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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: RISEx against Aevo−0.008%7-day average +0.080% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.033%+$3 on $10k
Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.008%, 7d avg +0.080%
Together, before fees+0.171%+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.088% cheaper against Aevo than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.080%). If the spread goes back, that is −$9 on $10k: about 16 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,726.80.0088pay 0.0011% / 1h22m 31s$4.9M$155K20x
ShortRISEx ETH/USDC2,726.60.0107get 0.0013% / 1h22m 31s$5.6M$11.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$3.96
Price spread: −0.008% → +0.080%
−$8.8
Slippage, 4 orders
−$23.65
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$50.49
Costs to cover
0.457%
Break-even
96.2 days
Slippage from Aevo: live order book, 2 min ago; RISEx: live order book, 2 min ago.

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, 2 min ago8.21 bp16.5 bp −$1726.7 bp −$26755.2 bp −$5,522doesn't fit
Sell RISEx live order book, 2 min ago0.02 bp3.5 bp −$34.0 bp −$40doesn't fitdoesn't fit

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−0.0335%43m2,728.4+0.059%$296K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727+0.007%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,728+0.044%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.8+0.071%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,730.2+0.124%$816K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,728.8+0.074%$28.0M200xas long as short
dYdX ETH-USD+0.0008%1h2,728.3+0.055%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0023%1h2,728.1+0.048%$178K$1.7M20xas long as short
BingX ETH-USDT+0.0031%8h2,726.2−0.022%$1.14Bas long as short
Bybit ETHUSDT+0.0036%8h2,727.2+0.015%$2.36B$4.38B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.3+0.018%$186K$815K50xas long as short
SunX ETH-USDT+0.0065%8h2,728.4+0.057%$957K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,726.8−0.001%$378.7M$574.0M100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,732.1+0.193%$8.6M$31.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,727.5+0.026%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0079%8h2,726.8−0.002%$250.4M$841.0M200xas long as short
Phemex ETHUSDT+0.0086%8h2,728.4+0.059%$264.5M$65.1M150xas long as short
SoDEX ETH-USD+0.0087%1h2,728.2+0.051%$54.3M$187.7M40xas long as short
MEXC ETH_USDT+0.0087%8h2,726.4−0.015%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0088%8h2,727+0.005%$6.33B$15.93B150xas long as short
Aevo ETH-PERPlong+0.0088%1h2,726.8long leg$4.9M$155K20x
Lighter ETH+0.0096%1h2,727+0.008%$112.2M$434.4M50xas long as short
Lighter RH ETH+0.0096%1h2,728.1+0.045%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729.2+0.087%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.231%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.022%$497K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.5+0.062%$15.6M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.6−0.008%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.1+0.084%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.4+0.022%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1−0.026%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.3+0.016%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.052%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.3−0.021%$3.32B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.4−0.017%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.3+0.053%$14.9M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.103%$133.3M$321.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.8+0.183%$183.8M$670.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6+0.103%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.102%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.5+0.063%$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.8+0.110%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.4+0.093%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.4+0.130%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,725.3−0.055%$30.5M$73.3M50xas long as short
Kalshi KXETHPERP+0.0105%8h2,729.4+0.095%$6.5M$684.1M4.9xas long as short
RISEx ETH/USDCshort+0.0107%1h2,726.6−0.008%$5.6M$11.8M25x
Aftermath Perps ETHUSD+0.0110%1h2,732.7+0.217%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,729+0.080%$50.9M$4.27B50xas long as short
Deribit ETH-PERPETUAL+0.0149%1h2,729.9+0.114%$259.2M$200.6M50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,728.9+0.075%$83.1M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,730.9+0.151%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0210%1h2,727.4+0.023%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,730.4+0.132%$242K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,728+0.044%$282.6M$174.7M150xas long as short