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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.001%
Price spread now: Binance against Aevo+0.052%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.566% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.052%, 7d avg +0.061%
Together, before fees+0.057%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,774.90.0048pay 0.0006% / 1h16m 25s$5.0M$636K20x
ShortBinance ETHUSDT2,776.30.0050get 0.0050% / 8h2h 16m$6.44B$17.22B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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
$0.48
Price spread: +0.052% → +0.061%
−$0.91
Slippage, 4 orders
−$30.56
Fee Aevo: 8 bp × 2 orders
−$16
Fee Binance: 5 bp × 2 orders
−$10
Net
−$56.99
Costs to cover
0.566%
Break-even
836.5 days
Slippage from Aevo: live order book, 3 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 3 min ago14.97 bp23.5 bp −$2431.3 bp −$31352.3 bp −$5,231doesn't fit
Sell Binance live order book, 13 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5948.5 bp −$4,251

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−0.0112%43m2,777.6+0.097%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6+0.062%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.119%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,777.9+0.108%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.119%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,777.8+0.106%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD0.0000%1h2,776.7+0.064%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.8+0.177%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.8+0.069%$22.4M200xas long as short
Phemex ETHUSDT+0.0014%8h2,776.4+0.053%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,775.9+0.037%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.2+0.082%$13.2M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.100%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0040%8h2,777.6+0.096%$256.9M$995.5M200xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,777.9+0.107%$258.5M$225.0M50xas long as short
Aevo ETH-PERPlong+0.0048%1h2,774.9long leg$5.0M$636K20x
MEXC ETH_USDT+0.0050%8h2,776.9+0.071%$1.60B$2.68B500xas long as short
Binance ETHUSDTshort+0.0050%8h2,776.3+0.052%$6.44B$17.22B150x
Gate ETH_USDT+0.0075%8h2,776.6+0.062%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,776+0.040%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,776.4+0.054%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.067%$141.1M$320.7Mas long as short
Lighter ETH+0.0096%1h2,779.6+0.171%$115.3M$514.7M50xas long as short
Lighter RH ETH+0.0096%1h2,781+0.219%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.9+0.074%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,779.1+0.152%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778+0.112%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,778.9+0.144%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.5+0.166%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,779.6+0.170%$31.4M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.1+0.042%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777+0.076%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.6+0.168%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.115%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.9+0.108%$423.1M$741.8M100xas long as short
BingX ETH-USDC+0.0100%8h2,776.5+0.056%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.171%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9+0.038%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7+0.028%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8+0.069%$21.4M$57.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.126%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.5+0.093%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.132%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,778.3+0.121%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2+0.047%$55.3M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,776+0.040%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.2+0.117%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.6+0.026%$31.4M$75.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.6+0.099%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.6+0.134%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.2+0.156%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.145%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,776.6+0.062%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.096%$86.8M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,780+0.183%$282K$1.5M20xas long as short