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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.001%
Price spread now: Aevo against SunX−0.200%7-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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.200% cheaper against SunX than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.69940.0100pay 0.0050% / 4h3h 47m$2K$1.1M20x
ShortAevo ETHFI-PERP0.69800.0080get 0.0010% / 1h47m 58s$8K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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
−$4.2
Price spread: −0.200% → 0.000%
−$20.02
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$48.22
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago500.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0322%1h0.6984−0.143%$41K$12K10xas long as short
HTX ETHFI-USDT−0.0291%4h0.6973−0.300%$83K$149K20xas long as short
Orderly PERP_ETHFI_USDC−0.0284%4h0.6980−0.200%$16K$1K10xas long as short
Variational Omni ETHFI−0.0278%4h0.6973−0.295%$927K$795Kas long as short
Bybit ETHFIUSDT−0.0175%4h0.6984−0.143%$17.1M$12.9M25xas long as short
Paradex ETHFI-USD-PERP−0.0117%8h0.6972−0.308%$6K5xas long as short
Extended ETHFI-USD0.0000%1h0.6981−0.192%$95K$505K10xas long as short
MEXC ETHFI_USDT+0.0002%4h0.6982−0.172%$15.9M$4.1M125xas long as short
Binance ETHFIUSDT+0.0004%4h0.6983−0.164%$24.4M$36.0M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.517%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPshort+0.0080%1h0.6980−0.200%$8K3x
Lighter ETHFI+0.0096%1h0.6991−0.037%$1.1M$826K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6990−0.054%$16.7M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6983−0.161%$178K$224K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6989−0.071%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6989−0.071%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6980−0.200%$1.2M$214K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6984−0.143%$6.1M$4.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6985−0.129%$10.7Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6988−0.086%$53K$149K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.6994long leg$2K$1.1M20x
BloFin ETHFI-USDT+0.0202%4h0.6980−0.200%$1.2M$233K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0336%1h0.6990−0.057%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0864%1h0.6997+0.049%$292K$283K20xas long as short