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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.030%
Price spread now: GMX against Aevo+0.091%7-day average +0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.091%, 7d avg +0.091%
Together, before fees+0.075%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,775.90.0064pay 0.0008% / 1h19m 11s$5.0M$636K20x
ShortGMX ETH/USD [ETH-USDC]2,778.4L +0.0027% / S +0.0009%pay 0.0001% / 1h19m 11s$13.0M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$15.36
Price spread: +0.091% → +0.091%
−$0.04
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$43.4
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 5 min ago; GMX: 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, 5 min ago8.75 bp16.9 bp −$1727.3 bp −$27355.4 bp −$5,541doesn't fit
Sell GMX no order-book sample—————
GMX: 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 ETH−0.0447%43m2,777.6+0.061%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.5+0.022%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.084%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.134%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,777.3+0.052%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0016%1h2,777.7+0.067%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.4+0.056%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.134%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.5+0.094%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,777.2+0.048%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,776.9+0.038%$1.71B$11.88B100xas long as short
Phemex ETHUSDT+0.0019%8h2,777.9+0.074%$270.1M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]shortL +0.0027% / S +0.0009%1h2,778.4+0.091%$13.0M—200x
Bullet ETH-USD+0.0038%1h2,777.9+0.073%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0039%8h2,777.6+0.061%$256.7M$992.0M200xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,778.5+0.094%$258.4M$222.4M50xas long as short
Nado ETH-PERP+0.0059%1h2,776.9+0.037%$14.3M$118.1M50xas long as short
MEXC ETH_USDT+0.0064%8h2,777.5+0.058%$1.62B$2.67B500xas long as short
Aevo ETH-PERPlong+0.0064%1h2,775.9long leg$5.0M$636K20x
Binance ETHUSDT+0.0065%8h2,777.5+0.059%$6.44B$17.20B150xas long as short
Bitget ETHUSDT+0.0070%8h2,777.1+0.044%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,777.1+0.044%$3.29B$9.64B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,780.3+0.158%$8.8M$32.6M100xas long as short
SoDEX ETH-USD+0.0078%1h2,777+0.041%$55.3M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,777.6+0.062%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,776.9+0.038%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,777.9+0.073%$115.3M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,778.9+0.109%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.3+0.052%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,777.7+0.065%$423.0M$739.6M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.5+0.023%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.044%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.8+0.142%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,777.1+0.044%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.1+0.008%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.2+0.083%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.110%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.4+0.055%$15.2M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6+0.099%$136.7M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,779.6+0.136%$181.9M$783.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.8+0.179%$161.7M$91.5M50xas long as short
StandX ETH-USD+0.0100%1h2,779+0.113%$21.5M$58.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.1+0.116%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.9+0.073%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.3+0.124%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.5+0.022%$973K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,778.2+0.084%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,776.5+0.021%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.2+0.084%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.088%$8.4M$678.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,779.7+0.138%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.2+0.084%$86.0M$332.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,776.9+0.037%$283.9M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,777.8+0.069%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,781.9+0.218%$271K$1.5M20xas long as short