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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Coinbase International against Aftermath Perps+0.309%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 $0 a day on $10k at the current rate, and Coinbase International is 0.309% dearer against Aftermath Perps than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,725.60.0088pay 0.0011% / 1h18m 03s$30K$20K20x
ShortCoinbase International ETH-PERP-INTX2,734.10.0104get 0.0013% / 1h18m 03s$49.8M$4.32B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aftermath Perps. 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
$3.42
Price spread: +0.309% → 0.000%
$30.92
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$15.35
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Coinbase International: live order book, 1 min ago. 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 Aftermath Perps no order-book sample
Sell Coinbase International live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$508.3 bp −$82621.4 bp −$10.7K
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%43m2,732+0.232%$281K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.5+0.252%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5+0.253%$12.0M200xas long as short
Phoenix ETH−0.0009%1h2,725.4−0.008%$815K$3.0M25xas long as short
HTX ETH-USDT−0.0004%8h2,732.6+0.255%$1.05B$1.22B200xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.7+0.260%$33.0M200xas long as short
dYdX ETH-USD+0.0007%1h2,732.3+0.244%$10.4M$42.6M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.313%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0035%8h2,731.8+0.227%$1.12Bas long as short
01 Exchange ETHUSD+0.0040%1h2,731.6+0.219%$190K$841K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,730.7+0.187%$2.35B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0077%8h2,732.3+0.243%$374.9M$577.9M100xas long as short
SunX ETH-USDT+0.0077%8h2,731.8+0.226%$958K$11.1M100xas long as short
Bullet ETH-USD+0.0078%1h2,732.4+0.248%$181K$1.7M20xas long as short
Aftermath Perps ETHUSDlong+0.0088%1h2,725.6long leg$30K$20K20x
Phemex ETHUSDT+0.0088%8h2,732.8+0.264%$263.4M$65.0M150xas long as short
Aster ETHUSDT+0.0089%8h2,731.2+0.206%$252.6M$846.1M200xas long as short
MEXC ETH_USDT+0.0093%8h2,732.2+0.242%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0096%8h2,731.4+0.213%$6.34B$16.12B150xas long as short
Lighter ETH+0.0096%1h2,733.3+0.281%$112.5M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.314%$23.5M$104.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.5+0.179%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0097%8h2,731.1+0.199%$1.66B$10.87B100xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,720.3−0.195%$8.6M$31.4M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.2+0.204%$504K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.8+0.337%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.3+0.244%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.1+0.310%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,731.8+0.228%$32.0M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.179%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.224%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,722.5−0.115%$160.0M$319.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.8+0.227%$3.29B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732+0.232%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8+0.226%$15.0M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,724.5−0.042%$133.3M$327.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,725.3−0.010%$184.6M$678.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,720.5−0.189%$158.2M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728.8+0.116%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.1+0.273%$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.7+0.296%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.7+0.260%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.4+0.320%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,732.7+0.259%$54.4M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,732.1+0.237%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.7+0.260%$31.3M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,734.1+0.309%$49.8M$4.32B50x
RISEx ETH/USDC+0.0108%1h2,731.9+0.232%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0148%8h2,732+0.234%$7.0M$692.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0163%1h2,734.1+0.309%$259.3M$207.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,733.5+0.289%$83.3M$311.4M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,735.1+0.346%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0199%1h2,731.7+0.222%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,729.6+0.144%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0376%8h2,731+0.198%$281.5M$174.8M150xas long as short