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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 22:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.002%
Price spread now: SunX against Aevo+0.052%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Long on AevoShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.052%, 7d avg +0.042%
Together, before fees+0.062%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, 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-PERP2,769.90.0048pay 0.0006% / 1h7m 55s$5.0M$636K20x
ShortSunX ETH-USDT2,771.40.0100get 0.0100% / 8h2h 07m$972K$14.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$10.92
Price spread: +0.052% → +0.042%
$1.02
Slippage, 4 orders
−$16.27
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 4 bp × 2 orders
−$8
Net
−$28.33
Costs to cover
0.403%
Break-even
25.2 days
Slippage from Aevo: live order book, 1 min ago; SunX: live order book, 11 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, 1 min ago2.89 bp11.3 bp −$1132.6 bp −$32650.3 bp −$5,027doesn't fit
Sell SunX live order book, 11 min ago1.66 bp5.7 bp −$65.8 bp −$587.4 bp −$7359.3 bp −$4,672

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−0.0112%43m2,771.6+0.059%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.226%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4+0.089%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,772.1+0.078%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,772.2+0.082%$885K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,772.5+0.092%$5.7M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,771.7+0.065%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD0.0000%1h2,773.4+0.125%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.9+0.107%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,771.9+0.071%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0027%8h2,772.4+0.089%$267.0M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.8+0.105%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,770.3+0.014%$8.7M$32.6M100xas long as short
Aster ETHUSDT+0.0034%8h2,772+0.075%$256.4M$995.5M200xas long as short
Aevo ETH-PERPlong+0.0048%1h2,769.9long leg$5.0M$636K20x
MEXC ETH_USDT+0.0050%8h2,772.3+0.085%$1.59B$2.69B500xas long as short
Binance ETHUSDT+0.0051%8h2,772.3+0.085%$6.44B$17.23B150xas long as short
Bitget ETHUSDT+0.0075%8h2,772.2+0.081%$2.10B$3.13B150xas long as short
Gate ETH_USDT+0.0076%8h2,772.1+0.079%$3.28B$9.70B200xas long as short
Bullet ETH-USD+0.0080%1h2,772+0.075%$184K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,772.7+0.101%$114.8M$515.5M50xas long as short
Lighter RH ETH+0.0096%1h2,774.1+0.149%$25.4M$123.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.5+0.094%—$41.8M500xas long as short
Variational Omni ETH+0.0097%8h2,770.2+0.011%$140.7M$320.5M—as long as short
HTX ETH-USDT+0.0099%8h2,771.5+0.056%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.8+0.069%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.2+0.082%$486K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.7+0.065%$15.2M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.7+0.136%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,772.6+0.096%$31.2M$291.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.1+0.077%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.5+0.057%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.1+0.149%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6+0.023%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772.1+0.079%$422.2M$742.4M100xas long as short
BingX ETH-USDC+0.0100%8h2,772+0.074%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.090%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.5+0.021%$179.5M$782.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.037%$161.2M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,772.2+0.082%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.5+0.094%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.6+0.133%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.2+0.083%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.5+0.164%$42.7M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,771.4+0.052%$972K$14.1M100x
SoDEX ETH-USD+0.0100%1h2,772.1+0.078%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,771.7+0.065%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.9+0.143%$59.9M$4.63B50xas long as short
Kalshi KXETHPERP+0.0114%8h2,772.9+0.107%$8.5M$674.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,774.9+0.179%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0136%1h2,773.9+0.144%$258.5M$225.2M50xas long as short
BloFin ETH-USDT+0.0171%8h2,771+0.038%$286.0M$195.6M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,772.1+0.079%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773.5+0.128%$86.4M$331.3M100xas long as short
Hibachi ETH/USDT-P+0.0464%1h2,772.8+0.105%$281K$1.5M20xas long as short