ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.029%

Price spread now: Aevo against Hibachi−0.261%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Hibachi Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.261%, 7d avg −0.093%

Together, before fees+0.400%+ Points / potential airdropHibachi: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.169% cheaper against Hibachi than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.093%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,782.2	0.0120	pay 0.0015% / 1h	38m 42s	$279K	$1.5M	20x
Short	Aevo ETH-PERP	2,774.9	0.0064	get 0.0008% / 1h	38m 42s	$5.0M	$636K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hibachi. 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

Position, each leg$Hold fordaysFee HibachibpFee AevobpOrdersPrice spread, now −0.261%Rate

Funding earned: −$11.76
Price spread: −0.261% → −0.093%: −$16.88
Slippage, 4 orders: −$16.79
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$70.43
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Hibachi: live order book, just now; Aevo: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hibachi live order book, just now	0.02 bp	6.2 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Aevo live order book, just now	2.81 bp	18.7 bp −$19	30.2 bp −$302	47.7 bp −$4,766	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,777.5	−0.169%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.2	−0.181%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778	−0.151%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.2	−0.108%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,778	−0.151%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0025%	1h	2,778.4	−0.137%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,778.4	−0.136%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,781.4	−0.029%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,778.2	−0.142%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0008%	8h	2,777.9	−0.154%	$270.2M	$68.5M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0015%	8h	2,777.4	−0.171%	—	$17.4M	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,778.3	−0.141%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,778	−0.150%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,779.1	−0.111%	$256.8M	$989.7M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,777.4	−0.173%	$182K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0052%	1h	2,777.5	−0.169%	$14.3M	$117.8M	50x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,777.7	−0.162%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0063%	8h	2,777.6	−0.164%	$6.45B	$17.11B	150x	as long as short
Aevo ETH-PERPshort	+0.0064%	1h	2,774.9	−0.261%	$5.0M	$636K	20x
Bitget ETHUSDT	+0.0073%	8h	2,776.6	−0.200%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,778.2	−0.143%	$3.29B	$9.58B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0092%	1h	2,779.2	−0.108%	$258.4M	$221.7M	50x	as long as short
Bybit ETHUSDT	+0.0095%	8h	2,778.1	−0.149%	$2.52B	$4.59B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,778.3	−0.140%	$115.1M	$497.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.4	−0.102%	$25.4M	$120.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,779.9	−0.081%	—	$41.5M	500x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,777.6	−0.167%	$1.08B	$1.32B	200x	as long as short
SoDEX ETH-USD	+0.0099%	1h	2,777.7	−0.161%	$55.3M	$228.8M	40x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,777.6	−0.164%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,778.1	−0.147%	$482K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,779.6	−0.093%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.3	−0.140%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.2	−0.179%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.4	−0.100%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	−0.031%	$166.9M	$248.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,778.4	−0.137%	$426.4M	$737.7M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.8	−0.124%	$15.2M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.7	−0.018%	$135.5M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,780.9	−0.046%	$180.2M	$779.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,779.5	−0.098%	$161.7M	$92.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,781	−0.044%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,780.7	−0.054%	$21.5M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,778.8	−0.122%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779.2	−0.108%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,778.3	−0.139%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.8	−0.088%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,776.8	−0.193%	$973K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778	−0.152%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,779.1	−0.110%	$60.3M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,779.7	−0.090%	$8.6M	$673.1M	4.9x	as long as short
Hibachi ETH/USDT-Plong	+0.0120%	1h	2,782.2	long leg	$279K	$1.5M	20x
Orderly PERP_ETH_USDC	+0.0138%	8h	2,780.1	−0.077%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,779.1	−0.111%	$86.3M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,778.4	−0.136%	$285.3M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0189%	1h	2,777.6	−0.166%	$7.4M	$1.1M	25x	as long as short