ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0282%/8h= −30.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.009%

Price spread now: Aevo against Kraken Futures−0.121%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Kraken Futures Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.121%, 7d avg −0.069%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aevo is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,751.7	0.0354	pay 0.0044% / 1h	29m 27s	$90.0M	$316.5M	100x
Short	Aevo ETH-PERP	2,748.3	0.0072	get 0.0009% / 1h	29m 27s	$4.9M	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.121%Rate

Funding earned: −$59.14
Price spread: −0.121% → −0.069%: −$5.17
Slippage, 4 orders: −$29.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$119.68
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Aevo: live order book, 5 min ago.

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 Kraken Futures live order book, 5 min ago	0.18 bp	5.7 bp −$6	6.5 bp −$65	8.8 bp −$884	11.9 bp −$5,970
Sell Aevo live order book, 5 min ago	14.10 bp	22.1 bp −$22	32.1 bp −$321	doesn't fit	doesn't fit

ETH on 54 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	2,751.1	−0.022%	$310K	$6.0M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.3	−0.086%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.5	−0.041%	$5.6M	$11.3M	25x	as long as short
ApeX Omni ETHUSDT	−0.0014%	1h	2,748.2	−0.125%	$8.7M	$31.6M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.5	−0.114%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,749.4	−0.082%	$848K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,751.2	−0.019%	$10.8M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,748.1	−0.130%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0016%	1h	2,750.5	−0.042%	$181K	$1.1M	50x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,747.9	−0.136%	—	$1.19B	—	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0045%	8h	2,747.4	−0.154%	$1.69B	$11.01B	100x	as long as short
HTX ETH-USDT	+0.0046%	8h	2,749.9	−0.065%	$1.07B	$1.21B	200x	as long as short
Aster ETHUSDT	+0.0064%	8h	2,749.9	−0.063%	$253.0M	$858.1M	200x	as long as short
Aevo ETH-PERPshort	+0.0072%	1h	2,748.3	−0.121%	$4.9M	$168K	20x
MEXC ETH_USDT	+0.0073%	8h	2,748.3	−0.121%	$1.56B	$2.56B	500x	as long as short
KuCoin ETHUSDTM	+0.0073%	8h	2,749.6	−0.077%	$381.2M	$605.9M	100x	as long as short
Binance ETHUSDT	+0.0074%	8h	2,748.6	−0.113%	$6.36B	$16.22B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,751.9	+0.009%	$59.1M	$4.38B	50x	as long as short
Bitget ETHUSDT	+0.0091%	8h	2,748.8	−0.105%	$2.07B	$2.85B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,751.4	−0.008%	$113.0M	$442.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,753	+0.048%	$24.9M	$107.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,751.5	−0.005%	—	$35.4M	500x	as long as short
Gate ETH_USDT	+0.0096%	8h	2,748.5	−0.116%	$3.39B	$8.86B	200x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,756.2	+0.165%	$15.9M	$8.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749.8	−0.068%	$469K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.2	−0.017%	$14.0M	$113.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,751.8	+0.005%	$3.13B	$2.12B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,751.8	+0.005%	$31.6M	$333.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,747.8	−0.142%	$2.46B	$4.33B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,750.4	−0.046%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,750.9	−0.026%	$2.8M	$16.5M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,750.6	−0.038%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,747.4	−0.154%	$133.1M	$346.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,747.9	−0.138%	$181.7M	$730.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,745.8	−0.213%	$159.7M	$84.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750	−0.061%	$21.3M	$67.8M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,749.6	−0.075%	$10.7M	$8.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,748.2	−0.126%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,750.6	−0.038%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,751.9	+0.007%	$41.8M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,749	−0.097%	$963K	$12.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,750.5	−0.042%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,750.4	−0.046%	$267.3M	$66.6M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.9	−0.281%	$165.5M	$306.7M	25x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,750.7	−0.034%	—	$869K	50x	as long as short
Aftermath Perps ETHUSD	+0.0103%	1h	2,748	−0.133%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,749.3	−0.085%	$30.5M	$74.1M	50x	as long as short
Kalshi KXETHPERP	+0.0138%	8h	2,749.9	−0.064%	$7.9M	$674.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0169%	8h	2,750.2	−0.055%	$32.3M	$11.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,750.4	−0.046%	$250K	$1.5M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0201%	1h	2,752	+0.013%	$258.5M	$200.4M	50x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,748.3	−0.122%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0219%	1h	2,748.3	−0.124%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0354%	1h	2,751.7	long leg	$90.0M	$316.5M	100x