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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.005%
Price spread now: Katana Perps against Aevo+0.101%7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.018%+$2 on $10k
Price spread, last 3 days (all we have)+0.164%+$16 · spread now +0.101%, 7d avg +0.064%
Together, before fees+0.182%+$18 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 Katana Perps is 0.037% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,768.40.0040pay 0.0005% / 1h49m 50s$5.0M$636K20x
ShortKatana Perps ETH-USD2,771.20.0100get 0.0100% / 8h2h 49m$490K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$12.56
Price spread: +0.101% → +0.064%
$3.68
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$3.56
Costs to cover
0.198%
Break-even
9.0 days
Slippage unknown: Aevo: live order book, 4 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 4 min ago5.14 bp13.1 bp −$1397.4 bp −$974doesn't fitdoesn't fit
Sell Katana Perps no order-book sample—————
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,771.1+0.098%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0176%1h2,772.5+0.147%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.227%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.4+0.072%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.097%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.299%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.2+0.100%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,771.5+0.110%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6+0.080%$22.4M—200xas long as short
Phemex ETHUSDT+0.0021%8h2,769.1+0.025%$266.4M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769.3+0.033%$1.70B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.5+0.074%$13.0M—200xas long as short
Aftermath Perps ETHUSD+0.0039%1h2,774.9+0.235%$29K$22K20xas long as short
Aevo ETH-PERPlong+0.0040%1h2,768.4long leg$5.0M$636K20x
MEXC ETH_USDT+0.0043%8h2,769.4+0.035%$1.60B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,769.4+0.035%$255.7M$999.2M200xas long as short
Binance ETHUSDT+0.0043%8h2,769.6+0.042%$6.44B$17.26B150xas long as short
Gate ETH_USDT+0.0056%8h2,769.6+0.044%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0071%1h2,769.2+0.028%$55.1M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,769.4+0.036%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0080%1h2,769.5+0.039%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8+0.051%$141.1M$319.9M—as long as short
Lighter ETH+0.0096%1h2,769.9+0.054%$115.1M$508.4M50xas long as short
Lighter RH ETH+0.0096%1h2,771.2+0.101%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.9+0.125%—$42.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.1+0.134%$15.9M$11.0M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,771.2+0.101%$490K$2.7M50x
Nado ETH-PERP+0.0100%1h2,770.9+0.089%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.4+0.144%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.109%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.5+0.041%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.1+0.097%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.2+0.171%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.087%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.3+0.032%$426.0M$745.3M100xas long as short
BingX ETH-USDC+0.0100%8h2,769.5+0.040%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.8+0.049%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.164%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.312%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.101%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.3+0.104%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.5+0.148%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.085%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.1+0.134%$42.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1+0.061%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,769.1+0.025%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,768.9+0.018%$31.6M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771+0.093%$60.1M$4.65B50xas long as short
Kalshi KXETHPERP+0.0113%8h2,771.4+0.108%$8.6M$671.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,772.6+0.151%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,771.4+0.107%$259.0M$223.4M50xas long as short
BloFin ETH-USDT+0.0163%8h2,769+0.021%$286.4M$197.5M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,769.4+0.035%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.8+0.086%$88.5M$331.0M100xas long as short
Hibachi ETH/USDT-P+0.0376%1h2,771.8+0.120%$273K$1.5M20xas long as short