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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRnext payment $0.02 per $10,000 · paid last 24h −0.008%
Price spread now: Aevo against Extended−0.041%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.383% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.104%−$10 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now −0.041%, 7d avg −0.027%
Together, before fees−0.301%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,743.60.0104pay 0.0013% / 1h32m 55s$30.6M$72.4M50x
ShortAevo ETH-PERP2,742.50.0088get 0.0011% / 1h32m 55s$4.9M$155K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
−$3.36
Price spread: −0.041% → −0.027%
−$1.38
Slippage, 4 orders
−$17.32
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$43.06
Costs to cover
0.383%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Aevo: live order book, 1 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 Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$275.4 bp −$53615.0 bp −$7,489
Sell Aevo live order book, 1 min ago8.39 bp16.6 bp −$1723.3 bp −$23337.6 bp −$3,757doesn'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
Hotstuff ETH-PERP−0.0080%1h2,745.2+0.058%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.018%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.1+0.053%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,743.6−0.001%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,744.7+0.040%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.2+0.058%$22.2M200xas long as short
Phoenix ETH+0.0017%1h2,745.2+0.058%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,745.2+0.058%$183K$916K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,741.3−0.083%$8.9M$30.9M100xas long as short
BingX ETH-USDT+0.0050%8h2,745+0.051%$1.15Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,745.1+0.053%$383.5M$584.1M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,744.2+0.023%$1.70B$10.57B100xas long as short
RISEx ETH/USDC+0.0077%1h2,745.3+0.061%$5.7M$11.2M25xas long as short
Bullet ETH-USD+0.0081%1h2,744.8+0.044%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0082%8h2,744.7+0.042%$252.3M$841.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,745.1+0.056%$1.56B$2.54B500xas long as short
Aevo ETH-PERPshort+0.0088%1h2,742.5−0.041%$4.9M$155K20x
Binance ETHUSDT+0.0089%8h2,744.8+0.042%$6.38B$15.69B150xas long as short
Lighter ETH+0.0096%1h2,745.4+0.065%$112.8M$433.4M50xas long as short
Lighter RH ETH+0.0096%1h2,746.8+0.116%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.8+0.042%$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.4+0.102%$58.7M$4.28B50xas long as short
HTX ETH-USDT+0.0097%8h2,744.8+0.045%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749.3+0.206%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.8+0.044%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8+0.044%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.4+0.139%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745+0.051%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.5+0.033%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.5−0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.3+0.060%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.076%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.2+0.059%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.6+0.037%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.4+0.029%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.106%$132.6M$333.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,740.6−0.111%$182.1M$690.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,742.9−0.024%$159.5M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,742.6−0.036%$21.2M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.3+0.061%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.9+0.084%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.8+0.044%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.107%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.4+0.031%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.1+0.055%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,745+0.051%$267.0M$65.1M150xas long as short
Extended ETH-USDlong+0.0104%1h2,743.6long leg$30.6M$72.4M50x
Aftermath Perps ETHUSD+0.0129%1h2,742.2−0.051%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,745.2+0.058%$7.6M$669.2M4.9xas long as short
Deribit ETH-PERPETUAL+0.0165%1h2,746.4+0.100%$258.8M$196.0M50xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,747.1+0.128%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.086%$87.0M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,744.7+0.040%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,743.5−0.004%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0292%8h2,745.4+0.066%$285.2M$182.1M150xas long as short