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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+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.023%
Price spread now: Hyperliquid against Aevo+0.182%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Long on AevoShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.182%, 7d avg +0.131%
Together, before fees+0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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 Hyperliquid is 0.051% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,747.30.0056pay 0.0007% / 1h51m 34s$4.9M$163K20x
ShortHyperliquid ETH2,752.30.0100get 0.0013% / 1h51m 34s$3.13B$2.14B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$9.24
Price spread: +0.182% → +0.131%
$5.14
Slippage, 4 orders
−$15.9
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$26.52
Costs to cover
0.409%
Break-even
27.1 days
Slippage from Aevo: live order book, 3 min ago; Hyperliquid: live order book, 13 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, 3 min ago3.28 bp11.6 bp −$1230.3 bp −$30346.1 bp −$4,610doesn't fit
Sell Hyperliquid live order book, 13 min ago0.36 bp4.9 bp −$54.9 bp −$495.1 bp −$5097.0 bp −$3,500

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
ApeX Omni ETHUSDT−0.0449%1h2,745.8−0.054%$8.7M$31.5M100xas long as short
Perpl ETH−0.0447%43m2,750+0.098%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.7+0.088%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.105%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.1+0.065%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.321%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.119%$10.9M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.6+0.047%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,750.2+0.106%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0028%8h2,749.7+0.087%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0035%8h2,748.1+0.029%$1.67B$11.07B100xas long as short
HTX ETH-USDT+0.0038%8h2,749.1+0.064%$1.07B$1.23B200xas long as short
Aster ETHUSDT+0.0046%8h2,750.2+0.104%$255.9M$854.7M200xas long as short
MEXC ETH_USDT+0.0055%8h2,749.5+0.082%$1.58B$2.53B500xas long as short
Aevo ETH-PERPlong+0.0056%1h2,747.3long leg$4.9M$163K20x
Binance ETHUSDT+0.0058%8h2,749.8+0.090%$6.37B$16.32B150xas long as short
Gate ETH_USDT+0.0058%8h2,748.9+0.059%$3.33B$8.72B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,750.4+0.113%$385.0M$607.1M100xas long as short
Bitget ETHUSDT+0.0083%8h2,749.5+0.081%$2.07B$2.86B150xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,751+0.133%$258.8M$202.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.2+0.144%$59.6M$4.39B50xas long as short
Aftermath Perps ETHUSD+0.0089%1h2,750+0.099%$30K$21K20xas long as short
Variational Omni ETH+0.0095%8h2,741.6−0.208%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,749.1+0.067%$113.2M$438.9M50xas long as short
Lighter RH ETH+0.0096%1h2,750.9+0.133%$25.0M$105.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750.1+0.101%—$35.7M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.7+0.161%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.3+0.073%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750.1+0.101%$14.0M$113.3M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,752.3+0.182%$3.13B$2.14B25x
Pacifica ETH+0.0100%1h2,749.3+0.075%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748.5+0.045%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.1+0.066%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.7+0.124%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.195%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749.7+0.089%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,743.2−0.147%$183.8M$733.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.007%$159.8M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,745.9−0.050%$21.2M$65.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.092%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.9+0.095%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7+0.051%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.3+0.074%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.2+0.143%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,749.1+0.067%$963K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.6+0.084%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,749.8+0.091%$267.4M$66.2M150xas long as short
Extended ETH-USD+0.0104%1h2,749+0.061%$30.5M$74.2M50xas long as short
Kalshi KXETHPERP+0.0130%8h2,750+0.099%$7.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0160%8h2,751.5+0.154%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,748.1+0.029%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,747.3+0.002%$286.1M$178.5M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.5−0.101%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.3+0.072%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751+0.135%$93.1M$319.7M100xas long as short