ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0132%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.025%

Price spread now: Injective against Aevo+0.211%59s7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$930.929% of the position

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.211%, 7d avg +0.126%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.085% dearer against Aevo than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.126%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.209%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,738.9	0.0088	pay 0.0011% / 1h	44m 16s	$4.9M	$159K	20x
Short	Injective ETH/USDC PERP	2,744.7	−0.0044	pay 0.0005% / 1h	44m 16s	$118K	$22.5M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.211%Rate

Funding earned: −$27.7
Price spread: +0.211% → +0.126%: $8.53
Slippage, 4 orders: −$76.9
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$112.09
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from Aevo: live order book, 5 min ago; Injective: live order book, 5 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, 5 min ago	7.74 bp	15.8 bp −$16	33.7 bp −$337	49.8 bp −$4,978	doesn't fit
Sell Injective live order book, 5 min ago	15.66 bp	44.1 bp −$44	46.1 bp −$461	46.2 bp −$4,625	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	−0.0112%	43m	2,743.1	+0.152%	$305K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,742.7	+0.138%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERPshort	−0.0044%	1h	2,744.7	+0.211%	$118K	$22.5M	52x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,741.2	+0.084%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,742.9	+0.145%	$10.8M	$41.8M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,741.4	+0.091%	$22.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,740.6	+0.061%	$845K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,742.8	+0.142%	$182K	$917K	50x	as long as short
BingX ETH-USDC	+0.0047%	8h	2,741.4	+0.092%	—	$18.5M	—	as long as short
OKX ETH-USDT-SWAP	+0.0061%	8h	2,742.7	+0.137%	$1.69B	$10.57B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0063%	8h	2,741.4	+0.089%	$376.2M	$598.0M	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,742.4	+0.126%	$5.7M	$11.2M	25x	as long as short
Aster ETHUSDT	+0.0078%	8h	2,742.3	+0.122%	$252.2M	$841.3M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,742.4	+0.128%	$1.56B	$2.53B	500x	as long as short
Aevo ETH-PERPlong	+0.0088%	1h	2,738.9	long leg	$4.9M	$159K	20x
Binance ETHUSDT	+0.0088%	8h	2,741.9	+0.110%	$6.38B	$15.72B	150x	as long as short
Bullet ETH-USD	+0.0096%	1h	2,741.1	+0.078%	$182K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,742.3	+0.122%	$112.8M	$431.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743.7	+0.174%	$24.6M	$103.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,744.4	+0.201%	—	$30.9M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,742.8	+0.142%	$58.9M	$4.27B	50x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,740.8	+0.069%	$1.06B	$1.18B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,746.5	+0.278%	$16.1M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.4	+0.127%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,742.5	+0.129%	$13.9M	$106.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,743.8	+0.178%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,743.5	+0.166%	$31.6M	$334.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,742.6	+0.133%	$2.45B	$4.19B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,742.8	+0.142%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,742.9	+0.147%	$2.7M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.5	+0.168%	$165.1M	$304.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.7	+0.100%	$3.39B	$8.69B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.7	+0.102%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,743.2	+0.156%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.4	+0.054%	$132.4M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.2	+0.009%	$181.4M	$691.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.8	+0.031%	$159.3M	$82.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,740.9	+0.073%	$8.7M	$31.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.9	+0.072%	$21.2M	$69.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,743.1	+0.153%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,742.7	+0.138%	$11.0M	$8.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,742	+0.112%	$21K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743.5	+0.168%	$41.6M	$29.5M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.2	+0.083%	$961K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,741.5	+0.094%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,741.6	+0.096%	$266.7M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,741.2	+0.084%	$30.6M	$72.5M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0104%	1h	2,742.9	+0.145%	$258.8M	$195.8M	50x	as long as short
Aftermath Perps ETHUSD	+0.0132%	1h	2,743.1	+0.152%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0152%	8h	2,743.9	+0.182%	$7.8M	$668.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,744	+0.184%	$32.3M	$11.2M	100x	as long as short
BloFin ETH-USDT	+0.0208%	8h	2,742.9	+0.146%	$286.0M	$177.5M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,742.3	+0.125%	$87.3M	$310.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0225%	1h	2,741.3	+0.088%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,744.9	+0.219%	$250K	$1.4M	20x	as long as short