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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.024%
Price spread now: Derive against Aevo+0.141%7-day average +0.118% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.163%+$16 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.141%, 7d avg +0.118%
Together, before fees+0.150%+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Derive is 0.023% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,739.60.0088pay 0.0011% / 1h35m 33s$4.9M$155K20x
ShortDerive ETH-PERP2,743.40.0100get 0.0013% / 1h35m 33s$41.5M$29.6M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$2.52
Price spread: +0.141% → +0.118%
$2.32
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Derive: 3 bp × 2 orders
−$6
Net
−$17.16
Costs to cover
0.220%
Break-even
54.7 days
Slippage unknown: Aevo: live order book, 4 min ago; Derive: no order-book sample. 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 Aevo live order book, 4 min ago14.56 bp22.7 bp −$2338.4 bp −$38455.9 bp −$5,586doesn't fit
Sell Derive no order-book sample—————
Derive: 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
Hotstuff ETH-PERP−0.0080%1h2,741.5+0.071%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.129%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.3+0.062%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742+0.090%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,740.7+0.043%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.6+0.074%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.188%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741.6+0.075%$182K$916K50xas long as short
BingX ETH-USDT+0.0050%8h2,741.1+0.058%—$1.15B—as long as short
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.022%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,741.1+0.055%$383.0M$597.1M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,742.3+0.101%$1.70B$10.57B100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.8+0.083%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0078%1h2,740.8+0.045%$180K$1.7M20xas long as short
Aster ETHUSDT+0.0079%8h2,741.3+0.065%$252.2M$841.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,741+0.053%$1.56B$2.54B500xas long as short
Aevo ETH-PERPlong+0.0088%1h2,739.6long leg$4.9M$155K20x
Binance ETHUSDT+0.0089%8h2,741.6+0.074%$6.37B$15.69B150xas long as short
HTX ETH-USDT+0.0094%8h2,741.7+0.080%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,740.9+0.049%$112.7M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,742.3+0.100%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.053%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.4+0.139%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.9+0.196%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.2+0.060%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.9+0.085%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.8+0.118%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.7+0.078%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742+0.089%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4+0.031%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7+0.079%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5+0.072%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.3+0.063%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.7+0.114%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5+0.071%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7+0.041%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.090%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740+0.015%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,740.1+0.020%$21.2M$68.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.8+0.155%$11.0M$8.8M50xas long as short
Derive ETH-PERPshort+0.0100%1h2,743.4+0.141%$41.5M$29.6M15x
SunX ETH-USDT+0.0100%8h2,739.9+0.011%$960K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742+0.089%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.9+0.085%$266.7M$65.0M150xas long as short
Vest ETH-PERP+0.0100%1h2,742.6+0.113%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,740.4+0.030%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.2+0.059%$30K$20K20xas long as short
Bluefin ETH-PERP+0.0139%1h2,741.4+0.067%$21K$20K25xas long as short
Kalshi KXETHPERP+0.0157%8h2,741.1+0.056%$7.6M$669.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,743.2+0.134%$258.7M$196.1M50xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,743.5+0.143%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0209%8h2,738.6−0.036%$284.5M$181.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.9+0.124%$87.1M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742.3+0.100%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.4+0.068%$252K$1.4M20xas long as short