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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.069%
Price spread now: Coinbase International against Aevo+1.160%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 1.160% dearer against Aevo than usual: you sell high and buy low: +$116 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.69850.0072pay 0.0009% / 1h56m 12s$8K3x
ShortCoinbase International ETHFI-PERP-INTX0.70660.0328get 0.0041% / 1h56m 12s$32K$6K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$53.76
Price spread: +1.160% → 0.000%
$115.96
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$143.72
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Coinbase International: 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 Aevo no order-book sample
Sell Coinbase International no order-book sample
Aevo and Coinbase International: 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−0.0608%1h0.6989+0.057%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0362%4h0.6988+0.043%$81K$171K20xas long as short
Orderly PERP_ETHFI_USDC−0.0273%4h0.6987+0.029%$16K$1K10xas long as short
Variational Omni ETHFI−0.0159%4h0.7023+0.547%$931K$782Kas long as short
Bybit ETHFIUSDT−0.0089%4h0.6986+0.014%$17.4M$13.0M25xas long as short
Binance ETHFIUSDT−0.0041%4h0.6981−0.055%$24.3M$35.8M75xas long as short
Extended ETHFI-USD−0.0040%1h0.6985−0.001%$96K$500K10xas long as short
MEXC ETHFI_USDT−0.0040%4h0.6983−0.029%$15.6M$4.1M125xas long as short
Paradex ETHFI-USD-PERP−0.0017%8h0.6989+0.058%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.651%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPlong+0.0072%1h0.6985long leg$8K3x
Lighter ETHFI+0.0096%1h0.6991+0.087%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6992+0.099%$16.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6997+0.165%$179K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6990+0.072%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6993+0.115%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6992+0.100%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6983−0.029%$6.1M$4.9M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6987+0.029%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6996+0.156%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6996+0.157%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0199%4h0.6994+0.129%$1.2M$241K75xas long as short
Coinbase International ETHFI-PERP-INTXshort+0.0328%1h0.7066+1.160%$32K$6K50x
Kraken Futures PF_ETHFIUSD+0.1681%1h0.6999+0.207%$287K$292K20xas long as short