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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 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Aevo against Bulk−0.084%7-day average −0.084% · 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−$40as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Long on BulkShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.022%−$2 on $10k
Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.084%, 7d avg −0.084%
Together, before fees−0.304%−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,743.50.0100pay 0.0013% / 1h45m 18s$165.1M$304.9M25x
ShortAevo ETH-PERP2,741.20.0080get 0.0010% / 1h45m 18s$4.9M$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bulk. 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
−$4.2
Price spread: −0.084% → −0.084%
−$0.02
Slippage, 4 orders
−$17.14
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$44.36
Costs to cover
0.401%
Break-even
never at this rate
Slippage from Bulk: live order book, 4 min ago; Aevo: live order book, 4 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 Bulk live order book, 4 min ago0.02 bp3.5 bp −$43.5 bp −$353.5 bp −$3524.2 bp −$2,099
Sell Aevo live order book, 4 min ago7.74 bp17.3 bp −$1723.7 bp −$23752.1 bp −$5,212doesn'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%43m2,742.9−0.021%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.6−0.070%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.043%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7+0.006%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.8−0.026%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8+0.008%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.107%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.1+0.021%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.50.000%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.8+0.009%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,743.3−0.010%$376.8M$597.6M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.2+0.024%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,743.6+0.004%$252.0M$841.2M200xas long as short
Aevo ETH-PERPshort+0.0080%1h2,741.2−0.084%$4.9M$159K20x
MEXC ETH_USDT+0.0087%8h2,743.7+0.006%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0088%8h2,743.6+0.004%$6.38B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,742.4−0.041%$112.8M$431.7M50xas long as short
Lighter RH ETH+0.0096%1h2,743.2−0.011%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3−0.081%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.049%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.50.000%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4−0.005%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.7+0.115%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3−0.008%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6+0.004%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.5+0.072%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,742.9−0.023%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744+0.018%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.3−0.081%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.2+0.024%$2.7M$16.0M25xas long as short
Bulk ETH-USDlong+0.0100%1h2,743.5long leg$165.1M$304.9M25x
Gate ETH_USDT+0.0100%8h2,743.8+0.008%$3.40B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.9+0.015%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.7−0.101%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.114%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.159%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.137%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.095%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.096%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6+0.039%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.016%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.079%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.108%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.014%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.057%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4−0.003%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7+0.007%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,743.1−0.014%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4−0.005%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0151%8h2,741.1−0.088%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.105%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9−0.022%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.038%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.5−0.002%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.097%$249K$1.4M20xas long as short