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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.021%
Price spread now: Aevo against gTrade (Gains Network)−0.121%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$400.402% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.070%+$7 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.121%, 7d avg −0.073%
Together, before fees+0.057%+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.048% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.073%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,733.8L +0.0007% / S −0.0006%pay 0.0001% / 1h6m 09s$33.0M200x
ShortAevo ETH-PERP2,730.50.0096get 0.0012% / 1h6m 09s$4.9M$171K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against gTrade (Gains Network). 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
$18.78
Price spread: −0.121% → −0.073%
−$4.8
Slippage, 4 orders
−$17.19
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$26.21
Costs to cover
0.402%
Break-even
16.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Aevo: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$4998.9 bp −$4,440
Sell Aevo live order book, 3 min ago5.72 bp15.0 bp −$1523.8 bp −$23839.7 bp −$3,965doesn'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
Hotstuff ETH-PERP−0.0080%1h2,734.8+0.037%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.015%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.029%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,733.1−0.026%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,734.1+0.009%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,734.6+0.029%$6.6M$682.7M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.065%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.1+0.010%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,733.8long leg$33.0M200x
01 Exchange ETHUSD+0.0016%1h2,734.9+0.040%$192K$890K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0022%8h2,733.3−0.020%$1.10Bas long as short
ApeX Omni ETHUSDT+0.0025%1h2,731.9−0.068%$8.6M$31.5M100xas long as short
Bybit ETHUSDT+0.0027%8h2,732.9−0.033%$2.34B$4.38B150xas long as short
HTX ETH-USDT+0.0029%8h2,732.9−0.035%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,733.5−0.011%$380.7M$576.9M100xas long as short
SoDEX ETH-USD+0.0073%1h2,732.9−0.033%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,733.3−0.019%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,733.2−0.023%$253.1M$846.6M200xas long as short
Phemex ETHUSDT+0.0091%8h2,733.1−0.026%$263.1M$64.6M150xas long as short
Bullet ETH-USD+0.0091%1h2,733.1−0.026%$188K$1.7M20xas long as short
MEXC ETH_USDT+0.0094%8h2,733.1−0.027%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.1−0.027%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.80.000%$112.8M$439.0M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.043%$23.5M$103.5M50xas long as short
Aevo ETH-PERPshort+0.0096%1h2,730.5−0.121%$4.9M$171K20x
Aftermath Perps ETHUSD+0.0100%1h2,733.7−0.004%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.80.000%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.9+0.186%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,734+0.009%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.7+0.070%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,735.2+0.052%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9+0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.9+0.040%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.073%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.4−0.016%$3.31B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.3−0.019%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.1−0.026%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.095%$134.1M$321.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.3−0.091%$185.7M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6−0.043%$158.8M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,734.1+0.011%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.3+0.056%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.4+0.059%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.9+0.004%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.077%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.4−0.014%$959K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731.9−0.069%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,734.7+0.033%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.019%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,734.9+0.041%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,733.2−0.021%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,735.7+0.068%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,733−0.029%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.5−0.009%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0380%8h2,734.4+0.022%$281.2M$175.8M150xas long as short