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−0.0006%/8h= −0.6% APRnext payment $0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Aevo against ApeX Omni−0.203%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$760.762% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 3 days (all we have)−0.192%−$19 · spread now −0.203%, 7d avg −0.056%
Together, before fees−0.115%−$11 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: Aevo is 0.147% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,780.80.0054pay 0.0007% / 1h56m 37s$10.5M$30.9M100x
ShortAevo ETH-PERP2,775.20.0048get 0.0006% / 1h56m 37s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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
−$1.19
Price spread: −0.203% → −0.056%
−$14.72
Slippage, 4 orders
−$50.19
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$92.1
Costs to cover
0.762%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Aevo: 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 ApeX Omni live order book, 3 min ago0.02 bp5.0 bp −$57.1 bp −$7119.1 bp −$1,91251.7 bp −$25.9K
Sell Aevo live order book, 3 min ago21.17 bp37.0 bp −$3756.2 bp −$562doesn'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%43m2,775.6−0.190%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,773.8−0.253%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1−0.170%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,772.9−0.286%$172K$1.2M50xas long as short
Phoenix ETH−0.0032%1h2,776.7−0.149%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,773−0.281%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,775.9−0.179%$13.0M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.5−0.157%$22.4M200xas long as short
Phemex ETHUSDT+0.0013%8h2,776.8−0.147%$267.3M$66.0M150xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,773.7−0.258%$1.71B$11.92B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0025%1h2,776.1−0.170%$55.3M$228.5M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.3−0.164%$13.0M200xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,781.3+0.016%$29K$22K20xas long as short
Binance ETHUSDT+0.0044%8h2,774.6−0.224%$6.46B$17.34B150xas long as short
MEXC ETH_USDT+0.0045%8h2,774.5−0.227%$1.61B$2.61B500xas long as short
Aster ETHUSDT+0.0047%8h2,775.9−0.178%$256.6M$1.00B200xas long as short
Aevo ETH-PERPshort+0.0048%1h2,775.2−0.203%$5.0M$636K20x
Gate ETH_USDT+0.0053%8h2,773.5−0.264%$3.29B$9.51B200xas long as short
ApeX Omni ETHUSDTlong+0.0054%1h2,780.8long leg$10.5M$30.9M100x
Bitget ETHUSDT+0.0074%8h2,773.1−0.277%$2.09B$3.14B150xas long as short
Variational Omni ETH+0.0093%8h2,785.4+0.165%$141.2M$320.4Mas long as short
Bullet ETH-USD+0.0094%1h2,775.3−0.199%$189K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,776−0.174%$115.4M$506.0M50xas long as short
Lighter RH ETH+0.0096%1h2,777.2−0.129%$25.5M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.4−0.159%$46.4M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,775.5−0.190%$15.9M$11.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.6−0.260%$493K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.2−0.204%$16.3M$115.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.1−0.099%$3.21B$2.41B25xas long as short
Pacifica ETH+0.0100%1h2,775.6−0.189%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.7−0.256%$2.51B$4.67B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.7−0.257%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.2−0.204%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5−0.012%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,774.9−0.215%$427.0M$750.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,773.4−0.268%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.6−0.116%$15.4M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,782+0.041%$177.9M$785.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.7−0.004%$161.8M$98.4M50xas long as short
StandX ETH-USD+0.0100%1h2,779.6−0.045%$21.5M$57.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.8−0.146%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.3−0.127%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.1−0.170%$21K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,775.5−0.193%$973K$14.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,775.3−0.200%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,773.3−0.272%$31.7M$76.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.8−0.110%$60.4M$4.67B50xas long as short
Kalshi KXETHPERP+0.0110%8h2,776.4−0.160%$8.6M$673.1M4.9xas long as short
Derive ETH-PERP+0.0115%1h2,778.5−0.085%$43.0M$30.0M15xas long as short
Orderly PERP_ETH_USDC+0.0127%8h2,778.8−0.075%$32.6M$11.7M100xas long as short
Deribit ETH-PERPETUAL+0.0146%1h2,778.2−0.096%$258.9M$224.3M50xas long as short
BloFin ETH-USDT+0.0166%8h2,775.9−0.178%$287.4M$197.8M150xas long as short
Reya ETHRUSDPERP+0.0195%1h2,774.7−0.221%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.8−0.110%$88.7M$333.5M100xas long as short
Hibachi ETH/USDT-P+0.0344%1h2,778.2−0.093%$274K$1.5M20xas long as short