ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.029%

Price spread now: Hibachi against Aevo+0.144%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Aevo Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.144%, 7d avg +0.093%

Together, before fees−0.283%+ Points / potential airdropHibachi: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hibachi is 0.052% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.229%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,778.2	0.0064	pay 0.0008% / 1h	38m 06s	$5.0M	$636K	20x
Short	Hibachi ETH/USDT-P	2,782.2	0.0120	get 0.0015% / 1h	38m 06s	$279K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.144%Rate

Funding earned: $11.76
Price spread: +0.144% → +0.093%: $5.16
Slippage, 4 orders: −$16.79
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$24.87
Costs to cover: 0.418%
Break-even: 21.8 days

Slippage from Aevo: live order book, 1 min ago; Hibachi: live order book, 1 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, 1 min ago	2.81 bp	11.3 bp −$11	30.5 bp −$305	49.8 bp −$4,983	doesn't fit
Sell Hibachi live order book, 1 min ago	0.02 bp	5.6 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit

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	2,779.7	+0.053%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,778.4	+0.009%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,777.5	−0.025%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.2	+0.036%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,779.6	+0.051%	$170K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0022%	1h	2,778.4	+0.008%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,778.4	+0.008%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,781.4	+0.116%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,780.7	+0.092%	$22.5M	—	200x	as long as short
Phemex ETHUSDT	+0.0010%	8h	2,778.1	−0.005%	$270.2M	$68.6M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0015%	8h	2,776.7	−0.055%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,776.9	−0.047%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,780.7	+0.089%	$13.2M	—	200x	as long as short
Bullet ETH-USD	+0.0039%	1h	2,779.9	+0.062%	$182K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,778.7	+0.018%	$256.8M	$989.8M	200x	as long as short
Nado ETH-PERP	+0.0058%	1h	2,779.8	+0.057%	$14.3M	$117.8M	50x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,777.8	−0.015%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0063%	8h	2,776.8	−0.050%	$6.44B	$17.11B	150x	as long as short
Aevo ETH-PERPlong	+0.0064%	1h	2,778.2	long leg	$5.0M	$636K	20x
Bitget ETHUSDT	+0.0072%	8h	2,776.8	−0.051%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0074%	8h	2,777	−0.043%	$3.29B	$9.58B	200x	as long as short
Bybit ETHUSDT	+0.0095%	8h	2,776.6	−0.057%	$2.52B	$4.59B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,778.4	+0.007%	$115.1M	$497.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.4	+0.045%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,779.2	+0.035%	—	$41.5M	500x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,778.6	+0.015%	$1.08B	$1.31B	200x	as long as short
KuCoin ETHUSDTM	+0.0099%	8h	2,777.7	−0.016%	$426.3M	$737.7M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,777.6	−0.020%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,778.8	+0.022%	$481K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.8	+0.022%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.3	+0.004%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.1	−0.039%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,780.3	+0.076%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.113%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.5	+0.013%	$15.2M	$44.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.7	+0.127%	$135.5M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,780.9	+0.098%	$180.2M	$779.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,779.5	+0.046%	$161.7M	$92.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,781	+0.100%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,780.7	+0.090%	$21.5M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,779.9	+0.062%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,781	+0.101%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,780	+0.066%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,781.1	+0.104%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,777.5	−0.023%	$974K	$14.0M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,778.6	+0.015%	$55.3M	$228.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,779.4	+0.045%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,779.8	+0.057%	$60.4M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0115%	8h	2,779.5	+0.047%	$8.7M	$673.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0117%	1h	2,780.3	+0.075%	$258.4M	$221.8M	50x	as long as short
Hibachi ETH/USDT-Pshort	+0.0120%	1h	2,782.2	+0.144%	$279K	$1.5M	20x
Orderly PERP_ETH_USDC	+0.0139%	8h	2,782.7	+0.164%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,779.7	+0.054%	$86.3M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,778.4	+0.008%	$285.3M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0189%	1h	2,779.7	+0.055%	$7.4M	$1.1M	25x	as long as short