Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.001%

Price spread now: Binance against Aevo+0.110%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.110% dearer against Aevo than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETHFI-PERP	0.7185	0.0088	pay 0.0011% / 1h	33m 40s	$9K	—	3x
Short	Binance ETHFIUSDT	0.7193	0.0037	get 0.0019% / 4h	33m 40s	$25.0M	$37.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$10.67
Price spread: +0.110% → 0.000%: $10.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.68
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.69 bp	14.3 bp −$14	35.0 bp −$350	134.3 bp −$13.4K	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETHFI-USDT	−0.0335%	4h	0.7188	+0.040%	$83K	$164K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0306%	1h	0.7190	+0.068%	$42K	$18K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0190%	4h	0.7189	+0.054%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0027%	8h	0.7193	+0.111%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.764%	$321	$51K	5.5x	as long as short
Binance ETHFIUSDTshort	+0.0037%	4h	0.7193	+0.110%	$25.0M	$37.2M	75x
MEXC ETHFI_USDT	+0.0038%	4h	0.7195	+0.138%	$15.3M	$3.8M	125x	as long as short
Extended ETHFI-USD	+0.0040%	1h	0.7193	+0.105%	$93K	$493K	10x	as long as short
Aster ETHFIUSDT	+0.0053%	4h	0.7199	+0.193%	$184K	$262K	10x	as long as short
Aevo ETHFI-PERPlong	+0.0088%	1h	0.7185	long leg	$9K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7205	+0.276%	$1.1M	$897K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7205	+0.270%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7193	+0.110%	$18.2M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7198	+0.180%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7194	+0.124%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7190	+0.068%	$1.2M	$272K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7193	+0.110%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7195	+0.138%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7192	+0.091%	$1.1M	$738K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7195	+0.141%	$60K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7193	+0.110%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0153%	4h	0.7185	−0.001%	$1.3M	$290K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0216%	1h	0.7237	+0.722%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0550%	1h	0.7199	+0.195%	$277K	$161K	20x	as long as short