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+0.0133%/8h= +14.5% APRpaid last 24h +0.021%
Price spread now: Aevo against Paradex+0.026%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.026% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.7133−0.0045get 0.0045% / 8h5m 47s$6K5x
ShortAevo ETHFI-PERP0.71350.0088get 0.0011% / 1h5m 47s$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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
$27.86
Price spread: +0.026% → 0.000%
$2.62
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aevo: 8 bp × 2 orders
−$16
Net
$10.48
Costs to cover
0.200%
Break-even
4.4 days
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample
Sell Aevo no order-book sample
Paradex and 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−0.0450%1h0.7135+0.026%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0337%4h0.7124−0.128%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0191%4h0.7132−0.016%$16K$1K10xas long as short
Paradex ETHFI-USD-PERPlong−0.0045%8h0.7133long leg$6K5x
Extended ETHFI-USD+0.0016%1h0.7134+0.007%$92K$492K10xas long as short
MEXC ETHFI_USDT+0.0018%4h0.7133−0.002%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0020%4h0.7135+0.033%$24.9M$37.4M75xas long as short
Variational Omni ETHFI+0.0028%4h0.7132−0.022%$1.0M$745Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.498%$321$51K5.5xas long as short
BloFin ETHFI-USDT+0.0078%4h0.7132−0.016%$1.3M$281K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPshort+0.0088%1h0.7135+0.026%$9K3x
Lighter ETHFI+0.0096%1h0.7148+0.210%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7140+0.099%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7142+0.122%$182K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7137+0.054%$18.1M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7143+0.138%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7141+0.110%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7143+0.138%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7133−0.002%$6.1M$5.8M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7139+0.082%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7136+0.040%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7143+0.138%$1K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.456%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0554%1h0.7145+0.171%$275K$163K20xas long as short