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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment $0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Aevo against Ondo Perps−0.059%7-day average −0.041% · you buy dearer than you sell
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 7 days−0.098%−$10 on $10k
Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.059%, 7d avg −0.041%
Together, before fees−0.077%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,770.20.0100pay 0.0013% / 1h34m 19s$2.8M$16.7M25x
ShortAevo ETH-PERP2,768.60.0056get 0.0007% / 1h34m 19s$5.0M$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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
−$9.24
Price spread: −0.059% → −0.041%
−$1.77
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$32.01
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Aevo: live order book, 5 min ago. 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 Ondo Perps no order-book sample
Sell Aevo live order book, 5 min ago4.66 bp22.8 bp −$2332.0 bp −$32051.2 bp −$5,122doesn't fit
Ondo Perps: 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.

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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.264%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8+0.022%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,769.6−0.021%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771+0.029%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.3+0.004%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0020%8h2,770.8+0.021%$269.7M$67.4M150xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.047%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.029%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.045%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0024%8h2,771.1+0.033%$1.71B$11.21B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0024%1h2,770.6+0.013%$184K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.3+0.039%$12.7M200xas long as short
SoDEX ETH-USD+0.0036%1h2,771+0.029%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0039%8h2,771+0.027%$256.7M$886.6M200xas long as short
Binance ETHUSDT+0.0054%8h2,770.9+0.024%$6.47B$16.37B150xas long as short
MEXC ETH_USDT+0.0055%8h2,770.5+0.012%$1.63B$2.63B500xas long as short
Aevo ETH-PERPshort+0.0056%1h2,768.6−0.059%$5.0M$165K20x
Aftermath Perps ETHUSD+0.0062%1h2,772.2+0.074%$31K$23K20xas long as short
HTX ETH-USDT+0.0066%8h2,770.6+0.014%$1.08B$1.26B200xas long as short
Bitget ETHUSDT+0.0071%8h2,771.2+0.034%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,772.4+0.079%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,771+0.028%$420.2M$632.9M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.9+0.025%$878K50xas long as short
Gate ETH_USDT+0.0089%8h2,771.3+0.038%$3.35B$8.97B200xas long as short
Lighter ETH+0.0096%1h2,771.7+0.056%$115.3M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,773+0.100%$25.8M$111.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.8+0.020%$15.9M$8.8M50xas long as short
SunX ETH-USDT+0.0099%8h2,770.3+0.005%$972K$13.3M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4+0.007%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.6+0.016%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.111%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.7+0.018%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.3+0.041%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,770.2long leg$2.8M$16.7M25x
Arcus ETH-USD+0.0100%1h2,771.4+0.044%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.013%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.1+0.032%$1.21Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.3+0.004%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.075%$142.1M$343.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,773+0.100%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.046%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.068%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.011%$21.4M$62.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.014%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.1+0.033%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,773+0.103%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,770.4+0.007%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.4+0.044%$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.047%$8.0M$682.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.5+0.083%$259.1M$207.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,772.5+0.084%$93.4M$316.5M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,773.9+0.132%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.132%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.064%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,770.5+0.011%$7.3M$1.2M25xas long as short