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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.5% APRnext payment $0.09 per $10,000 · paid last 24h −0.011%
Price spread now: Aftermath Perps against Reya−0.041%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aftermath Perps is 0.041% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,742.50.0160pay 0.0020% / 1h18m 15s$7.3M$870K25x
ShortAftermath Perps ETHUSD2,741.40.0092get 0.0012% / 1h18m 15s$30K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Reya. 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
−$14.32
Price spread: −0.041% → 0.000%
−$4.09
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$33.41
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Reya: 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 Reya no order-book sample
Sell Aftermath Perps no order-book sample
Reya 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 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0096%1h2,741.1−0.054%$235K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740.3−0.082%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,742.6+0.003%$8.3M$27.2M100xas long as short
Bybit ETHUSDT−0.0028%8h2,743.1+0.021%$2.36B$3.90B150xas long as short
Phoenix ETH−0.0023%1h2,742.8+0.009%$806K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.9−0.060%$12.0M200xas long as short
Kalshi KXETHPERP0.0000%8h2,742.2−0.013%$7.0M$661.9M4.9xas long as short
Perpl ETH0.0000%43m2,742.6+0.003%$269K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,740.7−0.068%$33.1M200xas long as short
01 Exchange ETHUSD+0.0048%1h2,743.6+0.038%$195K$934K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0054%1h2,743.2+0.024%$14.8M$42.9M50xas long as short
Gate ETH_USDT+0.0061%8h2,743.4+0.030%$3.27B$7.87B200xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,743.2+0.024%$1.67B$9.48B100xas long as short
Aster ETHUSDT+0.0073%8h2,743.2+0.025%$256.2M$736.0M200xas long as short
MEXC ETH_USDT+0.0079%8h2,743.5+0.034%$1.59B$2.52B500xas long as short
Binance ETHUSDT+0.0079%8h2,743.3+0.028%$6.39B$14.47B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,744.4+0.068%$82.1M$279.8M100xas long as short
Aevo ETH-PERP+0.0080%1h2,742.4−0.005%$4.9M$210K20xas long as short
KuCoin ETHUSDTM+0.0084%8h2,743.4+0.032%$366.2M$457.8M100xas long as short
Aftermath Perps ETHUSDshort+0.0092%1h2,741.4−0.041%$30K$8K20x
Lighter ETH+0.0096%1h2,743.6+0.040%$114.0M$390.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745+0.091%$23.7M$98.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.5−0.038%$23.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.2−0.013%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.2−0.049%$14.5M$97.1M50xas long as short
Pacifica ETH+0.0100%1h2,742.5−0.002%$32.1M$324.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.4−0.042%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.4+0.032%$1.5M$14.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.070%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,744.4+0.066%$2.11B$2.37B150xas long as short
BingX ETH-USDC+0.0100%8h2,742.4−0.005%$18.5Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.4−0.080%$14.9M$37.0M50xas long as short
Variational Omni ETH+0.0100%8h2,740.5−0.076%$132.1M$302.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,742.4−0.006%$186.1M$633.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.4−0.079%$159.3M$73.0M50xas long as short
StandX ETH-USD+0.0100%1h2,742.7+0.006%$21.1M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.5+0.071%$346K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.9+0.086%$11.3M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.4+0.031%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,741.5−0.037%$945K$9.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.8+0.046%$61.8M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,743.8+0.045%$1.05B$1.09B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.030%$263.9M$57.6M150xas long as short
Extended ETH-USD+0.0104%1h2,742.9+0.011%$30.4M$66.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,744.9+0.084%$45.6M$3.93B50xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,744.9+0.084%$267.3M$192.4M50xas long as short
Hyperliquid ETH+0.0131%1h2,746.7+0.151%$3.16B$1.78B25xas long as short
Reya ETHRUSDPERPlong+0.0160%1h2,742.5long leg$7.3M$870K25x
RISEx ETH/USDC+0.0167%1h2,743.7+0.042%$5.6M$10.7M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,745.3+0.100%$32.4M$10.1M100xas long as short
BloFin ETH-USDT+0.0190%8h2,740.7−0.066%$282.2M$156.7M150xas long as short
Injective ETH/USDC PERP+0.0308%1h2,747.3+0.173%$118K$23.9M52xas long as short
Paradex ETH-USD-PERP+0.0314%8h2,745.9+0.122%$15.8M$6.5M50xas long as short
Bluefin ETH-PERP+0.1013%1h2,743.5+0.034%$20K$15K25xas long as short