Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.016%

Price spread now: Aevo against OKX+0.122%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. Aevo is 0.122% dearer against OKX than usual: you sell high and buy low (spread +0.122% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETHFI-USDT-SWAP	0.6933	0.0100	pay 0.0050% / 4h	3h 29m	$5.1M	$12.6M	20x
Short	Aevo ETHFI-PERP	0.6941	0.0088	get 0.0011% / 1h	29m 40s	$8K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.122%Rate

Funding earned: −$2.52
Price spread: +0.122% → 0.000%: $12.19
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.33
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.72 bp	17.6 bp −$18	51.1 bp −$511	doesn't fit	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	−0.0470%	1h	0.6935	+0.029%	$41K	$12K	10x	as long as short
HTX ETHFI-USDT	−0.0343%	4h	0.6924	−0.130%	$82K	$150K	20x	as long as short
Variational Omni ETHFI	−0.0280%	4h	0.6935	+0.034%	$925K	$795K	—	as long as short
Orderly PERP_ETHFI_USDC	−0.0279%	4h	0.6933	0.000%	$16K	$1K	10x	as long as short
Bybit ETHFIUSDT	−0.0243%	4h	0.6932	−0.014%	$17.0M	$13.1M	25x	as long as short
Paradex ETHFI-USD-PERP	−0.0097%	8h	0.6932	−0.020%	$6K	—	5x	as long as short
Extended ETHFI-USD	+0.0016%	1h	0.6929	−0.055%	$94K	$507K	10x	as long as short
MEXC ETHFI_USDT	+0.0016%	4h	0.6932	−0.014%	$15.8M	$4.2M	125x	as long as short
Binance ETHFIUSDT	+0.0018%	4h	0.6934	+0.017%	$24.3M	$35.9M	75x	as long as short
Aster ETHFIUSDT	+0.0027%	4h	0.6934	+0.014%	$178K	$230K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.428%	$321	$51K	5.5x	as long as short
BloFin ETHFI-USDT	+0.0060%	4h	0.6932	−0.014%	$1.2M	$231K	75x	as long as short
Aevo ETHFI-PERPshort	+0.0088%	1h	0.6941	+0.122%	$8K	—	3x
Lighter ETHFI	+0.0096%	1h	0.6945	+0.175%	$1.1M	$833K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6938	+0.075%	$16.6M	$8.6M	5x	as long as short
OKX ETHFI-USDT-SWAPlong	+0.0100%	4h	0.6933	long leg	$5.1M	$12.6M	20x
Gate ETHFI_USDT	+0.0100%	4h	0.6934	+0.014%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6935	+0.029%	$1.1M	$214K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6931	−0.029%	$6.1M	$4.6M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6933	0.000%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6939	+0.087%	$52K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6941	+0.115%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0336%	1h	0.7020	+1.255%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0869%	1h	0.6951	+0.261%	$292K	$288K	20x	as long as short