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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 23:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.012%
Price spread now: Aevo against OKX−0.132%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Long on OKXShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.132%, 7d avg −0.051%
Together, before fees+0.035%+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.082% cheaper against OKX than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.051%). If the spread goes back, that is −$8 on $10k: about 7.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,778.60.0019pay 0.0019% / 8h1h 39m$1.71B$11.84B100x
ShortAevo ETH-PERP2,774.90.0056get 0.0007% / 1h39m 45s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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
$7.73
Price spread: −0.132% → −0.051%
−$8.18
Slippage, 4 orders
−$14.71
Fee OKX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$41.16
Costs to cover
0.407%
Break-even
44.3 days
Slippage from OKX: 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 OKX live order book, 4 min ago0.02 bp5.0 bp −$55.9 bp −$596.6 bp −$6638.7 bp −$4,332
Sell Aevo live order book, 4 min ago3.69 bp18.7 bp −$1929.0 bp −$29050.9 bp −$5,091doesn'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−0.0447%43m2,780.3+0.062%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.069%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.075%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.105%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8+0.079%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,778−0.021%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4+0.063%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.159%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0004%8h2,780.4+0.063%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.116%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,779.6+0.036%—$17.4M—as long as short
OKX ETH-USDT-SWAPlong+0.0019%8h2,778.6long leg$1.71B$11.84B100x
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.110%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,780.1+0.055%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,781+0.087%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.074%$14.3M$117.8M50xas long as short
Aevo ETH-PERPshort+0.0056%1h2,774.9−0.132%$5.0M$636K20x
MEXC ETH_USDT+0.0058%8h2,779.5+0.031%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,779.7+0.041%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,778.7+0.004%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,779.2+0.022%$3.30B$9.57B200xas long as short
Lighter ETH+0.0096%1h2,781.6+0.109%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,782.6+0.144%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6+0.072%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,778.8+0.008%$2.52B$4.59B150xas long as short
HTX ETH-USDT+0.0096%8h2,781.1+0.089%$1.08B$1.31B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.094%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.079%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.3+0.097%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.075%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780+0.050%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.127%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.098%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.1+0.019%$426.4M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.5+0.102%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.111%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.062%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.075%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.074%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.061%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.092%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.129%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3+0.098%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.161%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6+0.034%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8+0.079%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,778.7+0.003%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.126%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.123%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0114%8h2,781.5+0.104%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.135%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.177%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.116%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.037%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.075%$7.4M$1.1M25xas long as short