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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%
Price spread now: OKX against Aevo+0.120%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.120% dearer against Aevo than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.72100.0096pay 0.0012% / 1h15m 18s$9K3x
ShortOKX ETHFI-USDT-SWAP0.72190.0100get 0.0050% / 4h3h 15m$5.0M$12.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.120% → 0.000%
$11.97
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee OKX: 5 bp × 2 orders
−$10
Net
−$13.19
Costs to cover
0.260%
Break-even
116.9 days
Slippage unknown: Aevo: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago2.08 bp16.1 bp −$1644.3 bp −$443doesn'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
HTX ETHFI-USDT−0.0758%4h0.7188−0.310%$83K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0443%1h0.7213+0.036%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0207%4h0.7209−0.019%$16K$1K10xas long as short
Variational Omni ETHFI−0.0016%4h0.7191−0.263%$1.0M$717Kas long as short
Paradex ETHFI-USD-PERP+0.0004%8h0.7205−0.075%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.411%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0068%4h0.7207−0.047%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0072%4h0.7210−0.005%$25.2M$36.5M75xas long as short
Extended ETHFI-USD+0.0072%1h0.7208−0.026%$100K$392K10xas long as short
Lighter ETHFI+0.0096%1h0.7213+0.038%$1.1M$894K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPlong+0.0096%1h0.7210long leg$9K3x
Hyperliquid ETHFI+0.0100%1h0.7221+0.149%$18.1M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7208−0.031%$184K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7214+0.050%$18.2M$12.6M25xas long as short
OKX ETHFI-USDT-SWAPshort+0.0100%4h0.7219+0.120%$5.0M$12.4M20x
Gate ETHFI_USDT+0.0100%4h0.7214+0.050%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7210−0.005%$1.2M$264K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7210−0.005%$6.1M$5.5M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7213+0.036%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7213+0.034%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7210−0.005%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.369%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0219%1h0.7214+0.057%$274K$167K20xas long as short
BloFin ETHFI-USDT+0.0274%4h0.7191−0.269%$1.3M$272K75xas long as short