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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.004%
Price spread now: Bybit against Aevo+0.068%59s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.439% of the position
Long on AevoShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.115%+$12 · spread now +0.068%, 7d avg +0.060%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,738.80.0088pay 0.0011% / 1h55m 30s$4.9M$154K20x
ShortBybit ETHUSDT2,740.70.0100get 0.0100% / 8h4h 55m$2.43B$4.18B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$2.52
Price spread: +0.068% → +0.060%
$0.79
Slippage, 4 orders
−$16.91
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$40.59
Costs to cover
0.439%
Break-even
119.8 days
Slippage from Aevo: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago7.71 bp16.3 bp −$1650.2 bp −$502doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.02 bp5.5 bp −$65.5 bp −$555.9 bp −$5888.0 bp −$3,984

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%43m2,739.8+0.034%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.092%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742+0.116%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.7+0.068%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.081%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.8+0.072%$182K$834K50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,740.8+0.071%$25.4M—200xas long as short
Phoenix ETH+0.0017%1h2,739+0.006%$832K$2.9M25xas long as short
BingX ETH-USDC+0.0055%8h2,740.1+0.046%—$18.4M—as long as short
Bullet ETH-USD+0.0067%1h2,740+0.044%$181K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,739.3+0.017%$1.69B$10.60B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,740.4+0.057%$380.9M$573.7M100xas long as short
SoDEX ETH-USD+0.0073%1h2,741.3+0.090%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,740.5+0.061%$253.5M$840.5M200xas long as short
MEXC ETH_USDT+0.0088%8h2,739.8+0.035%$1.56B$2.52B500xas long as short
Aevo ETH-PERPlong+0.0088%1h2,738.8long leg$4.9M$154K20x
Binance ETHUSDT+0.0091%8h2,740.3+0.054%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,740.6+0.065%$112.4M$430.5M50xas long as short
Lighter RH ETH+0.0096%1h2,742.2+0.121%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.080%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.3+0.090%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.211%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.3+0.054%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.3+0.052%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.3+0.090%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,740.9+0.075%$31.7M$335.1M50xas long as short
Bybit ETHUSDTshort+0.0100%8h2,740.7+0.068%$2.43B$4.18B150x
Ondo Perps ETH-USD.P+0.0100%1h2,741+0.079%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.3+0.091%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.032%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.6+0.063%$3.39B$8.67B200xas long as short
Bitget ETHUSDT+0.0100%8h2,740+0.042%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.6+0.100%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.077%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.9−0.143%$181.8M$664.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.054%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.142%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,742+0.116%$21.2M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.5+0.060%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.3+0.090%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.2+0.159%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.9+0.076%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,741.5+0.096%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.7+0.103%$266.4M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,739.6+0.029%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,743.2+0.159%$53.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,740.4+0.057%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,740.7+0.068%$7.6M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,743.1+0.156%$260.0M$194.9M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,743.8+0.182%$32.3M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.043%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3+0.125%$86.0M$309.8M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,739.1+0.009%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.7+0.142%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.4134%1h2,742.4+0.131%$21K$20K25xas long as short