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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0252%/8h= −27.6% APRnext payment $0.32 per $10,000 · paid last 24h +0.017%
Price spread now: Aftermath Perps against Kraken Futures+0.069%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
The price spread pays, funding is against you. Aftermath Perps is 0.069% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,749.30.0354pay 0.0044% / 1h20m 49s$89.4M$316.7M100x
ShortAftermath Perps ETHUSD2,751.20.0102get 0.0013% / 1h20m 49s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kraken Futures. 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
−$53.01
Price spread: +0.069% → 0.000%
$6.85
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$65.15
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago0.18 bp5.4 bp −$56.6 bp −$668.2 bp −$82512.0 bp −$5,999
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,750.6+0.048%$311K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750+0.027%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.1+0.031%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,749.6+0.012%$12.2M200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.128%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.3+0.036%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.7+0.016%$22.2M200xas long as short
01 Exchange ETHUSD+0.0024%1h2,750.5+0.045%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0028%1h2,751.6+0.086%$8.7M$31.5M100xas long as short
BingX ETH-USDT+0.0037%8h2,746.8−0.090%$1.18Bas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,746.2−0.111%$1.69B$10.96B100xas long as short
HTX ETH-USDT+0.0057%8h2,748.3−0.035%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0070%8h2,747.5−0.064%$372.6M$609.7M100xas long as short
Aster ETHUSDT+0.0072%8h2,748.1−0.044%$253.1M$857.7M200xas long as short
MEXC ETH_USDT+0.0080%8h2,746.5−0.100%$1.57B$2.57B500xas long as short
Aevo ETH-PERP+0.0080%1h2,746.6−0.098%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0082%8h2,746.7−0.094%$6.38B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.3+0.001%$59.1M$4.34B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.9−0.086%$3.39B$8.91B200xas long as short
Bitget ETHUSDT+0.0094%8h2,746.9−0.087%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,748.6−0.025%$113.0M$443.7M50xas long as short
Lighter RH ETH+0.0096%1h2,750.3+0.037%$24.8M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749.9+0.022%$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.5+0.189%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.7+0.016%$478K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.30.000%$14.0M$112.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.1+0.030%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,750.2+0.034%$31.5M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.8−0.091%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.4+0.005%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.2+0.035%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748.2−0.038%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7−0.020%$133.2M$345.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,750.9+0.060%$181.9M$703.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,752+0.098%$160.0M$83.0M50xas long as short
StandX ETH-USD+0.0100%1h2,752.7+0.125%$21.3M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,751.2+0.070%$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.4+0.041%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.4+0.005%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.1+0.029%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.7+0.053%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.8−0.055%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.6−0.024%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.6−0.025%$267.3M$65.9M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.092%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSDshort+0.0102%1h2,751.2+0.069%$30K$20K20x
Deribit ETH-PERPETUAL+0.0103%1h2,750+0.025%$258.5M$199.9M50xas long as short
Extended ETH-USD+0.0104%1h2,746.1−0.116%$30.5M$73.5M50xas long as short
Kalshi KXETHPERP+0.0143%8h2,750.4+0.041%$7.7M$674.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0172%8h2,751.6+0.084%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,753.6+0.158%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.8+0.056%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,749.6+0.011%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSDlong+0.0354%1h2,749.3long leg$89.4M$316.7M100x