ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: Bulk against Aevo+0.202%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Aevo Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.202%, 7d avg +0.079%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.123% dearer against Aevo than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,775.7	0.0064	pay 0.0008% / 1h	32m 31s	$5.0M	$636K	20x
Short	Bulk ETH-USD	2,781.3	0.0100	get 0.0013% / 1h	32m 31s	$166.9M	$248.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aevo. 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 AevobpFee BulkbpOrdersPrice spread, now +0.202%Rate

Funding earned: $7.56
Price spread: +0.202% → +0.079%: $12.28
Slippage, 4 orders: −$21.01
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$24.17
Costs to cover: 0.440%
Break-even: 29.4 days

Slippage from Aevo: live order book, 2 min ago; Bulk: live order book, 2 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 Aevo live order book, 2 min ago	6.16 bp	15.0 bp −$15	39.7 bp −$397	doesn't fit	doesn't fit
Sell Bulk live order book, 2 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	3.6 bp −$364	4.8 bp −$2,393

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	2,777.9	+0.077%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,773.2	−0.092%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.8	−0.069%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.4	−0.011%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,773.4	−0.083%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0025%	1h	2,777.6	+0.066%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,773.8	−0.068%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.147%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.2	+0.053%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,773.4	−0.083%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0016%	8h	2,775.5	−0.008%	$270.0M	$68.6M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,771.5	−0.153%	$1.71B	$11.81B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,777.2	+0.053%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,773.3	−0.087%	$256.1M	$989.9M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,776.5	+0.029%	$180K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,773.9	−0.065%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,773	−0.098%	$6.43B	$17.11B	150x	as long as short
Nado ETH-PERP	+0.0062%	1h	2,773.1	−0.093%	$14.3M	$118.0M	50x	as long as short
Aevo ETH-PERPlong	+0.0064%	1h	2,775.7	long leg	$5.0M	$636K	20x
Gate ETH_USDT	+0.0072%	8h	2,773.5	−0.081%	$3.28B	$9.59B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,771.7	−0.146%	$2.10B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0078%	1h	2,777.8	+0.077%	$258.4M	$222.0M	50x	as long as short
SoDEX ETH-USD	+0.0089%	1h	2,776	+0.011%	$55.3M	$228.8M	40x	as long as short
ApeX Omni ETHUSDT	+0.0094%	1h	2,775.4	−0.010%	$8.7M	$32.5M	100x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,776.2	+0.018%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0094%	8h	2,771.4	−0.154%	$2.51B	$4.60B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,773.8	−0.070%	$114.9M	$499.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,775	−0.027%	$25.4M	$121.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,778.6	+0.104%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTM	+0.0098%	8h	2,773.3	−0.088%	$425.2M	$738.0M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.3	−0.086%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774	−0.062%	$481K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,775.2	−0.018%	$3.19B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.2	−0.054%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.8	−0.105%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.1	−0.023%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	2,781.3	+0.202%	$166.9M	$248.1M	25x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.6	−0.006%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	−0.040%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,774.9	−0.030%	$179.9M	$780.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	+0.047%	$161.5M	$91.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,777.4	+0.061%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.4	−0.084%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.7	−0.108%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.6	+0.067%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,778.6	+0.104%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,777	+0.048%	$974K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,772.9	−0.099%	$31.6M	$74.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,777.1	+0.049%	$60.2M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,778.1	+0.086%	$8.5M	$674.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,778.8	+0.112%	$32.6M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,778.5	+0.102%	$279K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,776.8	+0.039%	$86.2M	$330.6M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,775.4	−0.010%	$285.0M	$194.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0190%	1h	2,771.4	−0.156%	$7.4M	$1.2M	25x	as long as short