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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Arcus against Aevo+0.068%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Long on AevoShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.026%+$3 on $10k
Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.068%, 7d avg +0.096%
Together, before fees+0.079%+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.028% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,724.80.0096pay 0.0012% / 1h50m 49s$4.9M$161K20x
ShortArcus ETH-USD2,726.70.0100get 0.0013% / 1h50m 49s$1.5M$16.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.068% → +0.096%
−$2.78
Slippage, 4 orders
−$14.47
Fee Aevo: 8 bp × 2 orders
−$16
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$36.91
Costs to cover
0.350%
Break-even
314.6 days
Slippage from Aevo: live order book, 3 min ago; Arcus: 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 Aevo live order book, 3 min ago2.92 bp11.2 bp −$1128.0 bp −$28042.2 bp −$4,221doesn't fit
Sell Arcus live order book, 3 min ago0.02 bp3.5 bp −$33.7 bp −$375.3 bp −$533doesn'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−0.0112%43m2,725.6+0.029%$287K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.4+0.058%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,727.4+0.095%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,729.2+0.161%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.3+0.090%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729.8+0.183%$815K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,726.9+0.077%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.080%$6.7M$692.1M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.1+0.120%$261.8M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,727.3+0.092%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,727.2+0.088%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.4+0.058%$191K$892K50xas long as short
BingX ETH-USDC+0.0034%8h2,728+0.119%—$18.6M—as long as short
Bybit ETHUSDT+0.0039%8h2,729.3+0.164%$2.35B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,730.2+0.198%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0078%8h2,728.8+0.148%$375.3M$576.1M100xas long as short
SunX ETH-USDT+0.0087%8h2,725.3+0.019%$955K$11.1M100xas long as short
SoDEX ETH-USD+0.0090%1h2,727.3+0.091%$54.3M$187.5M40xas long as short
Aster ETHUSDT+0.0090%8h2,729+0.155%$252.2M$849.5M200xas long as short
OKX ETH-USDT-SWAP+0.0093%8h2,729.4+0.169%$1.66B$10.94B100xas long as short
Lighter ETH+0.0096%1h2,728.4+0.131%$112.1M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,729.1+0.157%$23.4M$102.7M50xas long as short
Aevo ETH-PERPlong+0.0096%1h2,724.8long leg$4.9M$161K20x
Binance ETHUSDT+0.0098%8h2,729.4+0.170%$6.33B$16.18B150xas long as short
MEXC ETH_USDT+0.0099%8h2,729.1+0.158%$1.52B$2.58B500xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8+0.036%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.2+0.199%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.4+0.058%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.2+0.271%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.1+0.083%$31.9M$334.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8+0.036%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,726.7+0.068%$1.5M$16.2M25x
Bulk ETH-USD+0.0100%1h2,725.9+0.040%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.4+0.170%$3.27B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.8+0.182%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.7+0.142%$15.0M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.082%$133.2M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.6+0.104%$184.9M$681.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.8+0.110%$158.5M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,727.5+0.099%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.8+0.111%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2+0.124%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,727+0.079%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.088%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,729+0.154%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.1+0.122%$263.0M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,728.1+0.121%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.7+0.070%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729+0.152%$50.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.6+0.067%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,729.4+0.167%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0194%1h2,725.9+0.042%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.4+0.131%$83.3M$311.2M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,728.4+0.130%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0392%8h2,728.3+0.128%$282.1M$175.1M150xas long as short