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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h −0.111%
Price spread now: Kraken Futures against Aevo+0.069%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 +$3 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.71720.0104pay 0.0013% / 1h3m 15s$9K3x
ShortKraken Futures PF_ETHFIUSD0.71770.0220get 0.0028% / 1h3m 15s$273K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$24.4
Price spread: +0.069% → 0.000%
$6.88
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$5.28
Costs to cover
0.260%
Break-even
5.5 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 4 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 Aevo no order-book sample
Sell Kraken Futures live order book, 4 min ago6.91 bp27.8 bp −$28143.4 bp −$1,434doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0498%4h0.7168−0.062%$83K$158K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0307%1h0.7175+0.035%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0212%4h0.7170−0.034%$16K$1K10xas long as short
Variational Omni ETHFI−0.0022%4h0.7199+0.372%$1.1M$719Kas long as short
Paradex ETHFI-USD-PERP+0.0018%8h0.7160−0.173%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.942%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0092%4h0.7169−0.048%$15.3M$3.9M125xas long as short
Binance ETHFIUSDT+0.0093%4h0.7162−0.149%$25.0M$36.4M75xas long as short
Lighter ETHFI+0.0096%1h0.7176+0.046%$1.1M$894K5xas long as short
Extended ETHFI-USD+0.0096%1h0.7165−0.099%$100K$388K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ETHFI+0.0100%1h0.7181+0.119%$18.0M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7169−0.050%$183K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7164−0.118%$18.1M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7167−0.076%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7176+0.049%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7165−0.104%$1.2M$263K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7164−0.118%$6.1M$5.5M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7170−0.034%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7173+0.007%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7173+0.007%$1K$1.1M20xas long as short
Aevo ETHFI-PERPlong+0.0104%1h0.7172long leg$9K3x
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7245+1.011%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSDshort+0.0220%1h0.7177+0.069%$273K$166K20x
BloFin ETHFI-USDT+0.0333%4h0.7165−0.104%$1.2M$263K75xas long as short