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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 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.005%
Price spread now: Aevo against Katana Perps−0.120%7-day average −0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.018%−$2 on $10k
Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.120%, 7d avg −0.063%
Together, before fees−0.052%−$5 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 0.057% cheaper against Katana Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,766.80.0100pay 0.0100% / 8h2h 34m$480K$2.7M50x
ShortAevo ETH-PERP2,763.50.0048get 0.0006% / 1h34m 33s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Katana Perps. 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
−$10.88
Price spread: −0.120% → −0.063%
−$5.66
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$36.34
Costs to cover
0.198%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; Aevo: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Aevo live order book, 5 min ago3.06 bp19.2 bp −$1931.2 bp −$31248.7 bp −$4,872doesn't fit
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,768.1+0.048%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.025%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.9+0.040%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,767+0.007%$171K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0052%1h2,767.5+0.027%$8.8M$32.5M100xas long as short
Phoenix ETH−0.0023%1h2,767.2+0.014%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,767.4+0.022%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,768.8+0.073%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767+0.008%$22.3M—200xas long as short
BingX ETH-USDC+0.0016%8h2,767.6+0.027%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,766−0.029%$1.71B$11.84B100xas long as short
Aftermath Perps ETHUSD+0.0022%1h2,767.4+0.021%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,766.9+0.005%$13.1M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,766.8+0.001%$266.3M$66.0M150xas long as short
Aster ETHUSDT+0.0037%8h2,767.5+0.025%$255.8M$995.1M200xas long as short
Deribit ETH-PERPETUAL+0.0039%1h2,767.1+0.012%$258.4M$224.5M50xas long as short
MEXC ETH_USDT+0.0046%8h2,766.4−0.016%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0046%8h2,767.1+0.010%$6.42B$17.19B150xas long as short
Aevo ETH-PERPshort+0.0048%1h2,763.5−0.120%$5.0M$636K20x
Gate ETH_USDT+0.0065%8h2,768+0.042%$3.28B$9.61B200xas long as short
Bitget ETHUSDT+0.0073%8h2,766.2−0.021%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0083%1h2,766−0.029%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.100%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,768.3+0.052%$115.3M$511.5M50xas long as short
Lighter RH ETH+0.0096%1h2,769.9+0.110%$25.3M$122.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,765.8−0.037%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.9+0.041%$15.9M$10.9M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,766.8long leg$480K$2.7M50x
Nado ETH-PERP+0.0100%1h2,767.7+0.034%$14.7M$116.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.9+0.076%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.5+0.061%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,766.5−0.010%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7+0.033%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.4+0.094%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.046%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,766.6−0.008%$424.3M$741.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1+0.047%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,763.9−0.105%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.6+0.029%$160.9M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,765.2−0.058%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,767.3+0.019%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768+0.043%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766−0.027%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,768+0.044%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.2−0.093%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.2−0.058%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.3−0.018%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.3+0.018%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.3+0.018%$60.1M$4.62B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,766.1−0.025%$8.6M$671.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,768.2+0.049%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0166%8h2,766.1−0.025%$285.7M$194.8M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,765.3−0.055%$7.5M$995K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767+0.008%$87.9M$329.6M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,766.2−0.022%$280K$1.5M20xas long as short