Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.011%

Price spread now: Aevo against Variational Omni+0.108%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.108% dearer against Variational Omni than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETHFI	0.7199	0.0100	pay 0.0050% / 4h	1h 00m	$1.0M	$755K	—
Short	Aevo ETHFI-PERP	0.7207	0.0088	get 0.0011% / 1h	1h 00m	$9K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.108%Rate

Funding earned: −$2.52
Price spread: +0.108% → 0.000%: $10.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.75
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.48 bp	doesn't fit	46.6 bp −$466	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETHFI-USDT	−0.0308%	4h	0.7176	−0.320%	$83K	$164K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0305%	1h	0.7198	−0.014%	$42K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0251%	1h	0.7207	+0.111%	$283K	$149K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0191%	4h	0.7193	−0.084%	$16K	$1K	10x	as long as short
MEXC ETHFI_USDT	+0.0022%	4h	0.7193	−0.084%	$15.2M	$3.8M	125x	as long as short
Extended ETHFI-USD	+0.0024%	1h	0.7191	−0.115%	$93K	$493K	10x	as long as short
Binance ETHFIUSDT	+0.0025%	4h	0.7193	−0.089%	$24.9M	$37.2M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.569%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0036%	8h	0.7200	+0.019%	$6K	—	5x	as long as short
Aevo ETHFI-PERPshort	+0.0088%	1h	0.7207	+0.108%	$9K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETHFI-USDT	+0.0091%	4h	0.7195	−0.056%	$1.3M	$293K	75x	as long as short
Aster ETHFIUSDT	+0.0092%	4h	0.7195	−0.057%	$184K	$259K	10x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7200	+0.019%	$1.1M	$898K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7201	+0.033%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7198	−0.014%	$18.3M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7197	−0.028%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7199	0.000%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7202	+0.041%	$1.2M	$273K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7192	−0.098%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7195	−0.056%	—	$26.1M	—	as long as short
Variational Omni ETHFIlong	+0.0100%	4h	0.7199	long leg	$1.0M	$755K	—
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7196	−0.043%	$60K	$93K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7200	+0.013%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0304%	1h	0.7198	−0.014%	$31K	$6K	50x	as long as short