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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+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.005%
Price spread now: Aevo against 01 Exchange+0.009%7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Long on 01 ExchangeShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.034%+$3 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.009%, 7d avg −0.085%
Together, before fees−0.088%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.094% dearer against 01 Exchange than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,770.8−0.0008get 0.0001% / 1h58m 17s$168K$1.2M50x
ShortAevo ETH-PERP2,771.10.0056get 0.0007% / 1h58m 17s$5.0M$316K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against 01 Exchange. 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
$13.44
Price spread: +0.009% → −0.085%
$9.41
Slippage, 4 orders
−$26.84
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$26.99
Costs to cover
0.498%
Break-even
21.1 days
Slippage from 01 Exchange: 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 01 Exchange live order book, 1 min ago0.18 bp6.4 bp −$614.1 bp −$141doesn't fitdoesn't fit
Sell Aevo live order book, 1 min ago9.02 bp20.1 bp −$2027.3 bp −$27345.3 bp −$4,531doesn'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
Injective ETH/USDC PERP−0.0752%1h2,782+0.404%$119K$22.5M52xas long as short
Perpl ETH−0.0223%43m2,769.8−0.035%$285K$6.8M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8+0.001%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.011%$5K$1K50xas long as short
SoDEX ETH-USD−0.0025%1h2,770.1−0.025%$55.2M$228.8M40xas long as short
Bullet ETH-USD−0.0020%1h2,770.7−0.002%$182K$1.7M20xas long as short
01 Exchange ETHUSDlong−0.0008%1h2,770.8long leg$168K$1.2M50x
ApeX Omni ETHUSDT−0.0005%1h2,773.8+0.108%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,770.4−0.015%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,772+0.043%$8.1M$689.8M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ETH+0.0003%1h2,776+0.188%$877K$3.6M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.2+0.049%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,770.4−0.016%$1.71B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772+0.043%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0034%1h2,774+0.115%$29K$22K20xas long as short
Aster ETHUSDT+0.0036%8h2,771.5+0.025%$255.9M$1.00B200xas long as short
Aevo ETH-PERPshort+0.0056%1h2,771.1+0.009%$5.0M$316K20x
MEXC ETH_USDT+0.0057%8h2,770.9+0.002%$1.61B$2.62B500xas long as short
Binance ETHUSDT+0.0057%8h2,771.6+0.030%$6.46B$17.30B150xas long as short
Bitget ETHUSDT+0.0065%8h2,770.5−0.012%$2.10B$3.08B150xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,771.8+0.035%$259.1M$222.1M50xas long as short
Gate ETH_USDT+0.0071%8h2,770.9+0.002%$3.29B$8.87B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,770.6−0.008%$422.4M$738.7M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,772.2+0.051%$60.7M$4.59B50xas long as short
BingX ETH-USDT+0.0088%8h2,771.4+0.023%—$1.24B—as long as short
Lighter ETH+0.0096%1h2,772+0.043%$115.2M$455.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.4+0.093%$25.3M$109.3M50xas long as short
Vest ETH-PERP+0.0096%1h2,771.7+0.032%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.017%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.022%$489K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.7−0.005%$14.3M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.076%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771+0.007%$31.2M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.7−0.004%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.022%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.021%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5−0.010%$170.6M$266.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.8+0.070%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8+0.109%$151.5M$345.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,773.8+0.109%$182.1M$785.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776+0.189%$161.4M$88.9M50xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.170%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.80.000%$10.6M$8.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,772.9+0.075%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.025%$971K$13.9M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.5−0.009%$1.08B$1.32B200xas long as short
Phemex ETHUSDT+0.0100%8h2,771.1+0.010%$269.9M$68.7M150xas long as short
Extended ETH-USD+0.0104%1h2,769.6−0.042%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.1+0.082%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.6+0.029%$90.7M$338.5M100xas long as short
Orderly PERP_ETH_USDC+0.0145%8h2,773+0.080%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0177%8h2,773.3+0.089%$286.9M$193.4M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,777.1+0.228%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,770.2−0.020%$7.3M$1.2M25xas long as short
Bluefin ETH-PERP+0.0421%1h2,771.7+0.034%$21K$24K25xas long as short