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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 03:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Bullet against Aevo+0.073%7-day average +0.056% · 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−$43as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Long on AevoShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.022%−$2 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.073%, 7d avg +0.056%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,743.90.0088pay 0.0011% / 1h31m 17s$4.9M$155K20x
ShortBullet ETH-USD2,745.90.0081get 0.0010% / 1h31m 17s$182K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
−$1.39
Price spread: +0.073% → +0.056%
$1.7
Slippage, 4 orders
−$20.33
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$44.03
Costs to cover
0.443%
Break-even
never at this rate
Slippage from Aevo: live order book, 3 min ago; Bullet: live order book, 3 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, 3 min ago8.39 bp16.4 bp −$1631.5 bp −$31547.8 bp −$4,785doesn't fit
Sell Bullet live order book, 3 min ago0.18 bp4.9 bp −$59.0 bp −$90doesn't fitdoesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,745.8+0.068%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.030%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.3+0.088%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,745.1+0.043%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,746.5+0.095%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.5+0.093%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,745.2+0.046%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.2+0.119%$182K$914K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,741.3−0.095%$8.9M$30.9M100xas long as short
BingX ETH-USDT+0.0052%8h2,746.1+0.080%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0065%8h2,747.3+0.121%$1.70B$10.59B100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,747.4+0.126%$383.7M$578.3M100xas long as short
RISEx ETH/USDC+0.0077%1h2,746.9+0.108%$5.7M$11.2M25xas long as short
Bullet ETH-USDshort+0.0081%1h2,745.9+0.073%$182K$1.7M20x
Aster ETHUSDT+0.0083%8h2,746.4+0.089%$252.5M$841.0M200xas long as short
Aevo ETH-PERPlong+0.0088%1h2,743.9long leg$4.9M$155K20x
MEXC ETH_USDT+0.0091%8h2,747.3+0.122%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0091%8h2,747.2+0.119%$6.39B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,747.2+0.118%$112.8M$433.7M50xas long as short
Lighter RH ETH+0.0096%1h2,748.6+0.170%$24.7M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.3+0.052%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.2+0.155%$58.8M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.6+0.244%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.8+0.068%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.6+0.099%$13.9M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.5+0.167%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.3+0.085%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.4+0.126%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.8+0.068%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.8+0.104%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.088%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.3+0.087%$3.39B$8.73B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.3+0.123%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.8−0.005%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.118%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.5−0.015%$182.3M$691.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9+0.036%$159.6M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,744.8+0.032%$21.2M$68.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.8+0.106%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.4+0.127%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.4+0.091%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.155%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.4+0.053%$963K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.8+0.105%$54.7M$187.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,746.4+0.090%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,746.8+0.105%$267.1M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,746+0.076%$30.6M$72.3M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.5−0.017%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0140%1h2,748.1+0.153%$258.7M$196.0M50xas long as short
Kalshi KXETHPERP+0.0159%8h2,746.8+0.105%$7.5M$669.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,748.5+0.166%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.8+0.141%$87.0M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,745.7+0.065%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,746.5+0.095%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,746.8+0.105%$285.3M$182.2M150xas long as short