ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.030%

Price spread now: GMX against Aevo+0.064%7-day average +0.093% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now +0.064%, 7d avg +0.093%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.028% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,775.1	0.0048	pay 0.0006% / 1h	58m 16s	$5.0M	$636K	20x
Short	GMX ETH/USD [ETH-USDC]	2,776.9	L +0.0027% / S +0.0009%	pay 0.0001% / 1h	58m 16s	$13.1M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$12.06
Price spread: +0.064% → +0.093%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: −$42.89
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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, 1 min ago	21.17 bp	29.2 bp −$29	29.2 bp −$292	48.1 bp −$4,811	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2,779.9	+0.175%	$291K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,783	+0.285%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,780.3	+0.188%	$5K	$2K	50x	as long as short
SoDEX ETH-USD	−0.0064%	1h	2,775.2	+0.004%	$55.3M	$228.5M	40x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,778.3	+0.116%	$173K	$1.2M	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,783.1	+0.289%	$796K	$3.4M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,779	+0.140%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,781	+0.214%	$13.0M	$45.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,776.9	+0.066%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0013%	8h	2,775.1	+0.001%	$267.2M	$66.0M	150x	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	+0.0021%	8h	2,775.5	+0.015%	$1.71B	$11.99B	100x	as long as short
GMX ETH/USD [ETH-USDC]short	L +0.0027% / S +0.0009%	1h	2,776.9	+0.064%	$13.1M	—	200x
Aftermath Perps ETHUSD	+0.0032%	1h	2,782.4	+0.264%	$29K	$22K	20x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,774.9	−0.005%	$6.46B	$17.37B	150x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,776.9	+0.064%	$1.61B	$2.60B	500x	as long as short
Aevo ETH-PERPlong	+0.0048%	1h	2,775.1	long leg	$5.0M	$636K	20x
Aster ETHUSDT	+0.0053%	8h	2,777.4	+0.083%	$256.8M	$1.00B	200x	as long as short
Gate ETH_USDT	+0.0053%	8h	2,777.1	+0.074%	$3.30B	$9.49B	200x	as long as short
ApeX Omni ETHUSDT	+0.0060%	1h	2,782.3	+0.259%	$10.6M	$30.9M	100x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,775.3	+0.007%	$2.10B	$3.18B	150x	as long as short
Variational Omni ETH	+0.0093%	8h	2,785.4	+0.373%	$141.2M	$320.4M	—	as long as short
Lighter ETH	+0.0096%	1h	2,776.1	+0.035%	$115.5M	$505.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.9	+0.067%	$25.5M	$121.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,781	+0.213%	$16.0M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.3	+0.152%	$494K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,778.1	+0.110%	$16.8M	$115.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,780.1	+0.181%	$3.22B	$2.40B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,779.6	+0.163%	$31.3M	$281.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,775.7	+0.023%	$2.52B	$4.67B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,778.7	+0.130%	$2.9M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,781.2	+0.220%	$2.9M	$17.6M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,780.5	+0.196%	$165.0M	$263.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,778.2	+0.114%	$427.2M	$749.9M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,775.9	+0.030%	—	$1.19B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,780.1	+0.181%	$15.5M	$42.5M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	+0.264%	$178.0M	$787.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,782.1	+0.254%	$161.8M	$97.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,781.9	+0.246%	$21.5M	$57.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,779.4	+0.155%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779.7	+0.166%	$10.8M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,776.2	+0.041%	$188K	$1.8M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777	+0.068%	$21K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,777.5	+0.087%	$973K	$14.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,774.8	−0.011%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775	−0.002%	$31.7M	$77.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,779.9	+0.175%	—	$46.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.6	+0.055%	$60.3M	$4.68B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0110%	1h	2,777.5	+0.086%	$258.9M	$224.3M	50x	as long as short
Kalshi KXETHPERP	+0.0112%	8h	2,778.1	+0.109%	$8.6M	$673.6M	4.9x	as long as short
Derive ETH-PERP	+0.0115%	1h	2,778.1	+0.110%	$43.0M	$30.0M	15x	as long as short
Orderly PERP_ETH_USDC	+0.0127%	8h	2,778.9	+0.136%	$32.6M	$11.6M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,780.4	+0.192%	$287.3M	$198.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0195%	1h	2,776.4	+0.049%	$7.5M	$1.0M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,776.4	+0.047%	$88.6M	$334.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0344%	1h	2,782.6	+0.271%	$274K	$1.6M	20x	as long as short