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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 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Aevo against Arcus−0.068%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Long on ArcusShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.068%, 7d avg −0.096%
Together, before fees−0.079%−$8 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: Aevo is 0.028% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,726.70.0100pay 0.0013% / 1h50m 53s$1.5M$16.2M25x
ShortAevo ETH-PERP2,724.80.0096get 0.0012% / 1h50m 53s$4.9M$161K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Arcus. 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: −0.068% → −0.096%
$2.79
Slippage, 4 orders
−$14.47
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$33.02
Costs to cover
0.350%
Break-even
never at this rate
Slippage from Arcus: live order book, 3 min ago; Aevo: 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 Arcus live order book, 3 min ago0.02 bp2.3 bp −$22.7 bp −$276.7 bp −$669doesn't fit
Sell Aevo live order book, 3 min ago2.92 bp18.1 bp −$1827.5 bp −$27540.2 bp −$4,017doesn'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−0.0112%43m2,725.6−0.039%$287K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.4−0.010%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,727.4+0.027%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,729.2+0.093%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.3+0.022%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729.8+0.115%$815K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,726.9+0.008%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.012%$6.7M$692.1M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.1+0.051%$261.8M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,727.3+0.023%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,727.2+0.020%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.4−0.010%$191K$892K50xas long as short
BingX ETH-USDC+0.0034%8h2,728+0.050%—$18.6M—as long as short
Bybit ETHUSDT+0.0039%8h2,729.3+0.096%$2.35B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,730.2+0.129%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0078%8h2,728.8+0.080%$375.3M$576.1M100xas long as short
SunX ETH-USDT+0.0087%8h2,725.3−0.049%$955K$11.1M100xas long as short
SoDEX ETH-USD+0.0090%1h2,727.3+0.023%$54.3M$187.5M40xas long as short
Aster ETHUSDT+0.0090%8h2,729+0.086%$252.2M$849.5M200xas long as short
OKX ETH-USDT-SWAP+0.0093%8h2,729.4+0.100%$1.66B$10.94B100xas long as short
Lighter ETH+0.0096%1h2,728.4+0.063%$112.1M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,729.1+0.089%$23.4M$102.7M50xas long as short
Aevo ETH-PERPshort+0.0096%1h2,724.8−0.068%$4.9M$161K20x
Binance ETHUSDT+0.0098%8h2,729.4+0.102%$6.33B$16.18B150xas long as short
MEXC ETH_USDT+0.0099%8h2,729.1+0.089%$1.52B$2.58B500xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8−0.032%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.2+0.131%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.4−0.010%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.2+0.203%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.1+0.014%$31.9M$334.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.032%$2.7M$16.8M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,726.7long leg$1.5M$16.2M25x
Bulk ETH-USD+0.0100%1h2,725.9−0.028%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.4+0.102%$3.27B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.8+0.113%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.7+0.073%$15.0M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.013%$133.2M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.6+0.036%$184.9M$681.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.8+0.042%$158.5M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,727.5+0.030%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.8+0.043%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2+0.056%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,727+0.011%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.019%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,729+0.086%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.1+0.053%$263.0M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,728.1+0.052%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.7+0.002%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729+0.084%$50.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.6−0.001%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,729.4+0.099%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0194%1h2,725.9−0.027%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.4+0.063%$83.3M$311.2M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,728.4+0.062%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0392%8h2,728.3+0.060%$282.1M$175.1M150xas long as short