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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.026%
Price spread now: Aevo against Injective−3.105%59s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 3.105% cheaper against Injective than usual: you would sell low and buy high (spread −3.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$310 on $10k: about 9 months of funding at the current rate (+$1 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETHFI/USDC PERP0.72400.0033pay 0.0004% / 1h57m 50s$321$51K5.5x
ShortAevo ETHFI-PERP0.70150.0072get 0.0009% / 1h57m 50s$8K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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
$8.12
Price spread: −3.105% → 0.000%
−$310.47
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$318.37
Costs to cover
0.160%
Break-even
281.5 days
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aevo no order-book sample
Injective and 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
Deribit ETHFI_USDC-PERPETUAL−0.0462%1h0.7022−3.011%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0365%4h0.7016−3.094%$81K$171K20xas long as short
Orderly PERP_ETHFI_USDC−0.0271%4h0.7019−3.052%$16K$1K10xas long as short
Variational Omni ETHFI−0.0159%4h0.7023−2.994%$931K$782Kas long as short
Bybit ETHFIUSDT−0.0083%4h0.7022−3.011%$17.5M$13.0M25xas long as short
Binance ETHFIUSDT−0.0041%4h0.7008−3.203%$24.3M$35.8M75xas long as short
Extended ETHFI-USD−0.0040%1h0.7017−3.074%$97K$504K10xas long as short
MEXC ETHFI_USDT−0.0036%4h0.7017−3.080%$15.7M$4.1M125xas long as short
Paradex ETHFI-USD-PERP−0.0014%8h0.7025−2.965%$6K5xas long as short
Injective ETHFI/USDC PERPlong+0.0033%1h0.7240long leg$321$51K5.5x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPshort+0.0072%1h0.7015−3.105%$8K3x
Lighter ETHFI+0.0096%1h0.7018−3.066%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7025−2.965%$17.0M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7027−2.940%$180K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7024−2.983%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7023−2.997%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7020−3.039%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7016−3.094%$6.1M$4.9M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7022−3.011%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7035−2.830%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7032−2.873%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0203%4h0.7009−3.191%$1.2M$241K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7066−2.403%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1672%1h0.7038−2.791%$290K$288K20xas long as short