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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 01:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.018%
Price spread now: Aevo against Reya−0.066%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.060%−$6 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.066%, 7d avg −0.042%
Together, before fees−0.073%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.024% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,769.20.0211pay 0.0026% / 1h30m 12s$7.3M$1.2M25x
ShortAevo ETH-PERP2,767.40.0056get 0.0007% / 1h30m 12s$5.0M$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Reya. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$32.52
Price spread: −0.066% → −0.042%
−$2.35
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$56.87
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Aevo: live order book, 4 min ago. 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 Reya no order-book sample—————
Sell Aevo live order book, 4 min ago4.61 bp19.1 bp −$1932.5 bp −$32550.7 bp −$5,067doesn't fit
Reya: 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
Injective ETH/USDC PERP−0.0752%1h2,772.9+0.133%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.6+0.013%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.8+0.022%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.3+0.040%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,769.7+0.018%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.1+0.068%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770.2+0.036%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6+0.050%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,769.7+0.020%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0025%8h2,771.7+0.092%$1.71B$11.20B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,770.5+0.046%$12.7M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,770.2+0.036%$269.6M$67.5M150xas long as short
SoDEX ETH-USD+0.0033%1h2,770+0.029%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0040%8h2,770.5+0.047%$256.7M$886.2M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.6+0.050%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,770.7+0.054%$6.48B$16.35B150xas long as short
Aevo ETH-PERPshort+0.0056%1h2,767.4−0.066%$5.0M$165K20x
Aftermath Perps ETHUSD+0.0066%1h2,771.4+0.080%$31K$23K20xas long as short
Bitget ETHUSDT+0.0072%8h2,771.7+0.090%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.092%$60.4M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,770.1+0.031%—$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.6+0.051%$420.4M$628.7M100xas long as short
HTX ETH-USDT+0.0084%8h2,769.8+0.021%$1.08B$1.25B200xas long as short
Gate ETH_USDT+0.0094%8h2,772+0.099%$3.36B$9.00B200xas long as short
Lighter ETH+0.0096%1h2,771+0.063%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.107%$25.7M$111.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.2+0.073%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7+0.018%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.1+0.031%$14.7M$114.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.2+0.180%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.3+0.039%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.8+0.093%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9+0.025%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4+0.043%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8+0.023%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,771.1+0.070%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772+0.102%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.6+0.049%$140.2M$345.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.9+0.025%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6+0.013%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771+0.064%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,768.5−0.025%$21.4M$62.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.4+0.007%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.056%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.2+0.108%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.3+0.005%$971K$13.2M100xas long as short
Extended ETH-USD+0.0104%1h2,769.6+0.014%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.1+0.032%—$37.0M500xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,771.6+0.088%$259.1M$207.0M50xas long as short
Kalshi KXETHPERP+0.0111%8h2,770.8+0.058%$8.0M$682.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.9+0.098%$96.0M$319.4M100xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,772.4+0.117%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,772.9+0.132%$32.6M$11.2M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.4+0.042%$287.6M$182.0M150xas long as short
Reya ETHRUSDPERPlong+0.0211%1h2,769.2long leg$7.3M$1.2M25x