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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 01:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.018%
Price spread now: Aevo against Reya−0.072%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.060%−$6 on $10k
Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.072%, 7d avg −0.042%
Together, before fees−0.067%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.029% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,768.90.0210pay 0.0026% / 1h34m 34s$7.3M$1.2M25x
ShortAevo ETH-PERP2,766.90.0056get 0.0007% / 1h34m 34s$5.0M$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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
−$32.35
Price spread: −0.072% → −0.042%
−$2.95
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$57.3
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Aevo: live order book, 5 min ago. 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 Reya no order-book sample—————
Sell Aevo live order book, 5 min ago4.66 bp22.8 bp −$2332.0 bp −$32051.2 bp −$5,122doesn't fit
Reya: 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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.215%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8+0.071%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,768.5−0.014%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771+0.078%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.3+0.052%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.096%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.077%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.9+0.037%$22.4M—200xas long as short
Phemex ETHUSDT+0.0009%8h2,768.8−0.002%$269.5M$67.4M150xas long as short
Bullet ETH-USD+0.0023%1h2,768.8−0.002%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0024%8h2,770.4+0.054%$1.71B$11.21B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,769.5+0.023%$12.7M—200xas long as short
SoDEX ETH-USD+0.0037%1h2,769.3+0.016%$55.2M$187.9M40xas long as short
Aster ETHUSDT+0.0039%8h2,769.9+0.039%$256.6M$886.5M200xas long as short
Binance ETHUSDT+0.0054%8h2,770.1+0.045%$6.47B$16.39B150xas long as short
MEXC ETH_USDT+0.0055%8h2,770+0.040%$1.63B$2.63B500xas long as short
Aevo ETH-PERPshort+0.0056%1h2,766.9−0.072%$5.0M$165K20x
HTX ETH-USDT+0.0062%8h2,769.1+0.008%$1.08B$1.26B200xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.6+0.135%$31K$23K20xas long as short
Bitget ETHUSDT+0.0071%8h2,770.4+0.056%$2.10B$2.88B150xas long as short
Deribit ETH-PERPETUAL+0.0071%1h2,770.7+0.068%$259.1M$207.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.2+0.049%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,770.6+0.065%$420.1M$633.5M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.2+0.047%—$878K50xas long as short
Gate ETH_USDT+0.0089%8h2,770.3+0.054%$3.35B$8.97B200xas long as short
Lighter ETH+0.0096%1h2,770.7+0.067%$115.2M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,772.1+0.117%$25.8M$111.2M50xas long as short
SunX ETH-USDT+0.0098%8h2,771.9+0.108%$973K$13.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.8+0.069%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4+0.056%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769+0.007%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5+0.132%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.7+0.067%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.4+0.057%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2+0.049%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.092%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8+0.036%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.5+0.060%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.3+0.052%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.124%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,773+0.148%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.094%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.117%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.135%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.8−0.002%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.2+0.049%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.4+0.092%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,769.8+0.035%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.7+0.029%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,770.6+0.063%$7.9M$683.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.5+0.060%$93.3M$317.0M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,772+0.114%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.181%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.015%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERPlong+0.0210%1h2,768.9long leg$7.3M$1.2M25x