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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.025%
Price spread now: Aevo against Injective−0.127%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$930.929% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.209%−$21 on $10k
Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.127%, 7d avg −0.126%
Together, before fees−0.008%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.126%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.209%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,744.7−0.0044get 0.0005% / 1h44m 41s$118K$22.5M52x
ShortAevo ETH-PERP2,741.20.0080get 0.0010% / 1h44m 41s$4.9M$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$26.02
Price spread: −0.127% → −0.126%
−$0.08
Slippage, 4 orders
−$76.9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$66.98
Costs to cover
0.929%
Break-even
25.0 days
Slippage from Injective: live order book, 4 min ago; Aevo: 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 Injective live order book, 4 min ago15.66 bp15.7 bp −$1615.7 bp −$15715.7 bp −$1,56720909.8 bp −$10.45M
Sell Aevo live order book, 4 min ago7.74 bp17.3 bp −$1723.7 bp −$23752.1 bp −$5,212doesn'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−0.0112%43m2,742.9−0.064%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7−0.073%$5K$1K50xas long as short
Injective ETH/USDC PERPlong−0.0044%1h2,744.7long leg$118K$22.5M52x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7−0.037%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,742.9−0.066%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8−0.035%$22.2M200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.149%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,742.8−0.069%$182K$917K50xas long as short
BingX ETH-USDT+0.0047%8h2,742.4−0.085%$1.15Bas long as short
OKX ETH-USDT-SWAP+0.0061%8h2,742−0.098%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,742.6−0.076%$376.4M$598.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.4−0.085%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,742.9−0.065%$252.3M$841.3M200xas long as short
Aevo ETH-PERPshort+0.0080%1h2,741.2−0.127%$4.9M$159K20x
MEXC ETH_USDT+0.0088%8h2,742−0.098%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0088%8h2,742.3−0.087%$6.38B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,743.3−0.050%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3−0.014%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3−0.124%$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.006%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.5−0.043%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4−0.048%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.066%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.4−0.084%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6−0.039%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.8+0.004%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5−0.045%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.2−0.093%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8−0.069%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.9−0.064%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5−0.043%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.6−0.075%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.4−0.085%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2−0.055%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.157%$132.4M$336.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.201%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.179%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.138%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.138%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6−0.004%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744−0.027%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.036%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.151%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9−0.029%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.014%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4−0.046%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7−0.036%$819K50xas long as short
Extended ETH-USD+0.0104%1h2,741.5−0.115%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4−0.047%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.7−0.036%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.062%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9−0.065%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6−0.005%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.5−0.045%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.140%$249K$1.4M20xas long as short