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+0.0003%/8h= +0.3% APRpaid last 24h +0.001%
Price spread now: MEXC against Aevo+0.132%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.422% 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)+0.049%+$5 · spread now +0.132%, 7d avg +0.058%
Together, before fees+0.048%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.073% dearer against Aevo than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,767.30.0040pay 0.0005% / 1h50m 49s$5.0M$636K20x
ShortMEXC ETH_USDT2,7710.0043get 0.0043% / 8h2h 50m$1.59B$2.62B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$0.63
Price spread: +0.132% → +0.058%
$7.35
Slippage, 4 orders
−$24.21
Fee Aevo: 8 bp × 2 orders
−$16
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$34.24
Costs to cover
0.422%
Break-even
387.4 days
Slippage from Aevo: live order book, 3 min ago; MEXC: 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 ago5.14 bp13.1 bp −$1397.4 bp −$974doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.0 bp −$101.4 bp −$1434.2 bp −$2,077

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%43m2,769.7+0.085%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0176%1h2,772.5+0.186%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.267%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.8+0.162%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,770.5+0.115%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.339%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,770.4+0.111%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,771.5+0.149%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.9+0.129%$22.4M200xas long as short
BingX ETH-USDC+0.0017%8h2,771.3+0.143%$17.3Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.8+0.125%$1.70B$11.90B100xas long as short
Phemex ETHUSDT+0.0024%8h2,770.1+0.100%$266.5M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.7+0.123%$13.0M200xas long as short
Aftermath Perps ETHUSD+0.0034%1h2,775.8+0.305%$29K$22K20xas long as short
Aevo ETH-PERPlong+0.0040%1h2,767.3long leg$5.0M$636K20x
MEXC ETH_USDTshort+0.0043%8h2,771+0.132%$1.59B$2.62B500x
Aster ETHUSDT+0.0043%8h2,770.9+0.130%$255.9M$999.1M200xas long as short
Binance ETHUSDT+0.0043%8h2,771+0.131%$6.45B$17.27B150xas long as short
Gate ETH_USDT+0.0056%8h2,771.2+0.141%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0070%1h2,769.1+0.064%$55.1M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,770.2+0.104%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0080%1h2,769.7+0.087%$186K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.304%$140.7M$320.1Mas long as short
Lighter ETH+0.0096%1h2,771.3+0.145%$115.2M$508.1M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.177%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,770.4+0.112%$42.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.1+0.173%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4+0.111%$489K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.6+0.081%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.216%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.148%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.9+0.128%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.4+0.075%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.3+0.178%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.127%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771+0.133%$426.3M$745.2M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.9+0.128%$15.4M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.203%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.351%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,772.2+0.176%$21.4M$57.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.5+0.151%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.4+0.112%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.3+0.179%$42.9M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6+0.082%$972K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.9+0.057%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,771+0.134%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,770.9+0.130%$31.6M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.4+0.146%$60.2M$4.65B50xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.9+0.129%$8.6M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,772.8+0.197%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0151%1h2,771.3+0.144%$258.9M$223.4M50xas long as short
BloFin ETH-USDT+0.0163%8h2,769+0.061%$286.4M$197.5M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,769+0.062%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.9+0.129%$88.5M$331.2M100xas long as short
Hibachi ETH/USDT-P+0.0368%1h2,774.6+0.263%$273K$1.5M20xas long as short