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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.006%
Price spread now: Polymarket Perps against Aevo−0.013%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$410.406% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 3 days (all we have)+0.105%+$11 · spread now −0.013%, 7d avg +0.074%
Together, before fees+0.200%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.088% cheaper against Aevo than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.074%). If the spread goes back, that is −$9 on $10k: about 8.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,768.20.0064pay 0.0008% / 1h20m 08s$5.0M$165K20x
ShortPolymarket Perps ETH-USD2,767.80.0100get 0.0013% / 1h20m 08s$10.5M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$7.56
Price spread: −0.013% → +0.074%
−$8.75
Slippage, 4 orders
−$16.59
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$41.78
Costs to cover
0.406%
Break-even
45.7 days
Slippage from Aevo: live order book, 4 min ago; Polymarket Perps: live order book, 4 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, 4 min ago4.93 bp12.9 bp −$1330.6 bp −$30651.2 bp −$5,125doesn't fit
Sell Polymarket Perps live order book, 4 min ago0.18 bp4.2 bp −$45.4 bp −$5410.4 bp −$1,041doesn't fit

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.315%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.9−0.011%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,767.9−0.010%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.8−0.013%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,767.9−0.010%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.138%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.037%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.026%$22.4M200xas long as short
Bullet ETH-USD+0.0019%1h2,768.1−0.004%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767.1−0.038%$1.71B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0032%1h2,768.2+0.001%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.7+0.018%$12.7M200xas long as short
Aster ETHUSDT+0.0049%8h2,767.9−0.011%$256.0M$885.1M200xas long as short
Gate ETH_USDT+0.0054%8h2,767.6−0.021%$3.37B$9.04B200xas long as short
Binance ETHUSDT+0.0060%8h2,767.9−0.011%$6.48B$16.28B150xas long as short
MEXC ETH_USDT+0.0061%8h2,768−0.007%$1.63B$2.64B500xas long as short
Aevo ETH-PERPlong+0.0064%1h2,768.2long leg$5.0M$165K20x
Aftermath Perps ETHUSD+0.0072%1h2,771.8+0.131%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,767.5−0.025%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.4+0.043%$60.3M$4.42B50xas long as short
Phemex ETHUSDT+0.0081%8h2,768.3+0.004%$269.4M$67.4M150xas long as short
Vest ETH-PERP+0.0082%1h2,768.3+0.003%$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,768.9+0.026%$420.1M$619.7M100xas long as short
Lighter ETH+0.0096%1h2,768.2+0.002%$114.9M$458.5M50xas long as short
Lighter RH ETH+0.0096%1h2,770+0.066%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,769.7+0.054%$259.1M$204.6M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.063%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.9−0.010%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.042%$14.6M$113.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,770+0.066%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.8−0.015%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.7−0.019%$2.51B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.050%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.5+0.011%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.169%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,767.7−0.017%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.6−0.023%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.014%$137.0M$344.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.133%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.274%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.125%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.023%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,767.8−0.013%$10.5M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,769.3+0.042%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.4+0.080%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.3−0.032%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768−0.005%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,767.8−0.012%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.029%$36.2M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.8+0.023%$8.0M$679.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.6+0.052%$96.0M$318.8M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.102%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.6+0.125%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.019%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,767.5−0.024%$7.3M$1.1M25xas long as short