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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against Aevo+0.146%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.146% dearer against Aevo than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.72050.0104pay 0.0013% / 1h11m 47s$9K3x
ShortHyperliquid ETHFI0.72160.0100get 0.0013% / 1h11m 47s$18.1M$8.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
−$0.84
Price spread: +0.146% → 0.000%
$14.57
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.27
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago0.62 bpdoesn't fitdoesn'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 23 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−0.0304%1h0.7212+0.097%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0204%4h0.7208+0.042%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0167%4h0.7184−0.291%$88K$168K20xas long as short
Variational Omni ETHFI+0.0029%4h0.7214+0.120%$1.1M$717Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.486%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0059%8h0.7203−0.022%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7208+0.049%$1.1M$887K5xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.7216+0.146%$18.1M$8.4M5x
Aster ETHFIUSDT+0.0100%4h0.7207+0.031%$184K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7199−0.087%$25.0M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7200−0.069%$18.1M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7201−0.056%$5.1M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7208+0.042%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7204−0.014%$15.6M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7204−0.014%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7203−0.028%$6.2M$5.4M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.72050.000%$26.0Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7227+0.303%$72K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7207+0.028%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7203−0.024%$98K$376K10xas long as short
Aevo ETHFI-PERPlong+0.0104%1h0.7205long leg$9K3x
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+0.666%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0225%1h0.7216+0.150%$274K$182K20xas long as short