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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.001%
Price spread now: SunX against Aevo+0.200%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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.200% dearer against Aevo than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.69680.0080pay 0.0010% / 1h39m 25s$8K3x
ShortSunX ETHFI-USDT0.69820.0100get 0.0050% / 4h3h 39m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$4.2
Price spread: +0.200% → 0.000%
$20.03
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 4 bp × 2 orders
−$8
Net
$0.23
Costs to cover
0.240%
Break-even
6.6 days
Slippage unknown: Aevo: no order-book sample; SunX: 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 SunX live order book, 3 min ago500.79 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 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−0.0467%1h0.6972+0.057%$41K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0279%4h0.6969+0.014%$16K$1K10xas long as short
Variational Omni ETHFI−0.0273%4h0.6973+0.076%$929K$795Kas long as short
HTX ETHFI-USDT−0.0231%4h0.6963−0.072%$83K$149K20xas long as short
Bybit ETHFIUSDT−0.0218%4h0.6981+0.186%$17.1M$13.0M25xas long as short
Paradex ETHFI-USD-PERP−0.0109%8h0.6980+0.173%$6K5xas long as short
Binance ETHFIUSDT+0.0012%4h0.6980+0.167%$24.4M$36.1M75xas long as short
MEXC ETHFI_USDT+0.0012%4h0.6977+0.129%$15.8M$4.1M125xas long as short
Extended ETHFI-USD+0.0016%1h0.6980+0.169%$95K$505K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.903%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ETHFI-USDT+0.0055%4h0.6982+0.200%$1.2M$233K75xas long as short
Aster ETHFIUSDT+0.0079%4h0.6989+0.301%$179K$230K10xas long as short
Aevo ETHFI-PERPlong+0.0080%1h0.6968long leg$8K3x
Lighter ETHFI+0.0096%1h0.6994+0.371%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6986+0.252%$16.7M$8.6M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6983+0.215%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6989+0.301%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6979+0.157%$1.2M$215K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6982+0.200%$6.1M$4.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6981+0.186%$10.7Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6990+0.322%$53K$149K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.6982+0.200%$2K$1.1M20x
Coinbase International ETHFI-PERP-INTX+0.0336%1h0.7020+0.746%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0865%1h0.6988+0.283%$294K$287K20xas long as short