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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Aevo against Hyperliquid−0.146%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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.146% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.72160.0100pay 0.0013% / 1h11m 49s$18.1M$8.4M5x
ShortAevo ETHFI-PERP0.72050.0104get 0.0013% / 1h11m 49s$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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: −0.146% → 0.000%
−$14.55
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$38.71
Costs to cover
0.250%
Break-even
329.6 days
Slippage unknown: Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago0.62 bp9.9 bp −$10doesn't fitdoesn'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 23 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−0.0304%1h0.7212−0.049%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0204%4h0.7208−0.104%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0167%4h0.7184−0.437%$88K$168K20xas long as short
Variational Omni ETHFI+0.0029%4h0.7214−0.025%$1.1M$717Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.340%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0059%8h0.7203−0.168%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7208−0.097%$1.1M$887K5xas long as short
Hyperliquid ETHFIlong+0.0100%1h0.7216long leg$18.1M$8.4M5x
Aster ETHFIUSDT+0.0100%4h0.7207−0.114%$184K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7199−0.233%$25.0M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7200−0.215%$18.1M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7201−0.201%$5.1M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7208−0.104%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7204−0.159%$15.6M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7204−0.159%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7203−0.173%$6.2M$5.4M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7205−0.146%$26.0Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7227+0.157%$72K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7207−0.118%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7203−0.170%$98K$376K10xas long as short
Aevo ETHFI-PERPshort+0.0104%1h0.7205−0.146%$9K3x
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+0.520%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0225%1h0.7216+0.005%$274K$182K20xas long as short