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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:23 UTC−0.0543%/8h= −59.4% APRpaid last 24h −0.062%
Price spread now: Perpl against Aevo+0.058%7-day average +0.074% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.058%, 7d avg +0.074%
Together, before fees+0.144%+ Points / potential airdropPerpl: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,728.20.0096pay 0.0012% / 1h57m 11s$4.9M$191K20x
ShortPerpl ETH2,729.8−0.0447pay 0.0040% / 43m29m 11s$281K$5.7M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$113.93
Price spread: +0.058% → +0.074%
−$1.6
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$145.33
Costs to cover
0.298%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 2 min ago; Perpl: no order-book sample. Net counts fees only.

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, 2 min ago5.85 bp14.2 bp −$1443.7 bp −$437doesn't fitdoesn't fit
Sell Perpl no order-book sample—————
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 ETHshort−0.0447%43m2,729.8+0.058%$281K$5.7M8.3x
Phemex ETHUSDT−0.0405%8h2,729.9+0.062%$263.1M$63.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.9−0.011%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,728.7+0.018%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.2+0.074%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,730+0.066%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729+0.029%$6.7M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.7+0.091%$264.4M$218.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.4+0.081%$32.9M—200xas long as short
BingX ETH-USDC+0.0018%8h2,729.3+0.041%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0064%1h2,730.7+0.092%$191K$884K50xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,730.5+0.084%$1.66B$10.75B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,726.5−0.062%$240K$1.4M20xas long as short
Bybit ETHUSDT+0.0081%8h2,730.4+0.080%$2.32B$4.32B150xas long as short
KuCoin ETHUSDTM+0.0083%8h2,730+0.066%$384.0M$575.7M100xas long as short
Aster ETHUSDT+0.0086%8h2,730+0.067%$252.4M$851.4M200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,726.3−0.068%$8.4M$31.2M100xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,725.8−0.087%$30K$20K20xas long as short
MEXC ETH_USDT+0.0094%8h2,730.5+0.086%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,730+0.065%$6.32B$16.10B150xas long as short
Lighter ETH+0.0096%1h2,730.6+0.089%$112.2M$399.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.127%$23.6M$95.4M50xas long as short
Aevo ETH-PERPlong+0.0096%1h2,728.2long leg$4.9M$191K20x
Katana Perps ETH-USD+0.0100%8h2,730+0.066%$501K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.5+0.195%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.1+0.068%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.6+0.161%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.1+0.071%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.5−0.026%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.076%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.040%$161.7M$337.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.4+0.081%$3.30B$8.18B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.1+0.071%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.7+0.093%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,723−0.192%$131.2M$318.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,725−0.119%$185.4M$683.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7−0.093%$158.4M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,728.8+0.022%$21.0M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,731+0.102%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.5+0.084%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730+0.067%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.3+0.078%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.4−0.029%$40.5M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.6+0.051%$961K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,730+0.066%$54.4M$182.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,729.6+0.052%$1.05B$1.22B200xas long as short
Extended ETH-USD+0.0104%1h2,729.3+0.041%$30.4M$71.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,727.4−0.028%—$30.1M500xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,730.4+0.082%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.2+0.110%$46.6M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,731+0.102%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0159%8h2,730.7+0.091%$283.1M$177.9M150xas long as short
Reya ETHRUSDPERP+0.0176%1h2,728.6+0.015%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,732.7+0.166%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.7+0.018%$117K$19.0M52xas long as short