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−0.0012%/8h= −1.3% APRpaid last 24h +0.004%
Price spread now: Aevo against Bybit−0.084%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 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 against this trade now: funding costs $0 a day on $10k at the current rate, and Aevo is 0.084% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHFIUSDT0.71460.0100pay 0.0050% / 4h8m 41s$18.1M$13.1M25x
ShortAevo ETHFI-PERP0.71400.0088get 0.0011% / 1h8m 41s$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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
−$2.52
Price spread: −0.084% → 0.000%
−$8.4
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$37.92
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.70 bp12.3 bp −$1240.7 bp −$407doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0449%1h0.7144−0.028%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0323%4h0.7138−0.112%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0189%4h0.7142−0.056%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP−0.0043%8h0.7145−0.012%$6K5xas long as short
Extended ETHFI-USD+0.0016%1h0.7144−0.033%$92K$492K10xas long as short
MEXC ETHFI_USDT+0.0018%4h0.7145−0.014%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0019%4h0.7145−0.014%$24.9M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.315%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0045%4h0.7115−0.427%$1.0M$745Kas long as short
BloFin ETHFI-USDT+0.0077%4h0.7124−0.308%$1.3M$281K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPshort+0.0088%1h0.7140−0.084%$9K3x
Lighter ETHFI+0.0096%1h0.7156+0.141%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7152+0.081%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7153+0.101%$183K$259K10xas long as short
Bybit ETHFIUSDTlong+0.0100%4h0.7146long leg$18.1M$13.1M25x
OKX ETHFI-USDT-SWAP+0.0100%4h0.7153+0.098%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7148+0.028%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7145−0.014%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7145−0.014%$6.1M$5.8M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7148+0.028%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7138−0.116%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.71460.000%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.273%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0554%1h0.7147+0.015%$275K$162K20xas long as short