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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−0.0026%/8h= −2.9% APRpaid last 24h −0.012%
Price spread now: OKX against Aevo+0.042%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Long on AevoShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.042%, 7d avg +0.053%
Together, before fees+0.143%+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,768.20.0048pay 0.0006% / 1h51m 50s$5.0M$636K20x
ShortOKX ETH-USDT-SWAP2,769.40.0022get 0.0022% / 8h2h 51m$1.70B$11.90B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$5.48
Price spread: +0.042% → +0.053%
−$1.07
Slippage, 4 orders
−$24.21
Fee Aevo: 8 bp × 2 orders
−$16
Fee OKX: 5 bp × 2 orders
−$10
Net
−$56.76
Costs to cover
0.502%
Break-even
never at this rate
Slippage from Aevo: live order book, 2 min ago; OKX: 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 ago5.14 bp13.1 bp −$1397.4 bp −$974doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$506.9 bp −$6949.1 bp −$4,557

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+0.101%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0318%1h2,773.3+0.182%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.234%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.6+0.158%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,770.8+0.093%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.307%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771+0.100%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,773+0.172%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.9+0.132%$22.4M—200xas long as short
Phemex ETHUSDT+0.0022%8h2,771+0.101%$266.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPshort+0.0022%8h2,769.4+0.042%$1.70B$11.90B100x
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.3+0.148%$13.0M—200xas long as short
Aftermath Perps ETHUSD+0.0034%1h2,776.8+0.309%$29K$22K20xas long as short
Binance ETHUSDT+0.0044%8h2,769.6+0.050%$6.44B$17.26B150xas long as short
MEXC ETH_USDT+0.0044%8h2,769.6+0.050%$1.59B$2.62B500xas long as short
Aster ETHUSDT+0.0046%8h2,769.6+0.049%$255.7M$999.4M200xas long as short
Aevo ETH-PERPlong+0.0048%1h2,768.2long leg$5.0M$636K20x
Gate ETH_USDT+0.0056%8h2,769.6+0.049%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0070%1h2,770.8+0.093%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,769+0.029%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0081%1h2,771.2+0.108%$188K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.272%$140.7M$320.1M—as long as short
Lighter ETH+0.0096%1h2,770.8+0.095%$115.2M$507.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.146%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.7+0.163%—$42.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.6+0.159%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.6+0.122%$492K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.8+0.094%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.6+0.158%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.9+0.133%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.5+0.046%$2.51B$4.66B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.1+0.104%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773+0.172%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.444%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.4+0.080%$426.0M$745.4M100xas long as short
BingX ETH-USDT+0.0100%8h2,769.6+0.048%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.9+0.096%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.5+0.227%$177.5M$786.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.319%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,773.9+0.205%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.3+0.146%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.158%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.8+0.129%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.5+0.191%$42.9M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.6+0.087%$972K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.5+0.082%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,769+0.028%$31.6M$76.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.2+0.145%$60.4M$4.66B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,772.2+0.144%$8.6M$671.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.7+0.161%$258.9M$223.5M50xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,773.6+0.196%$32.5M$11.7M100xas long as short
BloFin ETH-USDT+0.0164%8h2,773.2+0.179%$287.2M$197.4M150xas long as short
Reya ETHRUSDPERP+0.0193%1h2,770.4+0.080%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,772.2+0.142%$88.5M$331.1M100xas long as short
Hibachi ETH/USDT-P+0.0368%1h2,774.6+0.231%$273K$1.5M20xas long as short