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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 20:00 UTC+0.0011%/8hpaid last 24h +0.007%
Price spread now: Aevo against Phemex−0.062%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Long on PhemexShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.062%, 7d avg −0.059%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,762.60.0029pay 0.0029% / 8h4h 06m$267.1M$64.5M150x
ShortAevo ETH-PERP2,760.90.0040get 0.0005% / 1h6m 39s$5.0M$651K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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
$2.36
Price spread: −0.062% → −0.059%
−$0.37
Slippage, 4 orders
−$50.99
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$77
Costs to cover
0.790%
Break-even
235.1 days
Slippage from Phemex: live order book, 2 min ago; Aevo: live order book, 2 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 Phemex live order book, 2 min ago0.02 bp6.0 bp −$66.8 bp −$689.9 bp −$99013.2 bp −$6,599
Sell Aevo live order book, 2 min ago25.10 bp33.7 bp −$3438.2 bp −$382doesn'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−0.0223%43m2,762.1−0.018%$269K$6.6M8.3xas long as short
Injective ETH/USDC PERP−0.0208%1h2,761.8−0.030%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,761.1−0.055%$5K$2K50xas long as short
SoDEX ETH-USD−0.0019%1h2,762.1−0.019%$55.7M$184.4M40xas long as short
Phoenix ETH−0.0003%1h2,762.9+0.010%$928K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,763.2+0.019%$13.5M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,763.6+0.034%$22.4M—200xas long as short
Bulk ETH-USD+0.0012%1h2,762.6−0.002%$165.0M$265.6M25xas long as short
OKX ETH-USDT-SWAP+0.0016%8h2,760.3−0.085%$1.73B$11.31B100xas long as short
ApeX Omni ETHUSDT+0.0018%1h2,761.7−0.034%$8.4M$28.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0018%1h2,764.2+0.055%$258.4M$209.2M50xas long as short
GMX ETH/USD [ETH-USDC]L +0.0020% / S +0.0013%1h2,763.6+0.035%$12.3M—200xas long as short
Bullet ETH-USD+0.0022%1h2,762.4−0.009%$194K$1.8M20xas long as short
01 Exchange ETHUSD+0.0024%1h2,763.8+0.042%$178K$1.2M50xas long as short
Phemex ETHUSDTlong+0.0029%8h2,762.6long leg$267.1M$64.5M150x
MEXC ETH_USDT+0.0038%8h2,760.4−0.079%$1.62B$2.48B500xas long as short
Binance ETHUSDT+0.0039%8h2,760.8−0.066%$6.57B$16.31B150xas long as short
Aevo ETH-PERPshort+0.0040%1h2,760.9−0.062%$5.0M$651K20x
RISEx ETH/USDC+0.0044%1h2,761.7−0.035%$5.8M$12.2M25xas long as short
Gate ETH_USDT+0.0051%8h2,760.6−0.072%$3.35B$9.26B200xas long as short
Aster ETHUSDT+0.0057%8h2,761.9−0.028%$268.3M$947.3M200xas long as short
Bitget ETHUSDT+0.0073%8h2,760.8−0.066%$2.09B$3.00B150xas long as short
Aftermath Perps ETHUSD+0.0075%1h2,763.6+0.034%$29K$20K20xas long as short
Variational Omni ETH+0.0092%8h2,760.4−0.082%$139.7M$304.4M—as long as short
Lighter ETH+0.0096%1h2,761.3−0.049%$115.1M$498.6M50xas long as short
Lighter RH ETH+0.0096%1h2,762.9+0.010%$25.5M$122.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,763.1+0.015%—$44.1M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,765.4+0.100%$15.8M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,762.7+0.003%$481K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,761.4−0.044%$17.3M$112.7M50xas long as short
Pacifica ETH+0.0100%1h2,761.5−0.041%$31.2M$265.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,760.6−0.073%$2.53B$4.42B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,760.8−0.066%$2.9M$15.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,762.4−0.007%$2.9M$16.9M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,761−0.059%$413.3M$711.2M100xas long as short
BingX ETH-USDT+0.0100%8h2,760.7−0.071%—$1.15B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,762.7+0.001%$15.3M$41.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,761.2−0.051%$179.7M$749.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,761.6−0.038%$160.6M$95.7M50xas long as short
StandX ETH-USD+0.0100%1h2,762.1−0.019%$21.3M$56.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.7+0.075%$11.4M$7.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,763.8+0.043%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.7+0.110%$42.9M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,761.2−0.050%$968K$14.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,761.8−0.031%$1.08B$1.24B200xas long as short
Vest ETH-PERP+0.0100%1h2,763+0.013%—$1.1M50xas long as short
Hyperliquid ETH+0.0101%1h2,763.6+0.035%$3.23B$2.20B25xas long as short
Extended ETH-USD+0.0104%1h2,760.3−0.085%$31.5M$75.6M50xas long as short
Orderly PERP_ETH_USDC+0.0113%8h2,765.4+0.102%$32.5M$11.1M100xas long as short
Kalshi KXETHPERP+0.0128%8h2,763.2+0.021%$8.6M$642.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0128%1h2,764.1+0.052%$59.6M$4.57B50xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,763.6+0.034%$278K$1.5M20xas long as short
BloFin ETH-USDT+0.0154%8h2,762.2−0.017%$292.7M$186.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0163%1h2,763.7+0.040%$85.4M$322.1M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,761.6−0.037%$7.5M$936K25xas long as short