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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.030%
Price spread now: Gate against Aevo+0.084%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.449% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.084%, 7d avg +0.055%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.029% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,770.10.0056pay 0.0007% / 1h16m 13s$5.0M$636K20x
ShortGate ETH_USDT2,772.40.0068get 0.0068% / 8h16m 13s$3.29B$9.68B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$2.52
Price spread: +0.084% → +0.055%
$2.85
Slippage, 4 orders
−$13.85
Fee Aevo: 8 bp × 2 orders
−$16
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$39.48
Costs to cover
0.449%
Break-even
116.7 days
Slippage from Aevo: live order book, 3 min ago; Gate: live order book, 3 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 ago2.99 bp11.4 bp −$1132.3 bp −$32348.9 bp −$4,886doesn't fit
Sell Gate live order book, 3 min ago0.02 bp7.7 bp −$88.7 bp −$8711.9 bp −$1,19320.0 bp −$10.0K

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−0.0223%43m2,772.5+0.087%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773+0.105%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.287%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.9+0.102%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0026%1h2,773+0.106%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,773.4+0.120%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,773.5+0.123%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,769.9−0.006%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.9+0.101%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772+0.068%$1.70B$11.89B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772.8+0.097%$12.8M200xas long as short
Aftermath Perps ETHUSD+0.0026%1h2,772.4+0.086%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,772.3+0.081%$270.3M$68.9M150xas long as short
Aster ETHUSDT+0.0033%8h2,772.8+0.098%$256.0M$1.00B200xas long as short
SoDEX ETH-USD+0.0040%1h2,772.5+0.088%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0043%1h2,772.2+0.077%$181K$1.7M20xas long as short
Aevo ETH-PERPlong+0.0056%1h2,770.1long leg$5.0M$636K20x
MEXC ETH_USDT+0.0057%8h2,772.8+0.097%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0058%8h2,772.1+0.075%$6.45B$17.31B150xas long as short
Bitget ETHUSDT+0.0065%8h2,772.4+0.086%$2.10B$3.10B150xas long as short
Gate ETH_USDTshort+0.0068%8h2,772.4+0.084%$3.29B$9.68B200x
Deribit ETH-PERPETUAL+0.0071%1h2,774.2+0.148%$259.0M$222.4M50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.8+0.100%$421.2M$739.2M100xas long as short
BingX ETH-USDT+0.0088%8h2,772.1+0.074%$1.24Bas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,773.9+0.139%$60.3M$4.60B50xas long as short
Bybit ETHUSDT+0.0088%8h2,772.1+0.073%$2.51B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,773.2+0.114%$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,772.2+0.078%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.1+0.108%$115.2M$500.2M50xas long as short
Lighter RH ETH+0.0096%1h2,774.5+0.160%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2+0.112%$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773+0.107%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.6+0.092%$476K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.6+0.093%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.3+0.190%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,773.6+0.127%$31.3M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.8+0.099%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.9+0.138%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.104%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.1+0.074%$15.1M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,772.7+0.096%$147.4M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,771.2+0.040%$181.9M$784.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,773+0.105%$161.2M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.041%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.106%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.3+0.116%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,772.1+0.074%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,774.5+0.159%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,771.9+0.065%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0112%8h2,773.5+0.124%$8.3M$687.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,773.8+0.136%$89.1M$337.3M100xas long as short
Orderly PERP_ETH_USDC+0.0142%8h2,774.7+0.168%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0178%8h2,772.1+0.073%$286.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,772.5+0.089%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,772.2+0.076%$252K$1.6M20xas long as short