ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.021%

Price spread now: Aevo against GMX−0.116%7-day average −0.092% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now −0.116%, 7d avg −0.092%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.024% cheaper against GMX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.092%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ETH/USD [ETH-USDC]	2,771.6	L +0.0026% / S +0.0009%	pay 0.0003% / 1h	26m 37s	$12.9M	—	200x
Short	Aevo ETH-PERP	2,768.4	0.0064	get 0.0008% / 1h	26m 37s	$5.0M	$636K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now −0.116%Rate

Funding earned: $7.96
Price spread: −0.116% → −0.092%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.42
Costs to cover: 0.280%
Break-even: 26.7 days

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 3 min ago	4.51 bp	20.2 bp −$20	33.5 bp −$335	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0223%	43m	2,770.2	−0.053%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,770.3	−0.049%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.371%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.3	−0.012%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0032%	1h	2,772.4	+0.027%	$8.8M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.5	−0.040%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.6	−0.001%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,773.6	+0.071%	$877K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772	+0.012%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0015%	1h	2,774.4	+0.101%	$29K	$22K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0016%	8h	2,770.6	−0.038%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,770.6	−0.037%	$1.70B	$11.86B	100x	as long as short
GMX ETH/USD [ETH-USDC]long	L +0.0026% / S +0.0009%	1h	2,771.6	long leg	$12.9M	—	200x
Aster ETHUSDT	+0.0031%	8h	2,771.2	−0.015%	$256.2M	$1.00B	200x	as long as short
Phemex ETHUSDT	+0.0035%	8h	2,772.4	+0.030%	$270.3M	$69.0M	150x	as long as short
SoDEX ETH-USD	+0.0036%	1h	2,770.7	−0.033%	$55.2M	$229.0M	40x	as long as short
Bullet ETH-USD	+0.0049%	1h	2,770.3	−0.048%	$183K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0059%	8h	2,770.8	−0.030%	$6.45B	$17.30B	150x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,770.5	−0.039%	$1.60B	$2.65B	500x	as long as short
Aevo ETH-PERPshort	+0.0064%	1h	2,768.4	−0.116%	$5.0M	$636K	20x
Deribit ETH-PERPETUAL	+0.0064%	1h	2,772.3	+0.026%	$259.0M	$222.4M	50x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,770.7	−0.034%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,770.6	−0.036%	$3.29B	$9.65B	200x	as long as short
KuCoin ETHUSDTM	+0.0084%	8h	2,771.1	−0.020%	$420.6M	$739.6M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,772.5	+0.031%	$60.0M	$4.59B	50x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,770.7	−0.035%	$2.50B	$4.63B	150x	as long as short
Vest ETH-PERP	+0.0094%	1h	2,770.8	−0.030%	—	$1.1M	50x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,771.5	−0.004%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,771.2	−0.016%	$115.2M	$499.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.7	+0.074%	$25.3M	$121.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771.4	−0.008%	—	$42.0M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.2	−0.051%	$15.9M	$10.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.5	−0.040%	$476K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.7	−0.068%	$14.3M	$118.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.9	+0.082%	$3.19B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.6	0.000%	$31.2M	$312.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.6	−0.037%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.8	+0.005%	$2.7M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.9	+0.046%	$167.0M	$259.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.6	+0.034%	$15.1M	$44.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.3	+0.060%	$147.8M	$336.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.2	+0.019%	$182.0M	$782.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,774.1	+0.090%	$161.3M	$89.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.8	+0.043%	$21.5M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.4	−0.044%	$10.7M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.5	−0.005%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.4	+0.065%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.7	−0.035%	$972K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.1	−0.053%	$32.5M	$78.0M	50x	as long as short
Kalshi KXETHPERP	+0.0115%	8h	2,771.8	+0.006%	$8.3M	$685.9M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,772	+0.014%	$86.4M	$333.7M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0141%	8h	2,774.1	+0.089%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,770.9	−0.026%	$287.2M	$194.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0202%	1h	2,770.1	−0.054%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,773.8	+0.079%	$252K	$1.6M	20x	as long as short