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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: SoDEX against Aevo+0.101%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Long on AevoShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.101%, 7d avg +0.049%
Together, before fees−0.047%−$5 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: SoDEX is 0.052% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,734.90.0096pay 0.0012% / 1h1m 07s$4.9M$155K20x
ShortSoDEX ETH-USD2,737.70.0100get 0.0013% / 1h1m 07s$54.5M$187.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.84
Price spread: +0.101% → +0.049%
$5.19
Slippage, 4 orders
−$12.04
Fee Aevo: 8 bp × 2 orders
−$16
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$30.01
Costs to cover
0.360%
Break-even
257.1 days
Slippage from Aevo: live order book, 3 min ago; SoDEX: 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 ago1.74 bp10.2 bp −$1028.0 bp −$28046.3 bp −$4,625doesn't fit
Sell SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.6 bp −$55935.3 bp −$17.7K

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%43m2,737.9+0.107%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.027%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.2+0.083%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.7+0.102%$11.9M—200xas long as short
Phoenix ETH0.0000%1h2,737.3+0.086%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,738.2+0.118%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.9+0.106%$28.1M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,738.5+0.130%$187K$822K50xas long as short
Bullet ETH-USD+0.0015%1h2,737.5+0.092%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0022%8h2,737.5+0.095%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,738.6+0.133%—$18.4M—as long as short
Bybit ETHUSDT+0.0054%8h2,738.2+0.120%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1+0.042%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,738.6+0.132%$380.3M$573.4M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.3+0.121%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0078%8h2,738.6+0.134%$266.1M$65.0M150xas long as short
Aster ETHUSDT+0.0089%8h2,737.8+0.103%$251.1M$842.0M200xas long as short
MEXC ETH_USDT+0.0095%8h2,738.4+0.128%$1.55B$2.57B500xas long as short
Lighter ETH+0.0096%1h2,738.7+0.137%$113.1M$442.2M50xas long as short
Lighter RH ETH+0.0096%1h2,739.5+0.168%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.5+0.095%—$31.0M500xas long as short
Aevo ETH-PERPlong+0.0096%1h2,734.9long leg$4.9M$155K20x
Binance ETHUSDT+0.0097%8h2,737.9+0.110%$6.36B$15.88B150xas long as short
RISEx ETH/USDC+0.0099%1h2,738.9+0.143%$5.7M$11.7M25xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,741.6+0.245%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9+0.108%$501K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.9+0.107%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.3+0.196%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.7+0.137%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.8+0.068%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.7+0.136%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.047%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.5+0.131%$3.34B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.5+0.129%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.7+0.099%$15.1M$40.1M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3+0.087%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,735.2+0.009%$184.0M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6+0.060%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,736.2+0.046%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.5+0.131%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.2+0.156%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.9+0.108%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.5+0.166%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.1+0.078%$961K$11.3M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,737.7+0.101%$54.5M$187.6M40x
Extended ETH-USD+0.0104%1h2,736.9+0.073%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739.2+0.155%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,735.4+0.016%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0129%8h2,738+0.112%$6.7M$679.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0198%8h2,740.2+0.194%$32.2M$11.7M100xas long as short
Deribit ETH-PERPETUAL+0.0207%1h2,739.4+0.164%$260.1M$197.0M50xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737+0.074%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.6+0.133%$83.3M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,737.6+0.099%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2+0.083%$283.5M$175.9M150xas long as short