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+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.006%
Price spread now: Aevo against 01 Exchange+0.017%45s7-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 − costsprices read too far apart to compare
costs, in and out, $10k−$480.475% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.035%+$3 on $10k
Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.017%, 7d avg −0.085%
Together, before fees−0.093%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.102% dearer against 01 Exchange than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.085%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,767.9−0.0040get 0.0005% / 1h20m 28s$169K$1.1M50x
ShortAevo ETH-PERP2,768.40.0064get 0.0008% / 1h20m 28s$5.0M$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against 01 Exchange. 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
$21.84
Price spread: +0.017% → −0.085%
$10.2
Slippage, 4 orders
−$24.51
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$15.46
Costs to cover
0.475%
Break-even
12.0 days
Slippage from 01 Exchange: 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 01 Exchange live order book, 4 min ago0.18 bp10.3 bp −$1012.4 bp −$124doesn't fitdoesn't fit
Sell Aevo live order book, 4 min ago4.93 bp19.1 bp −$1931.0 bp −$31050.3 bp −$5,032doesn'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+0.325%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.9−0.001%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,767.90.000%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.8−0.004%$5K$1K50xas long as short
01 Exchange ETHUSDlong−0.0040%1h2,767.9long leg$169K$1.1M50x
Phoenix ETH−0.0003%1h2,772+0.148%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.047%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769+0.040%$22.4M200xas long as short
Bullet ETH-USD+0.0019%1h2,768.1+0.005%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767−0.033%$1.71B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0034%1h2,768.7+0.029%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.8+0.034%$12.7M200xas long as short
Aster ETHUSDT+0.0049%8h2,767.9+0.001%$256.0M$885.0M200xas long as short
Gate ETH_USDT+0.0054%8h2,768+0.002%$3.37B$9.04B200xas long as short
Binance ETHUSDT+0.0060%8h2,767.5−0.013%$6.47B$16.28B150xas long as short
MEXC ETH_USDT+0.0061%8h2,768.1+0.008%$1.62B$2.64B500xas long as short
Phemex ETHUSDT+0.0062%8h2,768.1+0.007%$269.4M$67.4M150xas long as short
Aevo ETH-PERPshort+0.0064%1h2,768.4+0.017%$5.0M$165K20x
Aftermath Perps ETHUSD+0.0072%1h2,771.8+0.141%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,767.8−0.005%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770+0.077%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0082%1h2,768.3+0.013%$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,768+0.005%$420.0M$619.9M100xas long as short
Lighter ETH+0.0096%1h2,767.8−0.003%$114.9M$458.5M50xas long as short
Lighter RH ETH+0.0096%1h2,769.5+0.057%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,770.3+0.086%$259.1M$204.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.073%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.90.000%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.032%$14.6M$113.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.2+0.083%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.8−0.005%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768+0.003%$2.51B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.040%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.5+0.021%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.179%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,767.7−0.009%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1+0.008%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.023%$137.0M$344.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.143%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.284%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.135%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.033%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8−0.004%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.9+0.035%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.7+0.103%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.5+0.020%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.3+0.013%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,767.2−0.026%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.8+0.067%$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,769.8+0.069%$8.1M$679.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.3+0.087%$95.9M$319.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.112%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.3+0.121%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.029%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,767.5−0.015%$7.3M$1.1M25xas long as short