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−0.0088%/8h= −9.6% APRnext payment $0.11 per $10,000 · paid last 24h −0.005%
Price spread now: 01 Exchange against Aevo+0.212%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$440.439% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.033%−$3 on $10k
Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.212%, 7d avg +0.085%
Together, before fees−0.123%−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. 01 Exchange is 0.127% dearer against Aevo than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of +0.085%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 3 days (−0.033% in total) that is about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,774.90.0056pay 0.0007% / 1h39m 57s$5.0M$636K20x
Short01 Exchange ETHUSD2,780.8−0.0032pay 0.0004% / 1h39m 57s$170K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$18.48
Price spread: +0.212% → +0.085%
$12.71
Slippage, 4 orders
−$20.93
Fee Aevo: 8 bp × 2 orders
−$16
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$49.7
Costs to cover
0.439%
Break-even
never at this rate
Slippage from Aevo: live order book, 4 min ago; 01 Exchange: 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 ago3.69 bp11.9 bp −$1230.7 bp −$30750.6 bp −$5,061doesn't fit
Sell 01 Exchange live order book, 4 min ago0.18 bp7.3 bp −$718.5 bp −$185doesn'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%43m2,780.3+0.194%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.201%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.208%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7+0.028%$119K$22.5M52xas long as short
01 Exchange ETHUSDshort−0.0032%1h2,780.8+0.212%$170K$1.2M50x
Aftermath Perps ETHUSD−0.0027%1h2,778+0.111%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4+0.196%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.026%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0004%8h2,780.4+0.196%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.249%$22.5M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,780.7+0.206%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,779.2+0.153%$1.71B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.243%$13.2M200xas long as short
Aster ETHUSDT+0.0038%8h2,781.7+0.243%$257.1M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,781+0.219%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.207%$14.3M$117.8M50xas long as short
Aevo ETH-PERPlong+0.0056%1h2,774.9long leg$5.0M$636K20x
MEXC ETH_USDT+0.0058%8h2,779.5+0.164%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.1+0.185%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,779.2+0.152%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.7+0.209%$3.30B$9.57B200xas long as short
Lighter ETH+0.0096%1h2,781.6+0.242%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,782.6+0.276%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6+0.204%$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,778.8+0.138%$2.52B$4.59B150xas long as short
HTX ETH-USDT+0.0096%8h2,781.1+0.222%$1.08B$1.31B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.226%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.212%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783+0.291%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.208%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780+0.183%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.260%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.230%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.2+0.224%$426.8M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.5+0.235%$15.3M$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%4h2,776.9+0.070%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.058%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6+0.059%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.194%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.225%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.262%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3+0.231%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.294%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6+0.167%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8+0.212%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,778.7+0.135%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.258%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.256%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0114%8h2,781.5+0.237%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.267%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.310%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.249%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.170%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.208%$7.4M$1.1M25xas long as short