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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.021%
Price spread now: Paradex against Aevo−0.140%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.140% cheaper against Aevo than usual: you would sell low and buy high (−$14 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-PERP0.72340.0088pay 0.0011% / 1h52m 50s$9K3x
ShortParadex ETHFI-USD-PERP0.72240.0045get 0.0045% / 8h52m 50s$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$9.08
Price spread: −0.140% → 0.000%
−$13.97
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$43.05
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Paradex: 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 Paradex no order-book sample
Aevo and Paradex: 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−0.0334%4h0.7219−0.211%$84K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0302%1h0.7237+0.038%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0193%4h0.7233−0.017%$17K$1K10xas long as short
MEXC ETHFI_USDT+0.0030%4h0.7230−0.058%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0031%4h0.7230−0.059%$25.1M$37.3M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7233−0.017%$94K$493K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.080%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERPshort+0.0045%8h0.7224−0.140%$6K5x
Aster ETHFIUSDT+0.0064%4h0.7235+0.016%$185K$260K10xas long as short
Aevo ETHFI-PERPlong+0.0088%1h0.7234long leg$9K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7243+0.125%$1.1M$896K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7245+0.146%$18.3M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7233−0.017%$18.4M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7234−0.003%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7237+0.038%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7235+0.011%$1.2M$273K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7231−0.045%$6.2M$5.8M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7234−0.003%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7219−0.217%$1.0M$747Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7236+0.019%$60K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7234−0.003%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0124%4h0.7237+0.038%$1.3M$295K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.038%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0547%1h0.7242+0.109%$279K$158K20xas long as short