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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%
Price spread now: Extended against Aevo+0.151%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Long on AevoShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.151%, 7d avg +0.027%
Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.124% dearer against Aevo than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,743.70.0072pay 0.0009% / 1h32m 28s$4.9M$168K20x
ShortExtended ETH-USD2,747.90.0104get 0.0013% / 1h32m 28s$30.4M$74.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$6.72
Price spread: +0.151% → +0.027%
$12.44
Slippage, 4 orders
−$28.81
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$30.65
Costs to cover
0.498%
Break-even
38.9 days
Slippage from Aevo: live order book, 2 min ago; Extended: 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$273.8 bp −$38010.7 bp −$5,326

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+0.187%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.9+0.115%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.3+0.203%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9+0.044%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.1+0.088%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.097%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.207%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.3+0.092%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.4+0.207%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0032%8h2,748.7+0.179%—$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+0.048%$1.06B$1.22B200xas long as short
OKX ETH-USDT-SWAP+0.0042%8h2,749.8+0.221%$1.69B$11.04B100xas long as short
Aster ETHUSDT+0.0061%8h2,748.6+0.178%$253.5M$861.4M200xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,746.6+0.103%$258.5M$202.0M50xas long as short
MEXC ETH_USDT+0.0071%8h2,749.1+0.196%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,749.3+0.202%$6.36B$16.29B150xas long as short
Aevo ETH-PERPlong+0.0072%1h2,743.7long leg$4.9M$168K20x
KuCoin ETHUSDTM+0.0073%8h2,748.6+0.179%$381.7M$608.1M100xas long as short
Gate ETH_USDT+0.0088%8h2,749.3+0.204%$3.39B$8.86B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,746.2+0.090%$58.8M$4.38B50xas long as short
Bitget ETHUSDT+0.0090%8h2,749.9+0.223%$2.08B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,749.4+0.205%$112.9M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.224%$24.9M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9+0.079%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753+0.336%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.4+0.170%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.9+0.151%$14.0M$113.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,751.6+0.287%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.3+0.203%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749.4+0.206%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.5+0.137%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.7+0.217%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.6+0.033%$15.0M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6+0.031%$133.0M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4+0.023%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.5+0.064%$159.7M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,746.2+0.090%$21.2M$67.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.222%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.2+0.199%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.8+0.074%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.2+0.091%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.3+0.128%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.9+0.041%$963K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.6+0.068%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.7+0.037%$266.8M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9+0.007%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746+0.083%$30K$21K20xas long as short
Extended ETH-USDshort+0.0104%1h2,747.9+0.151%$30.4M$74.6M50x
Kalshi KXETHPERP+0.0137%8h2,746.5+0.101%$7.8M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0167%8h2,748.3+0.166%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,746.5+0.101%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.108%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.3+0.201%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.7+0.073%$89.9M$317.5M100xas long as short