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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 03:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against Bullet−0.078%7-day average −0.056% · 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−$59as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Long on BulletShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.022%+$2 on $10k
Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.078%, 7d avg −0.056%
Together, before fees−0.069%−$7 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 0.022% cheaper against Bullet than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,741.10.0096pay 0.0012% / 1h43m 29s$182K$1.7M20x
ShortAevo ETH-PERP2,738.90.0088get 0.0011% / 1h43m 29s$4.9M$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bullet. 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
−$1.6
Price spread: −0.078% → −0.056%
−$2.22
Slippage, 4 orders
−$32.4
Fee Bullet: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$60.23
Costs to cover
0.564%
Break-even
never at this rate
Slippage from Bullet: live order book, 1 min ago; Aevo: live order book, 1 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 Bullet live order book, 1 min ago0.37 bp5.7 bp −$69.7 bp −$97doesn't fitdoesn't fit
Sell Aevo live order book, 1 min ago3.65 bp20.4 bp −$2026.3 bp −$26339.1 bp −$3,911doesn'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%43m2,743.1+0.074%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.7+0.024%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.133%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2+0.006%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,744.4+0.122%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.4+0.013%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.017%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,743.1+0.075%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,742.9+0.067%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,742.6+0.057%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,743.4+0.085%$383.8M$599.4M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.9+0.068%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0080%8h2,743.8+0.099%$252.4M$841.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,742.8+0.064%$1.56B$2.53B500xas long as short
Aevo ETH-PERPshort+0.0088%1h2,738.9−0.078%$4.9M$159K20x
Binance ETHUSDT+0.0089%8h2,742.6+0.058%$6.38B$15.72B150xas long as short
Bullet ETH-USDlong+0.0096%1h2,741.1long leg$182K$1.7M20x
Lighter ETH+0.0096%1h2,744+0.108%$112.8M$432.0M50xas long as short
Lighter RH ETH+0.0096%1h2,744.8+0.138%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.4+0.123%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,742.8+0.064%$58.9M$4.27B50xas long as short
HTX ETH-USDT+0.0097%8h2,740.8−0.009%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.6+0.203%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743+0.071%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.9+0.066%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.6+0.166%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.108%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.7+0.060%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.3+0.082%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.3+0.082%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.090%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.2+0.077%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.7+0.062%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.6+0.020%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.024%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.5+0.017%$182.2M$693.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.047%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,743.1+0.075%$8.9M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,742.5+0.053%$21.2M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.5+0.090%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.4+0.086%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,742+0.034%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,743.5+0.090%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.2+0.005%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,741.5+0.016%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.6+0.018%$266.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.1+0.040%$30.6M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,742.9+0.067%$258.8M$195.8M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,743.1+0.074%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.9+0.104%$7.8M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,744+0.106%$32.3M$11.2M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.068%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3+0.047%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,742.4+0.048%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.4+0.050%$249K$1.4M20xas long as short