ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.005%

Price spread now: dYdX against Aevo+0.133%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.133%, 7d avg +0.082%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.051% dearer against Aevo than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.082%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,729	0.0096	pay 0.0012% / 1h	44m 44s	$4.9M	$195K	20x
Short	dYdX ETH-USD	2,732.7	0	get 0.0000% / 1h	44m 44s	$10.6M	$41.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee AevobpFee dYdXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$20.16
Price spread: +0.133% → +0.082%: $5.11
Slippage, 4 orders: −$19.16
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$60.21
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Aevo: live order book, 4 min ago; dYdX: live order book, 14 min ago.

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 Aevo live order book, 4 min ago	3.33 bp	11.7 bp −$12	30.9 bp −$309	49.3 bp −$4,925	doesn't fit
Sell dYdX live order book, 14 min ago	2.02 bp	7.0 bp −$7	24.6 bp −$246	45.1 bp −$4,505	72.5 bp −$36.2K

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	−0.0112%	43m	2,732.6	+0.129%	$277K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0097%	8h	2,731.6	+0.094%	$280.3M	$177.8M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	+0.083%	$5K	$1K	50x	as long as short
Phemex ETHUSDT	−0.0076%	8h	2,731.2	+0.080%	$263.2M	$63.8M	150x	as long as short
HTX ETH-USDT	−0.0019%	8h	2,730.9	+0.067%	$1.05B	$1.21B	200x	as long as short
Phoenix ETH	−0.0012%	1h	2,733	+0.145%	$807K	$3.0M	25x	as long as short
Bybit ETHUSDT	−0.0010%	8h	2,731.3	+0.082%	$2.32B	$4.31B	150x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.6	+0.095%	$11.9M	—	200x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,732.7	+0.133%	$10.6M	$41.9M	50x
Kalshi KXETHPERP	0.0000%	8h	2,732.2	+0.116%	$6.7M	$672.4M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.2	+0.117%	$264.7M	$218.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.7	+0.096%	$33.0M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,732.2	+0.116%	$191K	$883K	50x	as long as short
ApeX Omni ETHUSDT	+0.0069%	1h	2,732.1	+0.113%	$8.4M	$31.2M	100x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,731.4	+0.087%	$54.4M	$182.5M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,731.3	+0.084%	$1.66B	$10.73B	100x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,732.8	+0.137%	$239K	$1.4M	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,731.4	+0.088%	$252.2M	$849.7M	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,731.9	+0.104%	$383.5M	$576.3M	100x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,731.5	+0.090%	$6.32B	$16.06B	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,732	+0.109%	$1.57B	$2.55B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,732.1	+0.114%	$112.6M	$401.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733.4	+0.160%	$23.7M	$95.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,732.8	+0.138%	—	$30.4M	500x	as long as short
Aevo ETH-PERPlong	+0.0096%	1h	2,729	long leg	$4.9M	$195K	20x
SunX ETH-USDT	+0.0097%	8h	2,730.8	+0.066%	$941K	$10.7M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.7	+0.098%	$499K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.7	+0.209%	$15.4M	$7.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.1	+0.075%	$14.2M	$100.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.3	+0.193%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.6	+0.131%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.1	+0.112%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732	+0.108%	$1.6M	$15.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.6	+0.096%	$3.28B	$8.24B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.8	+0.102%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,731.6	+0.094%	—	$1.06B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.9	+0.104%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731	+0.074%	$131.5M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.5	+0.055%	$185.8M	$685.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.4	+0.088%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.5	+0.127%	$21.0M	$70.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	+0.153%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.4	+0.123%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,731.1	+0.076%	$176K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,759.5	+1.116%	$20K	$23K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.5	+0.126%	$40.6M	$29.1M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	+0.065%	$162.8M	$334.7M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.9	+0.068%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,732.1	+0.111%	$82.0M	$309.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0108%	1h	2,731.2	+0.080%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,732.5	+0.128%	$46.5M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,732.5	+0.127%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0174%	1h	2,730.6	+0.057%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,733.7	+0.170%	$32.2M	$11.2M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,736.2	+0.263%	$117K	$19.5M	52x	as long as short