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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.032%
Price spread now: Injective against Aevo+0.208%59s7-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 feesneeds both histories
The price spread pays, funding is against you. Injective is 0.208% dearer against Aevo than usual: you sell high and buy low (spread +0.208% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.8 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.72250.0104pay 0.0013% / 1h53m 56s$9K3x
ShortInjective ETHFI/USDC PERP0.72400.0033get 0.0004% / 1h53m 56s$321$51K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14.84
Price spread: +0.208% → 0.000%
$20.76
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$10.1
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample
Aevo and Injective: 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−0.0580%1h0.7227+0.028%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0211%1h0.7228+0.044%$281K$132K20xas long as short
Orderly PERP_ETHFI_USDC−0.0147%4h0.7224−0.014%$17K$1K10xas long as short
HTX ETHFI-USDT+0.0008%4h0.7209−0.221%$84K$151K20xas long as short
Bitget ETHFIUSDT+0.0012%4h0.7227+0.028%$6.2M$5.5M75xas long as short
Injective ETHFI/USDC PERPshort+0.0033%1h0.7240+0.208%$321$51K5.5x
Paradex ETHFI-USD-PERP+0.0033%8h0.7217−0.105%$6K5xas long as short
Variational Omni ETHFI+0.0042%4h0.7242+0.235%$1.1M$711Kas long as short
Lighter ETHFI+0.0096%1h0.7225+0.006%$1.1M$881K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7245+0.274%$19.8M$7.3M5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0100%4h0.7226+0.017%$184K$237K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7228+0.048%$25.5M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7234+0.125%$18.6M$12.4M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7231+0.083%$4.9M$12.1M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7230+0.069%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7229+0.055%$15.4M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7227+0.028%$1.2M$270K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7231+0.083%$25.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7236+0.147%$57K$81K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7227+0.028%$2K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7228+0.042%$101K$488K10xas long as short
Aevo ETHFI-PERPlong+0.0104%1h0.7225long leg$9K3x
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7268+0.595%$32K$9K50xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7246+0.291%$1.3M$292K75xas long as short