ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%

Price spread now: Aevo against SoDEX−0.118%57s7-day average −0.050% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.399% of the position

Long on SoDEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.118%, 7d avg −0.050%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.068% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.050%). If the spread goes back, that is −$7 on $10k: about 9.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.002% in total) that is about 3 months. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,730.6	0.0071	pay 0.0009% / 1h	3m 18s	$54.4M	$187.2M	40x
Short	Aevo ETH-PERP	2,727.4	0.0096	get 0.0012% / 1h	3m 18s	$4.9M	$174K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SoDEX. 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 SoDEXbpFee AevobpOrdersPrice spread, now −0.118%Rate

Funding earned: $5.28
Price spread: −0.118% → −0.050%: −$6.8
Slippage, 4 orders: −$15.89
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$41.41
Costs to cover: 0.399%
Break-even: 61.9 days

Slippage from SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 1 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.9 bp −$592	29.3 bp −$14.7K
Sell Aevo live order book, 1 min ago	3.97 bp	19.4 bp −$19	28.1 bp −$281	45.1 bp −$4,512	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
Hotstuff ETH-PERP	−0.0080%	1h	2,731.4	+0.029%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.132%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.7	−0.032%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,734.4	+0.139%	$814K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,731.3	+0.024%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.8	+0.044%	$6.6M	$682.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,731.6	+0.037%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.7	+0.042%	$262.5M	$213.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.2	+0.020%	$33.0M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	+0.070%	$8.6M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,731.6	+0.037%	$191K	$890K	50x	as long as short
BingX ETH-USDT	+0.0022%	8h	2,729.4	−0.045%	—	$1.10B	—	as long as short
Bybit ETHUSDT	+0.0027%	8h	2,729.9	−0.027%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,731	+0.016%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,730.3	−0.010%	$385.8M	$577.7M	100x	as long as short
SoDEX ETH-USDlong	+0.0071%	1h	2,730.6	long leg	$54.4M	$187.2M	40x
OKX ETH-USDT-SWAP	+0.0080%	8h	2,729.9	−0.026%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,729.7	−0.031%	$252.9M	$846.8M	200x	as long as short
Phemex ETHUSDT	+0.0091%	8h	2,730.8	+0.008%	$262.9M	$64.5M	150x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,730.7	+0.004%	$188K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,729.4	−0.044%	$6.33B	$16.11B	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,729.6	−0.036%	$1.54B	$2.61B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,731.5	+0.033%	$112.7M	$439.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.5	+0.070%	$23.5M	$103.5M	50x	as long as short
Aevo ETH-PERPshort	+0.0096%	1h	2,727.4	−0.118%	$4.9M	$174K	20x
Katana Perps ETH-USD	+0.0100%	8h	2,730.7	+0.004%	$502K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.8	+0.153%	$15.4M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.9	+0.010%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,732.6	+0.073%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.9	+0.049%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.7	+0.004%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.6	+0.037%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,731.8	+0.044%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,730.1	−0.019%	$3.31B	$9.05B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.2	−0.016%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.1	+0.018%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.5	+0.071%	$134.3M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.3	+0.064%	$185.8M	$683.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.5	+0.068%	$158.8M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732	+0.051%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732	+0.050%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.6	+0.037%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,730.6	−0.001%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.074%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,730.5	−0.003%	$957K	$10.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,732.7	+0.078%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.7	−0.032%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,731.6	+0.036%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.8	+0.045%	$46.5M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,731.6	+0.035%	$5.6M	$11.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0120%	1h	2,731.7	+0.042%	$243K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,732.2	+0.059%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0187%	1h	2,729.1	−0.056%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,731.1	+0.018%	$82.1M	$309.7M	100x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,731.7	+0.039%	$281.4M	$176.1M	150x	as long as short