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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: Ondo Perps against Aevo+0.092%7-day average +0.041% · 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 7 days+0.093%+$9 on $10k
Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.092%, 7d avg +0.041%
Together, before fees+0.064%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.051% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,769.70.0056pay 0.0007% / 1h27m 49s$5.0M$636K20x
ShortOndo Perps ETH-USD.P2,772.30.0100get 0.0013% / 1h27m 49s$2.8M$16.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$9.24
Price spread: +0.092% → +0.041%
$5.13
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$6.63
Costs to cover
0.210%
Break-even
12.0 days
Slippage unknown: Aevo: live order book, 1 min ago; Ondo Perps: 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 Aevo live order book, 1 min ago9.85 bp18.4 bp −$1837.3 bp −$37354.1 bp −$5,406doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.

ETH on 55 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
Perpl ETH−0.0447%43m2,773.7+0.141%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,773.3+0.130%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.8+0.146%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3+0.020%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.3+0.128%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0018%1h2,774.1+0.156%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.4+0.133%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.005%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.9+0.114%$22.4M200xas long as short
BingX ETH-USDT+0.0016%8h2,771.7+0.072%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771.9+0.077%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0023%8h2,772.1+0.083%$269.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.8+0.112%$13.0M200xas long as short
Aster ETHUSDT+0.0033%8h2,771.7+0.070%$255.8M$990.9M200xas long as short
Bullet ETH-USD+0.0035%1h2,771.9+0.078%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0046%1h2,772.5+0.101%$258.3M$222.2M50xas long as short
Aevo ETH-PERPlong+0.0056%1h2,769.7long leg$5.0M$636K20x
MEXC ETH_USDT+0.0059%8h2,771.2+0.052%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0059%8h2,772.1+0.085%$6.42B$17.16B150xas long as short
Nado ETH-PERP+0.0060%1h2,773.7+0.141%$14.3M$118.0M50xas long as short
Bitget ETHUSDT+0.0071%8h2,772.3+0.092%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0073%8h2,772.1+0.084%$3.29B$9.62B200xas long as short
SoDEX ETH-USD+0.0077%1h2,770.7+0.035%$55.2M$228.8M40xas long as short
Bybit ETHUSDT+0.0093%8h2,772.3+0.092%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,770.7+0.036%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.4+0.061%$114.8M$500.0M50xas long as short
Lighter RH ETH+0.0096%1h2,772.6+0.104%$25.3M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.2+0.163%$41.6M500xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,777.8+0.289%$8.7M$32.5M100xas long as short
KuCoin ETHUSDTM+0.0098%8h2,771+0.045%$423.2M$739.4M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,773.6+0.138%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.8+0.146%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.114%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,774+0.154%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,772.3+0.092%$2.8M$16.9M25x
Arcus ETH-USD+0.0100%1h2,775.3+0.202%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.083%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771+0.044%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.011%$135.0M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,777.1+0.264%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.009%$161.1M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.7+0.071%$21.4M$58.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.5+0.172%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.6+0.102%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.141%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,773+0.119%$972K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.2+0.124%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,770.5+0.027%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772+0.082%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0122%8h2,773.4+0.132%$8.6M$676.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,774.1+0.159%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.4+0.059%$86.0M$331.8M100xas long as short
BloFin ETH-USDT+0.0179%8h2,773+0.118%$285.2M$194.3M150xas long as short
Hibachi ETH/USDT-P+0.0184%1h2,773.7+0.143%$278K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.3+0.091%$7.4M$1.2M25xas long as short