Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.4% APRpaid last 24h −0.025%

Price spread now: MEXC against Aftermath Perps+0.106%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on MEXC

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 pays, funding is against you. MEXC is 0.106% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ETHUSD	2,742.9	0.0132	pay 0.0016% / 1h	31m 50s	$30K	$20K	20x
Short	MEXC ETH_USDT	2,745.8	0.0091	get 0.0091% / 8h	5h 31m	$1.56B	$2.54B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee MEXCbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$8.53
Price spread: +0.106% → 0.000%: $10.64
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$8.89
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; MEXC: live order book, 2 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.02 bp	1.0 bp −$1	1.0 bp −$10	1.6 bp −$163	4.3 bp −$2,145

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,745.3	+0.087%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	+0.007%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,745.3	+0.086%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,745.1	+0.080%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,745	+0.075%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,745.3	+0.089%	$22.2M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,745.2	+0.084%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,745.8	+0.106%	$183K	$914K	50x	as long as short
ApeX Omni ETHUSDT	+0.0046%	1h	2,741.3	−0.058%	$8.9M	$30.9M	100x	as long as short
BingX ETH-USDC	+0.0050%	8h	2,745	+0.075%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0064%	8h	2,745.8	+0.105%	$1.70B	$10.58B	100x	as long as short
KuCoin ETHUSDTM	+0.0065%	8h	2,745.4	+0.090%	$383.4M	$583.9M	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,746.2	+0.120%	$5.7M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0081%	1h	2,744.9	+0.074%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0083%	8h	2,745.8	+0.106%	$252.4M	$840.9M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,742	−0.032%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDTshort	+0.0091%	8h	2,745.8	+0.106%	$1.56B	$2.54B	500x
Binance ETHUSDT	+0.0091%	8h	2,745.8	+0.106%	$6.38B	$15.68B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,745.9	+0.111%	$112.8M	$433.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.3	+0.160%	$24.7M	$103.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,745.3	+0.087%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,745.8	+0.106%	$58.7M	$4.27B	50x	as long as short
HTX ETH-USDT	+0.0099%	8h	2,744.2	+0.047%	$1.06B	$1.18B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.2	+0.266%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,745.5	+0.095%	$468K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,745.5	+0.096%	$13.9M	$105.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,747.8	+0.179%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.3	+0.123%	$31.7M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,745.9	+0.109%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,744.9	+0.073%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746.1	+0.115%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741.5	−0.050%	$164.1M	$300.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,745.6	+0.100%	$3.39B	$8.73B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,745.7	+0.101%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,743.8	+0.033%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.081%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,740.6	−0.086%	$182.1M	$690.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,742.9	+0.002%	$159.5M	$83.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,744.8	+0.069%	$21.2M	$68.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,746.2	+0.122%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,746.6	+0.135%	$11.0M	$8.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,745.2	+0.084%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,746.1	+0.115%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,744.9	+0.071%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,744.3	+0.051%	$54.7M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.2	+0.049%	$266.9M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,744.7	+0.066%	$30.6M	$72.4M	50x	as long as short
Aftermath Perps ETHUSDlong	+0.0132%	1h	2,742.9	long leg	$30K	$20K	20x
Deribit ETH-PERPETUAL	+0.0133%	1h	2,745.7	+0.101%	$258.8M	$195.9M	50x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,745.6	+0.098%	$7.6M	$669.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,746.7	+0.137%	$32.3M	$11.3M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,745.4	+0.091%	$87.0M	$310.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0227%	1h	2,745.1	+0.082%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,746.2	+0.119%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0292%	8h	2,745.4	+0.091%	$285.2M	$182.1M	150x	as long as short