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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+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.007%
Price spread now: Pacifica against Aevo+0.131%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Long on AevoShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 4 days (all we have)+0.196%+$20 · spread now +0.131%, 7d avg +0.082%
Together, before fees+0.236%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.050% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,737.90.0088pay 0.0011% / 1h40m 13s$4.9M$159K20x
ShortPacifica ETH2,741.50.0100get 0.0013% / 1h40m 13s$31.6M$334.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$2.52
Price spread: +0.131% → +0.082%
$4.96
Slippage, 4 orders
−$28.78
Fee Aevo: 8 bp × 2 orders
−$16
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$45.3
Costs to cover
0.528%
Break-even
132.8 days
Slippage from Aevo: live order book, 4 min ago; Pacifica: 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 ago3.65 bp24.0 bp −$2429.0 bp −$29070.6 bp −$7,061doesn't fit
Sell Pacifica live order book, 4 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn'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
Perpl ETH−0.0112%43m2,741.7+0.139%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.3+0.124%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.190%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.1+0.117%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,740.8+0.106%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.2+0.121%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.248%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,741.5+0.131%$182K$916K50xas long as short
BingX ETH-USDT+0.0049%8h2,741.5+0.133%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0063%8h2,740.9+0.111%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,740.8+0.106%$383.4M$597.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.3+0.123%$5.6M$11.2M25xas long as short
Aster ETHUSDT+0.0079%8h2,740.7+0.103%$252.1M$841.3M200xas long as short
Bullet ETH-USD+0.0082%1h2,740.6+0.100%$181K$1.7M20xas long as short
Aevo ETH-PERPlong+0.0088%1h2,737.9long leg$4.9M$159K20x
MEXC ETH_USDT+0.0089%8h2,740.6+0.100%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0089%8h2,740.9+0.111%$6.37B$15.71B150xas long as short
HTX ETH-USDT+0.0096%8h2,740.4+0.091%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,741+0.112%$112.7M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,742.4+0.165%$24.6M$103.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.5+0.059%—$30.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.6+0.133%$58.7M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.8+0.252%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.7+0.102%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.9+0.109%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.4+0.201%$3.12B$2.06B25xas long as short
Pacifica ETHshort+0.0100%1h2,741.5+0.131%$31.6M$334.0M50x
Bybit ETHUSDT+0.0100%8h2,740.9+0.109%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.8+0.069%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.4+0.128%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.205%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.4+0.128%$3.39B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.6+0.133%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.4+0.090%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,736.2−0.062%$132.4M$335.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.161%$182.2M$689.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.205%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.166%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,744.7+0.248%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.5+0.131%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.9+0.146%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.3+0.124%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.8+0.177%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,739.7+0.066%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.8+0.106%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,740.6+0.098%$266.6M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,740+0.077%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,742.5+0.167%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0155%1h2,741.9+0.144%$258.7M$196.1M50xas long as short
Kalshi KXETHPERP+0.0155%8h2,741.3+0.124%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,743.3+0.198%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,736.5−0.053%$284.1M$177.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.125%$87.1M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,740.5+0.096%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.6+0.280%$250K$1.4M20xas long as short