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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.019%
Price spread now: Aftermath Perps against Nado+0.035%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 fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.035% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ETH-PERP2,730.70.0100pay 0.0012% / 1h40m 32s$13.8M$104.3M50x
ShortAftermath Perps ETHUSD2,731.70.0124get 0.0016% / 1h40m 32s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Nado. 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
$5.06
Price spread: +0.035% → 0.000%
$3.54
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$7.4
Costs to cover
0.160%
Break-even
17.2 days
Slippage unknown: Nado: 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 Nado live order book, 4 min ago0.18 bp3.7 bp −$43.9 bp −$395.7 bp −$56814.0 bp −$7,005
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%43m2,731.9+0.042%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,728.7−0.073%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.051%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.6−0.004%$11.9M200xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,729.9−0.031%$8.9M$31.3M100xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.021%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,731.8+0.040%$188K$842K50xas long as short
Phoenix ETH0.0000%1h2,728.8−0.070%$832K$2.9M25xas long as short
Bullet ETH-USD+0.0005%1h2,730.5−0.008%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,731.1+0.015%$26.2M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0058%1h2,730.2−0.018%$54.4M$187.6M40xas long as short
BingX ETH-USDT+0.0059%8h2,731.2+0.017%$1.14Bas long as short
KuCoin ETHUSDTM+0.0069%8h2,730.7+0.001%$380.4M$576.2M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,730.6−0.003%$1.67B$10.71B100xas long as short
HTX ETH-USDT+0.0080%8h2,729.7−0.038%$1.05B$1.20B200xas long as short
Aster ETHUSDT+0.0080%8h2,731.5+0.028%$251.5M$844.2M200xas long as short
Bybit ETHUSDT+0.0086%8h2,730.9+0.009%$2.39B$4.34B150xas long as short
MEXC ETH_USDT+0.0088%8h2,730.8+0.002%$1.52B$2.55B500xas long as short
Aevo ETH-PERP+0.0088%1h2,727.8−0.107%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0088%8h2,731.5+0.029%$6.35B$15.86B150xas long as short
Lighter ETH+0.0096%1h2,732.1+0.051%$112.1M$435.9M50xas long as short
Lighter RH ETH+0.0096%1h2,732.9+0.081%$23.3M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,730.2−0.017%$30.6M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,734.8+0.148%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,732.1+0.053%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,731+0.011%$500K$3.2M50xas long as short
Nado ETH-PERPlong+0.0100%1h2,730.7long leg$13.8M$104.3M50x
Hyperliquid ETH+0.0100%1h2,733.2+0.091%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,732.8+0.076%$31.6M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7+0.036%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.2+0.055%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.6+0.033%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.6−0.005%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.2−0.017%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3−0.052%$133.2M$325.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,730.8+0.003%$183.7M$669.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.7−0.002%$158.9M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,729.7−0.037%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.6+0.034%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.4+0.062%$11.2M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,731.9+0.043%$41.2M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.1−0.060%$957K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,730.4−0.013%$265.4M$65.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,730.9+0.007%$166.8M$318.0M25xas long as short
Extended ETH-USD+0.0104%1h2,730.4−0.010%$30.4M$72.7M50xas long as short
Deribit ETH-PERPETUAL+0.0105%1h2,731.7+0.035%$260.1M$196.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.8+0.039%$51.5M$4.26B50xas long as short
Aftermath Perps ETHUSDshort+0.0124%1h2,731.7+0.035%$30K$20K20x
Kalshi KXETHPERP+0.0150%8h2,729.8−0.033%$6.5M$677.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,732.8+0.075%$32.1M$11.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,731+0.011%$84.2M$314.0M100xas long as short
Reya ETHRUSDPERP+0.0222%1h2,730−0.026%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,731.5+0.031%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0354%8h2,730.3−0.016%$282.9M$174.9M150xas long as short
Bluefin ETH-PERP+0.0360%1h2,731.1+0.016%$21K$20K25xas long as short