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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 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.010%
Price spread now: Aevo against Deribit−0.084%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Long on DeribitShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.084%, 7d avg −0.104%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.104%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,728.20get 0.0000% / 1h53m 31s$264.5M$219.5M50x
ShortAevo ETH-PERP2,725.90.0096get 0.0012% / 1h53m 31s$4.9M$193K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$20.16
Price spread: −0.084% → −0.104%
$1.97
Slippage, 4 orders
−$12.73
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$13.6
Costs to cover
0.357%
Break-even
11.7 days
Slippage from Deribit: live order book, 1 min ago; Aevo: live order book, 1 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 Deribit live order book, 1 min ago0.09 bp3.6 bp −$43.6 bp −$368.2 bp −$81920.8 bp −$10.4K
Sell Aevo live order book, 1 min ago2.38 bp17.8 bp −$1826.8 bp −$26844.8 bp −$4,482doesn'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%43m2,728.6+0.015%$275K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.6−0.023%$5K$1K50xas long as short
Phoenix ETH−0.0012%1h2,728.7+0.017%$805K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.3+0.003%$11.9M—200xas long as short
Phemex ETHUSDT−0.0004%8h2,727.4−0.030%$262.8M$64.0M150xas long as short
dYdX ETH-USD0.0000%1h2,728.6+0.014%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.1+0.032%$6.7M$672.5M4.9xas long as short
Deribit ETH-PERPETUALlong0.0000%1h2,728.2long leg$264.5M$219.5M50x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8−0.017%$32.9M—200xas long as short
Bybit ETHUSDT+0.0046%8h2,728.6+0.012%$2.32B$4.32B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0053%8h2,727−0.044%$1.05B$1.22B200xas long as short
Gate ETH_USDT+0.0065%8h2,727.5−0.027%$3.29B$8.20B200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,728.6+0.012%$1.66B$10.73B100xas long as short
01 Exchange ETHUSD+0.0080%1h2,728.7+0.017%$191K$884K50xas long as short
KuCoin ETHUSDTM+0.0084%8h2,728.6+0.014%$383.8M$576.6M100xas long as short
Aster ETHUSDT+0.0086%8h2,728.4+0.007%$252.1M$849.2M200xas long as short
Hibachi ETH/USDT-P+0.0088%1h2,727.2−0.039%$242K$1.4M20xas long as short
SunX ETH-USDT+0.0089%8h2,727.3−0.033%$954K$10.7M100xas long as short
MEXC ETH_USDT+0.0095%8h2,728.5+0.011%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,728.3+0.003%$6.31B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,727.7−0.021%$112.2M$400.4M50xas long as short
Lighter RH ETH+0.0096%1h2,729.2+0.035%$23.6M$95.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,728.3+0.002%—$30.5M500xas long as short
Aevo ETH-PERPshort+0.0096%1h2,725.9−0.084%$4.9M$193K20x
Katana Perps ETH-USD+0.0100%8h2,727.8−0.016%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.1+0.104%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,728−0.010%$14.1M$103.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.9+0.098%$3.10B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,728.5+0.008%$32.1M$332.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728−0.008%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.2−0.001%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.1−0.041%$161.7M$337.0M25xas long as short
Bitget ETHUSDT+0.0100%8h2,728.6+0.012%$2.11B$2.76B150xas long as short
BingX ETH-USDT+0.0100%8h2,728−0.007%—$1.05B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.6−0.022%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,727.3−0.034%$131.3M$315.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.6−0.097%$185.4M$684.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6−0.061%$158.5M$80.6M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6−0.132%$8.4M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,728.8+0.021%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.1+0.068%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730+0.065%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.5+0.010%$178K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.3+0.001%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.7+0.126%$40.6M$29.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.4−0.030%$54.3M$182.6M40xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,727.5−0.028%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.055%$30.4M$71.1M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,727.9−0.012%$81.9M$310.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.4+0.006%$46.6M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,728.7+0.018%$5.6M$11.6M25xas long as short
BloFin ETH-USDT+0.0144%8h2,726.8−0.053%$282.7M$177.5M150xas long as short
Reya ETHRUSDPERP+0.0175%1h2,727.8−0.016%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730+0.066%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,725.2−0.111%$117K$19.3M52xas long as short