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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 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.007%
Price spread now: SunX against Aevo+0.056%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Long on AevoShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.056%, 7d avg +0.042%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,736.30.0088pay 0.0011% / 1h52m 35s$4.9M$154K20x
ShortSunX ETH-USDT2,737.80.0100get 0.0100% / 8h4h 52m$961K$11.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$2.52
Price spread: +0.056% → +0.042%
$1.39
Slippage, 4 orders
−$20.23
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 4 bp × 2 orders
−$8
Net
−$40.32
Costs to cover
0.442%
Break-even
119.0 days
Slippage from Aevo: live order book, 2 min ago; SunX: live order book, 7 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 ago4.91 bp13.8 bp −$1432.4 bp −$32448.6 bp −$4,859doesn't fit
Sell SunX live order book, 7 min ago0.62 bp4.8 bp −$55.1 bp −$517.6 bp −$756doesn'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
Perpl ETH−0.0447%43m2,738.4+0.078%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.147%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.6−0.025%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739+0.098%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.7+0.053%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736−0.010%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.180%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.2+0.106%$25.4M—200xas long as short
BingX ETH-USDC+0.0055%8h2,735.1−0.043%—$18.4M—as long as short
Bullet ETH-USD+0.0059%1h2,738.3+0.074%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0062%1h2,738.5+0.081%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,736.4+0.003%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,736.2−0.004%$380.3M$573.4M100xas long as short
Aster ETHUSDT+0.0084%8h2,737.9+0.061%$253.2M$840.3M200xas long as short
Aevo ETH-PERPlong+0.0088%1h2,736.3long leg$4.9M$154K20x
MEXC ETH_USDT+0.0091%8h2,735.2−0.040%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0092%8h2,736−0.012%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,736.5+0.006%$112.5M$431.5M50xas long as short
Lighter RH ETH+0.0096%1h2,737.8+0.053%$24.5M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.3+0.109%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.9−0.016%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.8+0.127%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.8−0.054%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.6−0.025%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,740+0.134%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737+0.026%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,736.3+0.001%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.5−0.065%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.5−0.028%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.163%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.1+0.066%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.4+0.003%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.5+0.079%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.171%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.131%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4+0.039%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.049%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.110%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.6+0.049%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.3+0.037%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.154%$41.4M$29.7M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,737.8+0.056%$961K$11.4M100x
HTX ETH-USDT+0.0100%8h2,738.4+0.077%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4+0.079%$266.1M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,734.1−0.079%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.3+0.148%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,740.1+0.140%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,739.2+0.106%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,741+0.173%$32.2M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,740.3+0.147%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4+0.077%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,739.4+0.115%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.8−0.019%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,740.3+0.148%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1989%1h2,739.3+0.111%$21K$20K25xas long as short