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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.036%
Price spread now: Paradex against Aevo−0.042%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.042% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.71900.0088pay 0.0011% / 1h29m 57s$9K3x
ShortParadex ETHFI-USD-PERP0.7187−0.0034pay 0.0034% / 8h7h 29m$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$25.68
Price spread: −0.042% → 0.000%
−$4.24
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$49.92
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Paradex: 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 no order-book sample
Sell Paradex no order-book sample
Aevo and Paradex: 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
HTX ETHFI-USDT−0.0966%4h0.7178−0.167%$83K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7194+0.056%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0201%4h0.7189−0.014%$16K$1K10xas long as short
Variational Omni ETHFI−0.0061%4h0.7188−0.029%$1.0M$728Kas long as short
Bybit ETHFIUSDT−0.0036%4h0.7191+0.014%$18.2M$12.8M25xas long as short
Paradex ETHFI-USD-PERPshort−0.0034%8h0.7187−0.042%$6K5x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.695%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0042%4h0.7189−0.014%$15.4M$3.8M125xas long as short
Binance ETHFIUSDT+0.0045%4h0.7189−0.014%$25.1M$36.8M75xas long as short
Extended ETHFI-USD+0.0048%1h0.7187−0.038%$100K$426K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERPlong+0.0088%1h0.7190long leg$9K3x
Lighter ETHFI+0.0096%1h0.7201+0.159%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7201+0.159%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7194+0.060%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7191+0.014%$5.0M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7198+0.111%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7191+0.014%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7188−0.028%$6.1M$5.6M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7193+0.042%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7191+0.011%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7196+0.083%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.654%$32K$6K50xas long as short
BloFin ETHFI-USDT+0.0170%4h0.7187−0.042%$1.3M$272K75xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7199+0.128%$274K$164K20xas long as short