,748.1	0.0082	pay 0.0082% / 8h	6h 02m	$1.59B	$2.59B	500x
Short	Aftermath Perps ETHUSD	2,747.7	0.0106	get 0.0013% / 1h	2m 18s	$30K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against MEXC. 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 MEXCbpFee Aftermath PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: $5.04
Price spread: −0.015% → 0.000%: −$1.49
Slippage, 4 orders: no order book: not counted
Fee MEXC: 1 bp × 2 orders: −$2
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$7.45
Costs to cover: 0.110%
Break-even: 17.3 days

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.5 bp −$150	3.7 bp −$1,842
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 54 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
Perpl ETH	−0.0112%	43m	2,747.7	−0.017%	$309K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.1	+0.036%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,748.1	+0.001%	$5.7M	$11.2M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,749.3	+0.042%	$12.1M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,748.4	+0.011%	$848K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.7	−0.015%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,749.4	+0.048%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,748.8	+0.025%	$182K	$980K	50x	as long as short
BingX ETH-USDT	+0.0041%	8h	2,749.1	+0.036%	—	$1.16B	—	as long as short
OKX ETH-USDT-SWAP	+0.0053%	8h	2,748.2	+0.004%	$1.70B	$10.70B	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0066%	8h	2,749.1	+0.035%	$369.6M	$604.6M	100x	as long as short
Aster ETHUSDT	+0.0073%	8h	2,748.4	+0.011%	$253.2M	$846.6M	200x	as long as short
ApeX Omni ETHUSDT	+0.0077%	1h	2,745.4	−0.098%	$8.7M	$31.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,746.6	−0.056%	$4.9M	$167K	20x	as long as short
HTX ETH-USDT	+0.0081%	8h	2,748.6	+0.016%	$1.06B	$1.18B	200x	as long as short
MEXC ETH_USDTlong	+0.0082%	8h	2,748.1	long leg	$1.59B	$2.59B	500x
Binance ETHUSDT	+0.0083%	8h	2,748.9	+0.028%	$6.39B	$15.90B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,749.4	+0.047%	$58.6M	$4.29B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,747.6	−0.017%	$113.0M	$445.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,748.6	+0.019%	$24.7M	$108.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749.4	+0.048%	—	$31.0M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,751.8	+0.133%	$16.2M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,747.2	−0.033%	$477K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.2	−0.032%	$13.9M	$108.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,750.9	+0.102%	$3.13B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,747.7	−0.015%	$31.7M	$334.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,748.6	+0.016%	$2.47B	$4.24B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,746.9	−0.044%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748.3	+0.006%	$2.8M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,749.2	+0.038%	$3.40B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,748.6	+0.016%	$2.08B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,747.3	−0.031%	$15.0M	$41.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.2	−0.071%	$132.8M	$343.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,745.3	−0.104%	$181.9M	$700.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,747.1	−0.037%	$159.7M	$82.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,748.9	+0.029%	$21.3M	$69.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,748.9	+0.030%	—	$849K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.6	+0.018%	$10.7M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,748.7	+0.021%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,749	+0.034%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,750.1	+0.074%	$41.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,746.4	−0.062%	$963K	$12.0M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,748.2	+0.003%	$54.7M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,748.8	+0.024%	$267.7M	$65.8M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.2	−0.068%	$164.3M	$302.6M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,747.5	−0.021%	$30.6M	$73.1M	50x	as long as short
Aftermath Perps ETHUSDshort	+0.0106%	1h	2,747.7	−0.015%	$30K	$20K	20x
Kalshi KXETHPERP	+0.0148%	8h	2,748.9	+0.029%	$7.9M	$672.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0161%	1h	2,749.6	+0.053%	$258.9M	$197.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,751.1	+0.108%	$32.3M	$11.0M	100x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,748.3	+0.007%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0223%	1h	2,747.8	−0.013%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,749.9	+0.065%	$250K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,749.1	+0.034%	$88.2M	$313.9M	100x	as long as short