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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 02:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: SoDEX against Aevo+0.048%7-day average +0.048% · 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−$39as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Long on AevoShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.048%, 7d avg +0.048%
Together, before fees−0.002%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,748.20.0064pay 0.0008% / 1h42m 36s$4.9M$168K20x
ShortSoDEX ETH-USD2,749.50.0100get 0.0013% / 1h42m 36s$54.8M$187.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$7.56
Price spread: +0.048% → +0.048%
−$0.09
Slippage, 4 orders
−$14.87
Fee Aevo: 8 bp × 2 orders
−$16
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$31.4
Costs to cover
0.389%
Break-even
36.1 days
Slippage from Aevo: live order book, 2 min ago; SoDEX: live order book, 2 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 Aevo live order book, 2 min ago3.84 bp12.1 bp −$1230.3 bp −$30347.9 bp −$4,793doesn't fit
Sell SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$56733.8 bp −$16.9K

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%43m2,750.7+0.089%$314K$6.1M8.3xas long as short
ApeX Omni ETHUSDT−0.0149%1h2,751+0.101%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,745.8−0.087%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.4−0.103%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.7+0.092%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,749.7+0.055%$864K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.6−0.058%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,750.4+0.079%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,745.6−0.094%$180K$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0026%1h2,750.6+0.088%$258.4M$202.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0028%8h2,745.3−0.104%—$1.20B—as long as short
OKX ETH-USDT-SWAP+0.0037%8h2,745.3−0.104%$1.68B$11.09B100xas long as short
Aster ETHUSDT+0.0057%8h2,745.8−0.089%$255.4M$857.2M200xas long as short
HTX ETH-USDT+0.0058%8h2,749.1+0.032%$1.07B$1.22B200xas long as short
Aevo ETH-PERPlong+0.0064%1h2,748.2long leg$4.9M$168K20x
MEXC ETH_USDT+0.0066%8h2,745.3−0.105%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0067%8h2,744.9−0.119%$6.34B$16.33B150xas long as short
Gate ETH_USDT+0.0074%8h2,745.5−0.098%$3.36B$8.77B200xas long as short
KuCoin ETHUSDTM+0.0077%8h2,745.4−0.103%$381.7M$607.9M100xas long as short
Bitget ETHUSDT+0.0086%8h2,745.3−0.104%$2.07B$2.86B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.4+0.081%$59.6M$4.40B50xas long as short
Lighter ETH+0.0096%1h2,745.5−0.099%$113.1M$440.0M50xas long as short
Lighter RH ETH+0.0096%1h2,747−0.043%$25.0M$106.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,752.5+0.156%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,751.1+0.104%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,748.9+0.026%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.138%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.3−0.107%$14.0M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,748−0.007%$3.12B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,746−0.080%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.7−0.090%$2.47B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.123%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,746−0.080%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.116%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.2−0.037%$14.9M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,750+0.065%$133.2M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.8+0.096%$184.4M$736.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2−0.001%$159.8M$83.1M50xas long as short
StandX ETH-USD+0.0100%1h2,751.1+0.106%$21.3M$66.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747−0.043%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.1+0.069%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.4+0.082%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.4+0.080%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.4+0.115%$42.0M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.9+0.097%$965K$12.6M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,749.5+0.048%$54.8M$187.6M40x
Phemex ETHUSDT+0.0100%8h2,749.9+0.061%$267.6M$66.3M150xas long as short
Extended ETH-USD+0.0104%1h2,744.7−0.127%$30.9M$74.8M50xas long as short
Kalshi KXETHPERP+0.0135%8h2,752.3+0.149%$7.7M$673.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0162%8h2,751.7+0.127%$32.4M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,749.1+0.034%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.169%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,751.8+0.131%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0218%1h2,750.3+0.077%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,750.3+0.076%$92.9M$316.0M100xas long as short