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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 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Pacifica against Aevo+0.121%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Long on AevoShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 4 days (all we have)+0.206%+$21 · spread now +0.121%, 7d avg +0.082%
Together, before fees+0.246%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.039% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,744.50.0096pay 0.0012% / 1h21m 03s$4.9M$154K20x
ShortPacifica ETH2,747.80.0100get 0.0013% / 1h21m 03s$31.7M$334.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0.84
Price spread: +0.121% → +0.082%
$3.95
Slippage, 4 orders
−$19.49
Fee Aevo: 8 bp × 2 orders
−$16
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$38.7
Costs to cover
0.435%
Break-even
329.5 days
Slippage from Aevo: live order book, 3 min ago; Pacifica: live order book, 3 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 ago4.98 bp13.8 bp −$1427.7 bp −$27746.0 bp −$4,603doesn't fit
Sell Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn't fitdoesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,748.1+0.131%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.066%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,746.6+0.076%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.5+0.107%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,747.7+0.116%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,746.7+0.080%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,742.3−0.080%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,748.2+0.135%$182K$863K50xas long as short
ApeX Omni ETHUSDT+0.0041%1h2,744−0.017%$8.8M$30.8M100xas long as short
BingX ETH-USDT+0.0053%8h2,746.3+0.067%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,746+0.055%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.2+0.062%$382.2M$576.2M100xas long as short
Bullet ETH-USD+0.0075%1h2,746.5+0.072%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,748.1+0.131%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,746.4+0.068%$253.4M$841.5M200xas long as short
MEXC ETH_USDT+0.0095%8h2,746.1+0.059%$1.56B$2.55B500xas long as short
Binance ETHUSDT+0.0095%8h2,746.1+0.060%$6.38B$15.66B150xas long as short
Lighter ETH+0.0096%1h2,746.2+0.062%$113.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,747.6+0.113%$24.6M$104.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.8+0.082%—$30.5M500xas long as short
Aevo ETH-PERPlong+0.0096%1h2,744.5long leg$4.9M$154K20x
Coinbase International ETH-PERP-INTX+0.0096%1h2,748+0.127%$58.3M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,752.3+0.284%$16.0M$7.9M50xas long as short
SoDEX ETH-USD+0.0100%1h2,745.8+0.047%$54.7M$187.6M40xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.3+0.102%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.5+0.111%$13.9M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.5+0.146%$3.12B$2.06B25xas long as short
Pacifica ETHshort+0.0100%1h2,747.8+0.121%$31.7M$334.4M50x
Bybit ETHUSDT+0.0100%8h2,746.3+0.066%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.8+0.084%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,748.1+0.131%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.080%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.4+0.071%$3.39B$8.75B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.3+0.064%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.8+0.048%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8+0.047%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,741−0.128%$182.2M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9+0.014%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,745.1+0.022%$21.2M$67.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,748+0.127%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.7+0.153%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,747.7+0.118%$41.5M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.2+0.098%$964K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.2+0.060%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747.2+0.097%$267.1M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.4+0.033%$30.6M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0127%1h2,744.7+0.007%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747.1+0.095%$7.8M$669.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,747.5+0.107%$259.8M$196.6M50xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,748.7+0.153%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.9+0.088%$86.7M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,747+0.092%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,746+0.055%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0255%1h2,746.8+0.082%$21K$20K25xas long as short
BloFin ETH-USDT+0.0326%8h2,745.7+0.045%$285.1M$181.1M150xas long as short