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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 02:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.007%
Price spread now: edgeX against Aevo−0.094%72s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$540.544% of the position
Long on AevoShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.120%+$12 on $10k
Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.094%, 7d avg +0.038%
Together, before fees+0.280%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.133% cheaper against Aevo than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.038%). If the spread goes back, that is −$13 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.120% in total) that is about 7.7 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,7470.0072pay 0.0009% / 1h32m 20s$4.9M$168K20x
ShortedgeX ETHUSDC2,744.40.0100get 0.0050% / 4h2h 32m$181.5M$729.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$5.88
Price spread: −0.094% → +0.038%
−$13.26
Slippage, 4 orders
−$29.44
Fee Aevo: 8 bp × 2 orders
−$16
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$61.82
Costs to cover
0.544%
Break-even
80.6 days
Slippage from Aevo: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago14.10 bp22.3 bp −$2234.3 bp −$343doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$5045.8 bp −$2,912

ETH on 54 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%43m2,748.9+0.069%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.9−0.002%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.3+0.086%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.074%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.5+0.093%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4−0.020%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.089%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.3+0.086%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.4+0.089%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0032%8h2,749.2+0.082%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0042%8h2,745.1−0.069%$1.06B$1.22B200xas long as short
OKX ETH-USDT-SWAP+0.0042%8h2,748.9+0.069%$1.69B$11.04B100xas long as short
Aster ETHUSDT+0.0061%8h2,749+0.075%$253.6M$861.5M200xas long as short
MEXC ETH_USDT+0.0071%8h2,749.8+0.102%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,749.4+0.088%$6.36B$16.29B150xas long as short
Aevo ETH-PERPlong+0.0072%1h2,747long leg$4.9M$168K20x
KuCoin ETHUSDTM+0.0073%8h2,749.2+0.082%$381.7M$608.1M100xas long as short
Gate ETH_USDT+0.0088%8h2,749.7+0.098%$3.39B$8.86B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.6+0.094%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0090%8h2,748.6+0.059%$2.07B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,749.4+0.087%$112.9M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.107%$24.9M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.6+0.059%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753+0.219%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.4+0.053%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.9+0.033%$14.0M$113.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,751.6+0.169%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.3+0.085%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749+0.075%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.5+0.020%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.7+0.099%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.6−0.085%$15.0M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.087%$133.0M$346.7M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,744.4−0.094%$181.5M$729.2M100x
GRVT ETH_USDT_Perp+0.0100%8h2,745.5−0.053%$159.7M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,746.2−0.028%$21.2M$67.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.104%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.2+0.082%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.3+0.085%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.2+0.082%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.2+0.118%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749+0.075%$964K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.1+0.042%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.7−0.081%$266.8M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.110%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,746.4−0.020%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,748+0.038%$30.4M$74.4M50xas long as short
Kalshi KXETHPERP+0.0137%8h2,746.5−0.017%$7.8M$674.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0143%1h2,749.5+0.092%$258.5M$201.5M50xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,751.2+0.154%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,746.5−0.016%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7−0.009%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.3+0.084%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.9+0.070%$90.0M$317.0M100xas long as short