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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h −0.011%
Price spread now: Kalshi against Aevo+0.092%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Long on AevoShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.092%, 7d avg +0.032%
Together, before fees−0.033%−$3 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 Kalshi is 0.060% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,750.10.0072pay 0.0009% / 1h27m 07s$4.9M$168K20x
ShortKalshi KXETHPERP2,752.60.0141get 0.0141% / 8h2h 27m$7.6M$674.6M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$14.4
Price spread: +0.092% → +0.032%
$5.98
Slippage, 4 orders
−$16.78
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$22.4
Costs to cover
0.428%
Break-even
17.9 days
Slippage from Aevo: live order book, 2 min ago; Kalshi: 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 ago3.84 bp12.8 bp −$1329.6 bp −$29684.9 bp −$8,493doesn't fit
Sell Kalshi live order book, 2 min ago0.36 bp5.4 bp −$57.3 bp −$7310.6 bp −$1,05917.1 bp −$8,531

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%43m2,753.1+0.111%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,753.1+0.110%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,752.7+0.096%$5.6M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,751.9+0.067%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.4−0.024%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,753.8+0.136%$10.8M$41.9M50xas long as short
ApeX Omni ETHUSDT+0.0003%1h2,750.4+0.014%$8.7M$31.5M100xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751.8+0.062%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,752.9+0.103%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,751+0.032%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0046%8h2,750.7+0.023%$1.69B$10.98B100xas long as short
HTX ETH-USDT+0.0052%8h2,750.7+0.024%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0068%8h2,751.5+0.052%$253.2M$857.5M200xas long as short
KuCoin ETHUSDTM+0.0072%8h2,750.8+0.026%$381.9M$607.1M100xas long as short
Aevo ETH-PERPlong+0.0072%1h2,750.1long leg$4.9M$168K20x
MEXC ETH_USDT+0.0075%8h2,750.6+0.019%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0077%8h2,751.3+0.044%$6.37B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.1+0.074%$59.1M$4.36B50xas long as short
Phemex ETHUSDT+0.0091%8h2,750.9+0.030%$267.4M$65.9M150xas long as short
Bitget ETHUSDT+0.0092%8h2,751.2+0.040%$2.08B$2.84B150xas long as short
Gate ETH_USDT+0.0094%8h2,751.6+0.054%$3.40B$8.87B200xas long as short
Lighter ETH+0.0096%1h2,751.2+0.041%$113.1M$442.6M50xas long as short
Lighter RH ETH+0.0096%1h2,752.5+0.087%$24.9M$107.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,753.6+0.128%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,758.3+0.299%$16.0M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,752.1+0.074%$470K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,751.4+0.050%$14.0M$112.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.4+0.121%$3.13B$2.13B25xas long as short
Pacifica ETH+0.0100%1h2,753.8+0.136%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.2+0.040%$2.46B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,752+0.070%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,753+0.108%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,750.5+0.015%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.095%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.1+0.003%$181.8M$700.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.1−0.070%$159.8M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,750−0.002%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.9+0.102%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,752.6+0.092%$10.8M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,751.7+0.059%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,752.2+0.077%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.3+0.118%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,751.6+0.054%$964K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.9+0.030%$54.8M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.223%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,749.3−0.029%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.7+0.022%$30.5M$74.1M50xas long as short
Deribit ETH-PERPETUAL+0.0139%1h2,752.3+0.080%$258.5M$200.2M50xas long as short
Kalshi KXETHPERPshort+0.0141%8h2,752.6+0.092%$7.6M$674.6M4.9x
Orderly PERP_ETH_USDC+0.0170%8h2,753.7+0.133%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,751.7+0.060%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.4−0.061%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,751.7+0.060%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.7+0.060%$90.0M$316.4M100xas long as short