ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.038%

Price spread now: Hibachi against Aevo+0.209%54s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.465% of the position

Long on Aevo Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.209%, 7d avg +0.095%

Together, before fees−0.340%+ Points / potential airdropHibachi: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.114% dearer against Aevo than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,715	0.0088	pay 0.0011% / 1h	30m 22s	$4.9M	$155K	20x
Short	Hibachi ETH/USDT-P	2,720.7	0.0248	get 0.0031% / 1h	30m 22s	$248K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.209%Rate

Funding earned: $33.6
Price spread: +0.209% → +0.095%: $11.44
Slippage, 4 orders: −$21.53
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$1.49
Costs to cover: 0.465%
Break-even: 7.3 days

Slippage from Aevo: live order book, 4 min ago; Hibachi: live order book, 4 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	4.31 bp	12.3 bp −$12	30.0 bp −$300	69.4 bp −$6,942	doesn't fit
Sell Hibachi live order book, 4 min ago	1.18 bp	7.9 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit

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	−0.0447%	43m	2,718.7	+0.135%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,718.2	+0.117%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,717	+0.073%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,719.6	+0.168%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,719.2	+0.154%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,719.6	+0.168%	$30.9M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,720.2	+0.190%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0010%	1h	2,719	+0.146%	$10.7M	$42.0M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0026%	1h	2,718.6	+0.130%	$258.7M	$206.2M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,719.9	+0.179%	$187K	$789K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0033%	8h	2,718.4	+0.124%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,719.5	+0.163%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0068%	8h	2,716.9	+0.068%	$952K	$11.2M	100x	as long as short
ApeX Omni ETHUSDT	+0.0069%	1h	2,717.6	+0.093%	$8.6M	$31.3M	100x	as long as short
Bullet ETH-USD	+0.0071%	1h	2,719.3	+0.155%	$180K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0073%	1h	2,720.9	+0.214%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0076%	8h	2,718.8	+0.138%	$374.4M	$577.7M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,719.1	+0.151%	$251.6M	$843.6M	200x	as long as short
Aevo ETH-PERPlong	+0.0088%	1h	2,715	long leg	$4.9M	$155K	20x
MEXC ETH_USDT	+0.0091%	8h	2,719.4	+0.161%	$1.56B	$2.58B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,719.5	+0.164%	$6.29B	$16.07B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0092%	8h	2,719.3	+0.159%	$1.66B	$10.78B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,719.3	+0.158%	$111.5M	$433.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,720.5	+0.203%	$23.3M	$103.2M	50x	as long as short
Phemex ETHUSDT	+0.0098%	8h	2,718	+0.107%	$262.7M	$64.2M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,718.5	+0.128%	$496K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,721.2	+0.228%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,719.2	+0.152%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,721.4	+0.235%	$3.08B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,719.8	+0.174%	$31.8M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,718.1	+0.113%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,719.5	+0.163%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,719	+0.145%	$161.7M	$327.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,719.5	+0.163%	$3.30B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,719.3	+0.158%	$2.07B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,717.4	+0.088%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.7	+0.063%	$132.7M	$328.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,717.4	+0.086%	$184.0M	$676.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,718.3	+0.121%	$158.2M	$87.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,718	+0.109%	$20.9M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,720.3	+0.196%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,720.5	+0.201%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,718.2	+0.118%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,718.6	+0.133%	$40.7M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,717.6	+0.095%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.7	+0.098%	$30.5M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,719.2	+0.154%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,718.9	+0.142%	$49.7M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,719.6	+0.168%	$5.5M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,718.7	+0.135%	$6.5M	$691.7M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,718.2	+0.117%	$82.7M	$315.7M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,719.7	+0.173%	$32.0M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,718.7	+0.136%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Pshort	+0.0248%	1h	2,720.7	+0.209%	$248K	$1.4M	20x
BloFin ETH-USDT	+0.0293%	8h	2,717.6	+0.096%	$281.2M	$173.8M	150x	as long as short