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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0469%/8h= −51.4% APRpaid last 24h −0.066%
Price spread now: HTX against Aevo−0.081%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.081% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.69260.0072pay 0.0009% / 1h35m 46s$8K3x
ShortHTX ETHFI-USDT0.6920−0.0397pay 0.0199% / 4h1h 35m$82K$175K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$98.5
Price spread: −0.081% → 0.000%
−$8.1
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$134.6
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; HTX: live order book, 6 min ago. Net counts fees only.

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 no order-book sample
Sell HTX live order book, 6 min ago10.81 bp24.4 bp −$24doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0471%1h0.6929+0.049%$40K$11K10xas long as short
HTX ETHFI-USDTshort−0.0397%4h0.6920−0.081%$82K$175K20x
Orderly PERP_ETHFI_USDC−0.0283%4h0.6926+0.006%$16K$1K10xas long as short
Variational Omni ETHFI−0.0168%4h0.6929+0.053%$921K$778Kas long as short
Bybit ETHFIUSDT−0.0058%4h0.6931+0.078%$17.2M$13.1M25xas long as short
Binance ETHFIUSDT−0.0040%4h0.6929+0.056%$24.0M$36.1M75xas long as short
Extended ETHFI-USD−0.0040%1h0.6928+0.032%$94K$506K10xas long as short
MEXC ETHFI_USDT−0.0038%4h0.6934+0.121%$15.4M$4.2M125xas long as short
Paradex ETHFI-USD-PERP−0.0026%8h0.6930+0.058%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.540%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPlong+0.0072%1h0.6926long leg$8K3x
Lighter ETHFI+0.0096%1h0.6938+0.180%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6937+0.163%$16.7M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6934+0.119%$177K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6936+0.150%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6936+0.150%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6939+0.193%$1.2M$229K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6928+0.035%$6.0M$4.9M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6931+0.078%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6931+0.079%$47K$144K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6933+0.107%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0202%4h0.6934+0.121%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7066+2.027%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1695%1h0.6940+0.208%$288K$296K20xas long as short