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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 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.006%
Price spread now: Deribit against Aevo+0.041%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Long on AevoShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.041%, 7d avg +0.104%
Together, before fees+0.116%+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.063% cheaper against Aevo than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.104%). If the spread goes back, that is −$6 on $10k: about 5.5 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,782.80.0064pay 0.0008% / 1h49m 26s$5.1M$636K20x
ShortDeribit ETH-PERPETUAL2,783.90.0102get 0.0013% / 1h49m 26s$258.9M$222.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$7.98
Price spread: +0.041% → +0.104%
−$6.25
Slippage, 4 orders
−$17.93
Fee Aevo: 8 bp × 2 orders
−$16
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$39.2
Costs to cover
0.409%
Break-even
41.4 days
Slippage from Aevo: live order book, 5 min ago; Deribit: live order book, 5 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, 5 min ago4.33 bp12.5 bp −$1232.2 bp −$32252.0 bp −$5,196doesn't fit
Sell Deribit live order book, 5 min ago0.72 bp5.0 bp −$55.6 bp −$5611.5 bp −$1,14922.7 bp −$11.3K

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%43m2,782.8+0.001%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,781.7−0.037%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0110%1h2,783.3+0.019%$8.8M$32.8M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.009%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782.2−0.020%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,782.4−0.013%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0009%1h2,782.9+0.004%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,783.1+0.011%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6+0.030%$887K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,782.7−0.002%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.1−0.023%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,780−0.098%$1.70B$11.91B100xas long as short
Phemex ETHUSDT+0.0026%8h2,782.4−0.012%$271.2M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,782.7−0.003%$12.9M—200xas long as short
Aster ETHUSDT+0.0039%8h2,782.1−0.024%$256.7M$1.00B200xas long as short
Aevo ETH-PERPlong+0.0064%1h2,782.8long leg$5.1M$636K20x
MEXC ETH_USDT+0.0066%8h2,781.9−0.029%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0066%8h2,782−0.028%$2.10B$3.11B150xas long as short
Binance ETHUSDT+0.0066%8h2,781.9−0.029%$6.45B$17.26B150xas long as short
Bullet ETH-USD+0.0071%1h2,781.9−0.029%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0072%8h2,782−0.027%$3.31B$9.59B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,783.6+0.028%$60.3M$4.62B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,781.8−0.034%$423.0M$739.2M100xas long as short
Bybit ETHUSDT+0.0090%8h2,780.2−0.091%$2.52B$4.63B150xas long as short
HTX ETH-USDT+0.0090%8h2,782−0.027%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,783+0.008%$116.3M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,784.8+0.072%$25.4M$120.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.8+0.001%—$41.9M500xas long as short
Vest ETH-PERP+0.0097%1h2,782.8+0.001%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,781.9−0.030%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.1−0.024%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,782.8+0.002%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.6+0.064%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.3+0.019%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781.3−0.052%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,783+0.010%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.052%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,782−0.026%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,782.7−0.003%$147.8M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,783.9+0.042%$182.2M$781.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,783.7+0.035%$161.9M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.045%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783+0.009%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,783.4+0.024%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,784.6+0.066%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.8+0.003%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,782.2−0.020%$55.4M$229.0M40xas long as short
Deribit ETH-PERPETUALshort+0.0102%1h2,783.9+0.041%$258.9M$222.8M50x
Extended ETH-USD+0.0104%1h2,781.5−0.044%$32.7M$77.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,783.1+0.013%$86.7M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,784.4+0.059%$8.4M$682.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,782.6−0.008%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,783.3+0.019%$285.1M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,781.8−0.034%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,785+0.080%$271K$1.5M20xas long as short