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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Aevo against Binance−0.065%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.065%, 7d avg −0.063%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,7300.0095pay 0.0095% / 8h7h 57m$6.32B$16.10B150x
ShortAevo ETH-PERP2,728.20.0096get 0.0012% / 1h57m 11s$4.9M$191K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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
$0.28
Price spread: −0.065% → −0.063%
−$0.21
Slippage, 4 orders
−$14.72
Fee Binance: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$40.64
Costs to cover
0.407%
Break-even
1010.6 days
Slippage from Binance: live order book, 2 min ago; Aevo: 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 Binance live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5478.0 bp −$3,990
Sell Aevo live order book, 2 min ago5.85 bp16.4 bp −$1623.5 bp −$23547.2 bp −$4,720doesn'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−0.0447%43m2,729.8−0.007%$281K$5.7M8.3xas long as short
Phemex ETHUSDT−0.0405%8h2,729.9−0.003%$263.1M$63.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.9−0.076%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,728.7−0.047%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.2+0.009%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,730+0.001%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729−0.036%$6.7M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.7+0.026%$264.4M$218.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.4+0.016%$32.9M200xas long as short
BingX ETH-USDC+0.0018%8h2,729.3−0.024%$18.6Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0064%1h2,730.7+0.027%$191K$884K50xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,730.5+0.019%$1.66B$10.75B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,726.5−0.127%$240K$1.4M20xas long as short
Bybit ETHUSDT+0.0081%8h2,730.4+0.015%$2.32B$4.32B150xas long as short
KuCoin ETHUSDTM+0.0083%8h2,730+0.001%$384.0M$575.7M100xas long as short
Aster ETHUSDT+0.0086%8h2,730+0.002%$252.4M$851.4M200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,726.3−0.133%$8.4M$31.2M100xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,725.8−0.151%$30K$20K20xas long as short
MEXC ETH_USDT+0.0094%8h2,730.5+0.021%$1.57B$2.54B500xas long as short
Binance ETHUSDTlong+0.0095%8h2,730long leg$6.32B$16.10B150x
Lighter ETH+0.0096%1h2,730.6+0.024%$112.2M$399.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.062%$23.6M$95.4M50xas long as short
Aevo ETH-PERPshort+0.0096%1h2,728.2−0.065%$4.9M$191K20x
Katana Perps ETH-USD+0.0100%8h2,730+0.001%$501K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.5+0.130%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.1+0.003%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.6+0.096%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.1+0.006%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.5−0.090%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.011%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.105%$161.7M$337.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.4+0.016%$3.30B$8.18B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.1+0.006%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.7+0.028%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,723−0.257%$131.2M$318.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,725−0.183%$185.4M$683.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7−0.158%$158.4M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,728.8−0.043%$21.0M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,731+0.037%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.5+0.019%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730+0.003%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.3+0.014%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.4−0.094%$40.5M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.6−0.014%$961K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,730+0.001%$54.4M$182.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,729.6−0.013%$1.05B$1.22B200xas long as short
Extended ETH-USD+0.0104%1h2,729.3−0.024%$30.4M$71.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,727.4−0.093%$30.1M500xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,730.4+0.017%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.2+0.045%$46.6M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,731+0.037%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0159%8h2,730.7+0.026%$283.1M$177.9M150xas long as short
Reya ETHRUSDPERP+0.0176%1h2,728.6−0.050%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,732.7+0.101%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.7−0.047%$117K$19.0M52xas long as short