Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.001%

Price spread now: Aevo against MEXC−0.107%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Funding pays, the price is against you. Aevo is 0.107% cheaper against MEXC than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 5.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ETHFI_USDT	0.7149	0.0018	pay 0.0009% / 4h	2m 29s	$15.2M	$3.8M	125x
Short	Aevo ETHFI-PERP	0.7141	0.0088	get 0.0011% / 1h	2m 29s	$9K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.107%Rate

Funding earned: $14.7
Price spread: −0.107% → 0.000%: −$10.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.96
Costs to cover: 0.200%
Break-even: 14.6 days

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.70 bp	5.8 bp −$6	17.8 bp −$178	73.1 bp −$7,312	184.6 bp −$92.3K
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	−0.0448%	1h	0.7156	+0.098%	$41K	$13K	10x	as long as short
HTX ETHFI-USDT	−0.0357%	4h	0.7144	−0.070%	$83K	$165K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0192%	4h	0.7145	−0.056%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	−0.0048%	8h	0.7150	+0.013%	$6K	—	5x	as long as short
Extended ETHFI-USD	+0.0016%	1h	0.7148	−0.021%	$92K	$492K	10x	as long as short
MEXC ETHFI_USDTlong	+0.0018%	4h	0.7149	long leg	$15.2M	$3.8M	125x
Binance ETHFIUSDT	+0.0022%	4h	0.7143	−0.084%	$24.9M	$37.4M	75x	as long as short
Variational Omni ETHFI	+0.0028%	4h	0.7132	−0.244%	$1.0M	$745K	—	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.273%	$321	$51K	5.5x	as long as short
BloFin ETHFI-USDT	+0.0078%	4h	0.7151	+0.028%	$1.2M	$282K	75x	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	0.7141	−0.107%	$9K	—	3x
Lighter ETHFI	+0.0096%	1h	0.7164	+0.214%	$1.1M	$897K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7154	+0.064%	$18.0M	$9.1M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7150	+0.011%	$183K	$259K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7146	−0.042%	$18.1M	$13.2M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7150	+0.014%	$5.0M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7149	0.000%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7145	−0.056%	$1.2M	$269K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7142	−0.098%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7148	−0.014%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7152	+0.036%	$59K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7164	+0.210%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0216%	1h	0.7237	+1.231%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0553%	1h	0.7166	+0.243%	$275K	$163K	20x	as long as short