Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.001%

Price spread now: Aevo against Binance−0.083%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.083% cheaper against Binance than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 18 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHFIUSDT	0.7142	0.0088	pay 0.0044% / 4h	2h 11m	$24.8M	$37.0M	75x
Short	Aevo ETHFI-PERP	0.7136	0.0104	get 0.0013% / 1h	11m 22s	$9K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee AevobpOrdersPrice spread, now −0.083%Rate

Funding earned: $3.26
Price spread: −0.083% → 0.000%: −$8.26
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$31.01
Costs to cover: 0.260%
Break-even: 73.7 days

Slippage unknown: Binance: live order book, 15 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 15 min ago	0.70 bp	13.1 bp −$13	34.8 bp −$348	159.1 bp −$15.9K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0729%	1h	0.7140	−0.028%	$42K	$18K	10x	as long as short
HTX ETHFI-USDT	−0.0236%	4h	0.7130	−0.168%	$83K	$165K	20x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0214%	1h	0.7136	−0.084%	$281K	$145K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0171%	4h	0.7137	−0.070%	$16K	$1K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.372%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0040%	8h	0.7130	−0.173%	$6K	—	5x	as long as short
Bitget ETHFIUSDT	+0.0046%	4h	0.7136	−0.084%	$6.1M	$5.6M	75x	as long as short
Extended ETHFI-USD	+0.0088%	1h	0.7137	−0.077%	$92K	$495K	10x	as long as short
Binance ETHFIUSDTlong	+0.0088%	4h	0.7142	long leg	$24.8M	$37.0M	75x
MEXC ETHFI_USDT	+0.0092%	4h	0.7136	−0.084%	$15.1M	$3.9M	125x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7144	+0.024%	$1.1M	$909K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7144	+0.032%	$18.1M	$9.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7147	+0.072%	$183K	$255K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7150	+0.112%	$18.3M	$12.8M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7140	−0.028%	$4.9M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7141	−0.014%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7137	−0.070%	$1.2M	$270K	50x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7141	−0.014%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7147	+0.073%	$1.0M	$707K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7140	−0.024%	$60K	$85K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7145	+0.042%	$2K	$1.1M	20x	as long as short
Aevo ETHFI-PERPshort	+0.0104%	1h	0.7136	−0.083%	$9K	—	3x
Coinbase International ETHFI-PERP-INTX	+0.0152%	1h	0.7165	+0.322%	$31K	$9K	50x	as long as short
BloFin ETHFI-USDT	+0.0329%	4h	0.7129	−0.182%	$1.3M	$293K	75x	as long as short