ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%

Price spread now: Bulk against Aevo+0.044%7-day average +0.081% · 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−$57as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Aevo Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.323%+$32 · spread now +0.044%, 7d avg +0.081%

Together, before fees+0.341%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.037% cheaper against Aevo than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.081%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.018% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,777.6	0.0048	pay 0.0006% / 1h	11m 32s	$5.0M	$652K	20x
Short	Bulk ETH-USD	2,778.8	0.0100	get 0.0013% / 1h	11m 32s	$165.9M	$263.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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

Position, each leg$Hold fordaysFee AevobpFee BulkbpOrdersPrice spread, now +0.044%Rate

Funding earned: $10.92
Price spread: +0.044% → +0.081%: −$3.72
Slippage, 4 orders: −$30.53
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$46.32
Costs to cover: 0.535%
Break-even: 36.7 days

Slippage from Aevo: live order book, 3 min ago; Bulk: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 3 min ago	9.84 bp	21.8 bp −$22	29.5 bp −$295	55.4 bp −$5,540	doesn't fit
Sell Bulk live order book, 3 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	4.6 bp −$465	5.9 bp −$2,954

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,779.4	+0.065%	$291K	$6.9M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,779	+0.051%	$5K	$2K	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,785.7	+0.292%	$796K	$3.5M	25x	as long as short
RISEx ETH/USDC	−0.0005%	1h	2,780.5	+0.105%	$5.8M	$12.2M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,780.6	+0.107%	$13.5M	$44.8M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,780.4	+0.101%	$173K	$1.2M	50x	as long as short
Injective ETH/USDC PERP	+0.0003%	1h	2,779.6	+0.072%	$119K	$22.5M	52x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,779.7	+0.077%	$22.5M	—	200x	as long as short
Phemex ETHUSDT	+0.0010%	8h	2,778.9	+0.046%	$267.7M	$66.3M	150x	as long as short
BingX ETH-USDT	+0.0018%	8h	2,779.9	+0.081%	—	$1.19B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0023%	8h	2,779.7	+0.074%	$1.70B	$11.93B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0010%	1h	2,779.5	+0.070%	$13.0M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0042%	1h	2,784.5	+0.250%	$29K	$22K	20x	as long as short
MEXC ETH_USDT	+0.0047%	8h	2,779.9	+0.082%	$1.57B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0047%	8h	2,779.8	+0.080%	$6.47B	$17.29B	150x	as long as short
Aevo ETH-PERPlong	+0.0048%	1h	2,777.6	long leg	$5.0M	$652K	20x
Aster ETHUSDT	+0.0057%	8h	2,779.5	+0.068%	$257.5M	$1.00B	200x	as long as short
Gate ETH_USDT	+0.0058%	8h	2,779.8	+0.079%	$3.30B	$9.66B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,779.6	+0.073%	$2.10B	$3.17B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,779.6	+0.071%	$116.1M	$523.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,780.9	+0.118%	$25.6M	$125.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,780.8	+0.116%	—	$48.1M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,783	+0.196%	$16.0M	$11.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,780.1	+0.090%	$494K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,778.8	+0.043%	$16.9M	$115.0M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,780	+0.087%	$31.4M	$276.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,779.7	+0.075%	$2.52B	$4.65B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,779.7	+0.076%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,782.1	+0.163%	$2.9M	$17.6M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,779.6	+0.071%	$428.5M	$748.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,779.2	+0.059%	$15.5M	$42.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,784.1	+0.236%	$142.1M	$318.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,779.4	+0.066%	$177.8M	$784.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,780.4	+0.101%	$161.7M	$98.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,779.4	+0.066%	$10.6M	$30.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,781.4	+0.137%	$21.5M	$57.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,779.9	+0.082%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,780.6	+0.108%	$10.8M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,778.7	+0.041%	$190K	$1.8M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,779.9	+0.084%	$21K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,778.1	+0.016%	$974K	$14.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,778.4	+0.029%	$55.3M	$228.5M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,778.6	+0.035%	$1.08B	$1.31B	200x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	2,778.8	+0.044%	$165.9M	$263.4M	25x
Deribit ETH-PERPETUAL	+0.0103%	1h	2,780.6	+0.108%	$259.1M	$223.6M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,779.6	+0.072%	$31.6M	$76.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,780.3	+0.097%	$60.3M	$4.68B	50x	as long as short
Derive ETH-PERP	+0.0106%	1h	2,781.4	+0.137%	$43.1M	$30.0M	15x	as long as short
Kalshi KXETHPERP	+0.0120%	8h	2,780.3	+0.097%	$8.5M	$668.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0123%	8h	2,781.9	+0.156%	$32.6M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0135%	1h	2,780	+0.087%	$88.6M	$333.8M	100x	as long as short
Hyperliquid ETH	+0.0156%	1h	2,781.3	+0.133%	$3.23B	$2.38B	25x	as long as short
BloFin ETH-USDT	+0.0167%	8h	2,779.7	+0.074%	$287.4M	$198.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,777.6	+0.001%	$7.5M	$1.0M	25x	as long as short
Hibachi ETH/USDT-P	+0.0296%	1h	2,781.7	+0.148%	$274K	$1.6M	20x	as long as short