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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Polymarket Perps against Aevo+0.137%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$940.937% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.137%, 7d avg +0.074%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.063% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,734.30.0096pay 0.0012% / 1h49m 19s$4.9M$155K20x
ShortPolymarket Perps ETH-USD2,7380.0100get 0.0013% / 1h49m 19s$11.2M$9.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aevo. 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
$0.84
Price spread: +0.137% → +0.074%
$6.27
Slippage, 4 orders
−$69.69
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$86.58
Costs to cover
0.937%
Break-even
728.5 days
Slippage from Aevo: live order book, 5 min ago; Polymarket Perps: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 5 min ago33.22 bp41.7 bp −$4251.2 bp −$512doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago0.18 bp4.8 bp −$54.9 bp −$4913.3 bp −$1,326doesn't fit

ETH on 55 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
Perpl ETH−0.0447%43m2,737+0.100%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.2+0.144%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737+0.102%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,740.2+0.218%$819K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,738.3+0.150%$10.8M$42.0M50xas long as short
Kalshi KXETHPERP0.0000%8h2,737.6+0.123%$6.7M$681.6M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.1+0.106%$28.1M200xas long as short
HTX ETH-USDT+0.0016%8h2,735.9+0.060%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0033%1h2,736.5+0.083%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0039%8h2,736.4+0.078%$18.5Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,736.9+0.097%$2.37B$4.37B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,737.7+0.126%$187K$816K50xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,738.5+0.154%$259.5M$199.9M50xas long as short
KuCoin ETHUSDTM+0.0069%8h2,737.2+0.107%$380.1M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,737.1+0.104%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0082%8h2,737.1+0.104%$265.5M$65.3M150xas long as short
Aster ETHUSDT+0.0089%8h2,737.1+0.103%$251.0M$842.8M200xas long as short
SoDEX ETH-USD+0.0093%1h2,737.2+0.108%$54.5M$187.7M40xas long as short
Lighter ETH+0.0096%1h2,737.8+0.128%$113.0M$430.8M50xas long as short
Lighter RH ETH+0.0096%1h2,738.9+0.169%$23.5M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,738.3+0.149%$31.0M500xas long as short
Aevo ETH-PERPlong+0.0096%1h2,734.3long leg$4.9M$155K20x
Injective ETH/USDC PERP+0.0096%1h2,737.1+0.104%$117K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,737.1+0.104%$1.55B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,737.1+0.104%$6.35B$15.90B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,741.1+0.250%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.5+0.082%$504K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,736.3+0.073%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.6+0.159%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.6+0.123%$31.9M$334.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.7+0.090%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.2+0.106%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.198%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.7+0.088%$3.34B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.1+0.103%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.8+0.094%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5+0.156%$133.8M$322.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,738.5+0.155%$184.2M$670.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6+0.233%$159.4M$86.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,739.5+0.190%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,738.1+0.141%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.7+0.127%$844K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,738+0.137%$11.2M$9.3M50x
Bluefin ETH-PERP+0.0100%1h2,737.5+0.120%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738.9+0.169%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.8+0.057%$959K$11.3M100xas long as short
Extended ETH-USD+0.0104%1h2,736.1+0.067%$30.6M$72.9M50xas long as short
Aftermath Perps ETHUSD+0.0106%1h2,738.7+0.163%$30K$20K20xas long as short
RISEx ETH/USDC+0.0107%1h2,737.2+0.108%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,738.5+0.154%$51.0M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,738+0.139%$83.7M$314.7M100xas long as short
Orderly PERP_ETH_USDC+0.0201%8h2,739+0.174%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0214%1h2,735.6+0.049%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,738.5+0.157%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0393%8h2,737.3+0.111%$282.4M$175.7M150xas long as short