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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:29 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.029%
Price spread now: Aevo against Perpl−0.112%7-day average −0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PerplShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.135%−$14 on $10k
Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.112%, 7d avg −0.075%
Together, before fees−0.131%+ Points / potential airdropPerpl: Active · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.037% cheaper against Perpl than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.075%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,770−0.0223get 0.0020% / 43m7m 15s$286K$6.9M8.3x
ShortAevo ETH-PERP2,766.90.0056get 0.0007% / 1h11m 15s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Perpl. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$58.64
Price spread: −0.112% → −0.075%
−$3.73
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Aevo: 8 bp × 2 orders
−$16
Net
$25.12
Costs to cover
0.298%
Break-even
4.0 days
Slippage unknown: Perpl: no order-book sample; Aevo: live order book, 3 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 Perpl no order-book sample—————
Sell Aevo live order book, 3 min ago2.64 bp18.5 bp −$1829.7 bp −$29746.9 bp −$4,692doesn't fit
Perpl: 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 ETHlong−0.0223%43m2,770long leg$286K$6.9M8.3x
RISEx ETH/USDC−0.0206%1h2,769.1−0.034%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.285%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5−0.018%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.018%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.3−0.025%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,770.8+0.030%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.065%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5−0.017%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,768.4−0.059%$1.70B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.6−0.015%$12.8M—200xas long as short
Phemex ETHUSDT+0.0029%8h2,768.5−0.053%$269.9M$68.9M150xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,771.6+0.059%$29K$22K20xas long as short
SoDEX ETH-USD+0.0031%1h2,768.4−0.057%$55.1M$228.9M40xas long as short
Aster ETHUSDT+0.0032%8h2,768.9−0.040%$255.6M$1.00B200xas long as short
Bullet ETH-USD+0.0038%1h2,768.9−0.039%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,770.2+0.007%$259.0M$222.1M50xas long as short
Aevo ETH-PERPshort+0.0056%1h2,766.9−0.112%$5.0M$636K20x
Binance ETHUSDT+0.0056%8h2,768.4−0.057%$6.45B$17.29B150xas long as short
MEXC ETH_USDT+0.0057%8h2,768.4−0.057%$1.62B$2.66B500xas long as short
Bitget ETHUSDT+0.0065%8h2,768.6−0.052%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,768.5−0.053%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,769.3−0.024%$420.7M$738.5M100xas long as short
Bybit ETHUSDT+0.0088%8h2,768.6−0.049%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,768.1−0.067%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.9−0.005%$60.1M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,768.6−0.049%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,768.9−0.038%$115.0M$500.6M50xas long as short
Lighter RH ETH+0.0096%1h2,770.6+0.022%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,769.7−0.012%—$1.1M50xas long as short
Nado ETH-PERP+0.0099%1h2,768.9−0.041%$14.3M$118.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.5−0.053%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6−0.050%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.2+0.044%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,769.5−0.018%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.8−0.043%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.9−0.003%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.107%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.7−0.045%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.056%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,7700.000%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.4+0.014%$161.1M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.051%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.1−0.032%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.9−0.004%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.1−0.069%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,771.2+0.045%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,768−0.073%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.041%—$43.7M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,770.1+0.004%$8.2M$687.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770+0.001%$90.3M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.3+0.047%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.057%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,768.7−0.047%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.6+0.059%$252K$1.6M20xas long as short