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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0149%/8h= −16.3% APRnext payment $0.19 per $10,000 · paid last 24h +0.008%
Price spread now: RISEx against Aevo+0.081%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.375% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.042%+$4 on $10k
Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.081%, 7d avg +0.080%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,774.90.0064pay 0.0008% / 1h38m 41s$5.0M$636K20x
ShortRISEx ETH/USDC2,777.2−0.0085pay 0.0011% / 1h38m 41s$5.8M$12.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$31.31
Price spread: +0.081% → +0.080%
$0.1
Slippage, 4 orders
−$15.45
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$68.66
Costs to cover
0.375%
Break-even
never at this rate
Slippage from Aevo: live order book, just now; RISEx: live order book, 5 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, just now2.81 bp11.3 bp −$1130.5 bp −$30549.8 bp −$4,983doesn't fit
Sell RISEx live order book, 5 min ago0.02 bp3.6 bp −$44.1 bp −$41doesn't fitdoesn'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
Perpl ETH−0.0447%43m2,777.5+0.093%$289K$6.9M8.3xas long as short
RISEx ETH/USDCshort−0.0085%1h2,777.2+0.081%$5.8M$12.1M25x
Hotstuff ETH-PERP−0.0080%1h2,778+0.111%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.2+0.154%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,778+0.111%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0025%1h2,778.4+0.124%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.4+0.125%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,781.4+0.233%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.2+0.120%$22.4M200xas long as short
Phemex ETHUSDT+0.0008%8h2,777.9+0.108%$270.2M$68.5M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,777.4+0.090%$17.4Mas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,778.3+0.120%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,778+0.112%$13.2M200xas long as short
Aster ETHUSDT+0.0039%8h2,779.1+0.151%$256.8M$989.7M200xas long as short
Bullet ETH-USD+0.0040%1h2,777.4+0.088%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0052%1h2,777.5+0.092%$14.3M$117.8M50xas long as short
MEXC ETH_USDT+0.0061%8h2,777.7+0.099%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0063%8h2,777.6+0.098%$6.45B$17.11B150xas long as short
Aevo ETH-PERPlong+0.0064%1h2,774.9long leg$5.0M$636K20x
Bitget ETHUSDT+0.0073%8h2,776.6+0.061%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0076%8h2,778.2+0.119%$3.29B$9.58B200xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,779.2+0.154%$258.4M$221.7M50xas long as short
Bybit ETHUSDT+0.0095%8h2,778.1+0.113%$2.52B$4.59B150xas long as short
Lighter ETH+0.0096%1h2,778.3+0.121%$115.1M$497.8M50xas long as short
Lighter RH ETH+0.0096%1h2,779.4+0.160%$25.4M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.9+0.181%$41.5M500xas long as short
HTX ETH-USDT+0.0096%8h2,777.6+0.095%$1.08B$1.32B200xas long as short
SoDEX ETH-USD+0.0099%1h2,777.7+0.100%$55.3M$228.8M40xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.6+0.098%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.115%$482K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.6+0.169%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,778.3+0.122%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2+0.082%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.4+0.162%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.231%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,778.4+0.125%$426.4M$737.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.8+0.138%$15.2M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.244%$135.5M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,780.9+0.216%$180.2M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.5+0.163%$161.7M$92.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,781+0.218%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.7+0.208%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,778.8+0.140%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.2+0.154%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.3+0.123%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.8+0.174%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.8+0.068%$973K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,778+0.109%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.1+0.151%$60.3M$4.60B50xas long as short
Kalshi KXETHPERP+0.0114%8h2,779.7+0.172%$8.6M$673.1M4.9xas long as short
Hibachi ETH/USDT-P+0.0120%1h2,782.2+0.262%$279K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,780.1+0.185%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.151%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0182%8h2,778.4+0.126%$285.3M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,777.6+0.095%$7.4M$1.1M25xas long as short