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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: Coinbase International against Aevo+0.130%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Long on AevoShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$9 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.130%, 7d avg +0.094%
Together, before fees+0.071%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.036% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,729.70.0096pay 0.0012% / 1h15m 32s$4.9M$155K20x
ShortCoinbase International ETH-PERP-INTX2,733.30.0104get 0.0013% / 1h15m 32s$49.7M$4.32B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$1.68
Price spread: +0.130% → +0.094%
$3.6
Slippage, 4 orders
−$16.5
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$37.22
Costs to cover
0.425%
Break-even
162.1 days
Slippage from Aevo: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago4.07 bp12.9 bp −$1334.4 bp −$344doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$508.3 bp −$82621.4 bp −$10.7K

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%43m2,731.5+0.064%$281K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.2+0.126%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5+0.099%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,725.4−0.159%$815K$3.0M25xas long as short
HTX ETH-USDT−0.0001%8h2,732.3+0.092%$1.05B$1.22B200xas long as short
dYdX ETH-USD+0.0007%1h2,732.3+0.093%$10.4M$42.6M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.7+0.110%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.8+0.038%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0034%8h2,731.9+0.077%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,733.2+0.126%$193K$850K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,732.5+0.100%$2.35B$4.41B150xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,727.9−0.067%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0079%8h2,732.7+0.108%$375.2M$578.0M100xas long as short
SunX ETH-USDT+0.0080%8h2,731.4+0.060%$957K$11.1M100xas long as short
Bullet ETH-USD+0.0081%1h2,732.3+0.095%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0092%8h2,732.7+0.107%$252.4M$846.2M200xas long as short
Phemex ETHUSDT+0.0093%8h2,732.2+0.088%$263.4M$65.0M150xas long as short
Lighter ETH+0.0096%1h2,733.3+0.130%$112.7M$436.2M50xas long as short
Lighter RH ETH+0.0096%1h2,734.4+0.169%$23.5M$104.0M50xas long as short
Aevo ETH-PERPlong+0.0096%1h2,729.7long leg$4.9M$155K20x
MEXC ETH_USDT+0.0097%8h2,732.8+0.110%$1.54B$2.60B500xas long as short
OKX ETH-USDT-SWAP+0.0098%8h2,732.3+0.095%$1.66B$10.88B100xas long as short
Binance ETHUSDT+0.0098%8h2,732.6+0.104%$6.34B$16.12B150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.3+0.093%$505K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.5+0.248%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.6+0.106%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735+0.192%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.6+0.139%$32.0M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.2+0.090%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.3+0.129%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,722.5−0.265%$160.0M$319.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.5+0.100%$3.29B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.6+0.103%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8+0.076%$15.0M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.7+0.071%$134.3M$327.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.2+0.052%$185.1M$680.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.6+0.067%$158.9M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,732.2+0.088%$8.7M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,732.2+0.090%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.8+0.147%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.156%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.3+0.095%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.4+0.135%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,731.9+0.079%$54.4M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,731.9+0.078%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.8+0.112%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,733.3+0.130%$49.7M$4.32B50x
RISEx ETH/USDC+0.0108%1h2,733.2+0.127%$5.6M$11.8M25xas long as short
Deribit ETH-PERPETUAL+0.0138%1h2,733.1+0.122%$259.3M$207.7M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,732.2+0.090%$6.9M$692.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,732.6+0.104%$83.2M$311.6M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,734.4+0.170%$32.1M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0198%1h2,732+0.082%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,733+0.119%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0382%8h2,731.9+0.077%$281.6M$174.8M150xas long as short