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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.014%
Price spread now: Aevo against Lighter−0.138%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 airdropLighter: Season 3 · 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 0.138% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.71650.0096pay 0.0012% / 1h12m 22s$1.1M$898K5x
ShortAevo ETHFI-PERP0.71550.0088get 0.0011% / 1h12m 22s$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
−$1.68
Price spread: −0.138% → 0.000%
−$13.82
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.5
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 3 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 Lighter live order book, 3 min ago7.54 bp32.4 bp −$32116.6 bp −$1,166doesn'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−0.0448%1h0.7160−0.068%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0253%1h0.7169+0.059%$282K$147K20xas long as short
HTX ETHFI-USDT−0.0243%4h0.7137−0.389%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0186%4h0.7163−0.027%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0023%8h0.7161−0.057%$6K5xas long as short
Extended ETHFI-USD+0.0024%1h0.7160−0.074%$93K$493K10xas long as short
Binance ETHFIUSDT+0.0026%4h0.7162−0.035%$24.8M$37.2M75xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7163−0.027%$15.1M$3.8M125xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.048%$321$51K5.5xas long as short
Aevo ETHFI-PERPshort+0.0088%1h0.7155−0.138%$9K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ETHFIUSDT+0.0090%4h0.7162−0.040%$6.1M$5.7M75xas long as short
Lighter ETHFIlong+0.0096%1h0.7165long leg$1.1M$898K5x
Hyperliquid ETHFI+0.0100%1h0.7175+0.147%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7162−0.047%$183K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7164−0.013%$18.2M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7167+0.029%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7165+0.001%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7162−0.040%$1.2M$272K50xas long as short
BingX ETHFI-USDC+0.0100%4h0.7165+0.001%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7158−0.095%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7163−0.022%$59K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7157−0.110%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0107%4h0.7152−0.180%$1.2M$291K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7177+0.169%$31K$6K50xas long as short