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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h 0.000%
Price spread now: Aevo against KuCoin−0.029%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 −$1 a day on $10k at the current rate, and Aevo is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHFIUSDTM0.70120.0100pay 0.0050% / 4h2h 17m$1.2M$230K50x
ShortAevo ETHFI-PERP0.70100.0072get 0.0009% / 1h17m 53s$8K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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
−$5.88
Price spread: −0.029% → 0.000%
−$2.85
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$36.73
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago3.58 bp52.6 bp −$53208.3 bp −$2,083doesn'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
Kraken Futures PF_ETHFIUSD−0.0407%1h0.7032+0.281%$289K$286K20xas long as short
HTX ETHFI-USDT−0.0321%4h0.6994−0.257%$81K$171K20xas long as short
Orderly PERP_ETHFI_USDC−0.0262%4h0.7014+0.029%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0233%4h0.7010−0.029%$17.5M$12.9M25xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0177%1h0.7017+0.071%$40K$10K10xas long as short
Variational Omni ETHFI−0.0165%4h0.6939−1.037%$902K$767Kas long as short
Extended ETHFI-USD−0.0024%1h0.7008−0.056%$95K$502K10xas long as short
MEXC ETHFI_USDT−0.0024%4h0.7007−0.071%$15.8M$4.1M125xas long as short
Binance ETHFIUSDT−0.0023%4h0.7008−0.057%$24.4M$35.7M75xas long as short
Paradex ETHFI-USD-PERP0.0000%8h0.7003−0.123%$6K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.252%$321$51K5.5xas long as short
Aster ETHFIUSDT+0.0049%4h0.7015+0.039%$179K$260K10xas long as short
Aevo ETHFI-PERPshort+0.0072%1h0.7010−0.029%$8K3x
Lighter ETHFI+0.0096%1h0.7020+0.110%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7016+0.053%$17.0M$8.5M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7014+0.029%$5.2M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7016+0.057%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMlong+0.0100%4h0.7012long leg$1.2M$230K50x
Bitget ETHFIUSDT+0.0100%4h0.7014+0.029%$6.1M$5.0M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7010−0.029%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7015+0.048%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7022+0.143%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0215%4h0.6993−0.271%$1.2M$241K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7015+0.043%$32K$6K50xas long as short