ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0262%/8h= +28.7% APRnext payment +$0.33 per $10,000 · paid last 24h −0.008%

Price spread now: Aevo against RISEx−0.032%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now −0.032%, 7d avg −0.080%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aevo is 0.048% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.080%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.040% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,769.6	−0.0206	get 0.0026% / 1h	21m 39s	$5.6M	$11.9M	25x
Short	Aevo ETH-PERP	2,768.7	0.0056	get 0.0007% / 1h	21m 39s	$5.0M	$636K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee AevobpOrdersPrice spread, now −0.032%Rate

Funding earned: $55.09
Price spread: −0.032% → −0.080%: $4.76
Slippage, 4 orders: −$17.53
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $20.31
Costs to cover: 0.395%
Break-even: 4.4 days

Slippage from RISEx: live order book, 2 min ago; Aevo: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 2 min ago	0.02 bp	3.0 bp −$3	3.6 bp −$36	282.1 bp −$28.2K	doesn't fit
Sell Aevo live order book, 3 min ago	8.00 bp	16.1 bp −$16	27.0 bp −$270	43.9 bp −$4,392	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0223%	43m	2,771.5	+0.069%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDClong	−0.0206%	1h	2,769.6	long leg	$5.6M	$11.9M	25x
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.445%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.4	−0.006%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0039%	1h	2,768.4	−0.042%	$8.8M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,770.7	+0.041%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.9	+0.014%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,771.1	+0.055%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.4	+0.103%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0016%	8h	2,769	−0.020%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,769.1	−0.018%	$1.70B	$11.87B	100x	as long as short
Aftermath Perps ETHUSD	+0.0024%	1h	2,771.7	+0.076%	$29K	$22K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,772.3	+0.097%	$12.8M	—	200x	as long as short
Aster ETHUSDT	+0.0030%	8h	2,770.7	+0.041%	$255.7M	$1.00B	200x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,770.6	+0.037%	$55.2M	$229.0M	40x	as long as short
Phemex ETHUSDT	+0.0035%	8h	2,771.2	+0.060%	$270.3M	$68.9M	150x	as long as short
Bullet ETH-USD	+0.0045%	1h	2,771.4	+0.067%	$182K	$1.7M	20x	as long as short
Aevo ETH-PERPshort	+0.0056%	1h	2,768.7	−0.032%	$5.0M	$636K	20x
MEXC ETH_USDT	+0.0057%	8h	2,769.1	−0.018%	$1.61B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,769.4	−0.006%	$6.45B	$17.31B	150x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,769.1	−0.018%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0069%	8h	2,769.2	−0.012%	$3.28B	$9.67B	200x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,769.3	−0.010%	$420.7M	$739.6M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,769.2	−0.013%	$2.50B	$4.63B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,772.4	+0.101%	$60.1M	$4.59B	50x	as long as short
Vest ETH-PERP	+0.0094%	1h	2,771.1	+0.054%	—	$1.1M	50x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,770.8	+0.045%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,769.9	+0.010%	$115.1M	$499.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771.5	+0.068%	$25.3M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.7	+0.006%	—	$43.4M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,768.8	−0.027%	$15.9M	$10.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.4	−0.006%	$476K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.3	+0.063%	$14.3M	$118.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.8	+0.117%	$3.18B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.1	+0.018%	$31.2M	$312.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.5	−0.002%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.5	+0.033%	$2.7M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.9	+0.120%	$167.0M	$259.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	+0.061%	$15.1M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	+0.027%	$147.5M	$336.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.5	−0.040%	$181.7M	$783.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.2	+0.060%	$161.1M	$89.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,767.1	−0.089%	$21.4M	$58.6M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.9	+0.084%	$10.7M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.8	+0.080%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.8	+0.080%	$972K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.5	+0.141%	$42.7M	$29.4M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	−0.036%	$32.5M	$78.2M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0107%	1h	2,772.5	+0.104%	$259.0M	$222.4M	50x	as long as short
Kalshi KXETHPERP	+0.0113%	8h	2,770.9	+0.048%	$8.3M	$687.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,772	+0.087%	$88.8M	$337.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0141%	8h	2,773.9	+0.155%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,768.9	−0.023%	$287.2M	$194.3M	150x	as long as short
Reya ETHRUSDPERP	+0.0203%	1h	2,771.1	+0.056%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0224%	1h	2,768.9	−0.024%	$251K	$1.6M	20x	as long as short