Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.008%

Price spread now: Aevo against BingX+0.279%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.279% dearer against BingX than usual: you sell high and buy low (spread +0.279% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETHFI-USDT	0.7198	0.0100	pay 0.0050% / 4h	59m 07s	—	$26.1M	—
Short	Aevo ETHFI-PERP	0.7218	0.0088	get 0.0011% / 1h	59m 07s	$9K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee AevobpOrdersPrice spread, now +0.279%Rate

Funding earned: −$2.52
Price spread: +0.279% → 0.000%: $27.9
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$0.62
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: BingX: live order book, 5 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 5 min ago	1.39 bp	8.7 bp −$9	11.5 bp −$115	22.0 bp −$2,199	55.2 bp −$27.6K
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0444%	1h	0.7200	+0.028%	$42K	$18K	10x	as long as short
HTX ETHFI-USDT	−0.0303%	4h	0.7193	−0.069%	$83K	$164K	20x	as long as short
Polymarket Perps ETHFI-USD	−0.0195%	1h	0.7193	−0.064%	$60K	$93K	5x	as long as short
Orderly PERP_ETHFI_USDC	−0.0193%	4h	0.7196	−0.028%	$16K	$1K	10x	as long as short
Extended ETHFI-USD	+0.0024%	1h	0.7194	−0.049%	$93K	$493K	10x	as long as short
MEXC ETHFI_USDT	+0.0024%	4h	0.7193	−0.069%	$15.2M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0026%	4h	0.7195	−0.048%	$24.9M	$37.2M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.583%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0037%	8h	0.7190	−0.107%	$6K	—	5x	as long as short
Aster ETHFIUSDT	+0.0083%	4h	0.7194	−0.060%	$184K	$259K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERPshort	+0.0088%	1h	0.7218	+0.279%	$9K	—	3x
Lighter ETHFI	+0.0096%	1h	0.7204	+0.083%	$1.1M	$892K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7207	+0.131%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7200	+0.028%	$18.3M	$13.0M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7199	+0.014%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7199	+0.014%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7198	0.000%	$1.2M	$273K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7195	−0.042%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDTlong	+0.0100%	4h	0.7198	long leg	—	$26.1M	—
Variational Omni ETHFI	+0.0100%	4h	0.7199	+0.014%	$1.0M	$755K	—	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7191	−0.097%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0105%	4h	0.7192	−0.083%	$1.2M	$293K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0216%	1h	0.7198	0.000%	$31K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0549%	1h	0.7210	+0.160%	$284K	$149K	20x	as long as short