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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 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.002%
Price spread now: Kalshi against ApeX Omni+0.160%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on ApeX OmniShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.160%, 7d avg −0.011%
Together, before fees−0.078%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.171% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,768.6−0.0008get 0.0001% / 1h27m 04s$8.8M$32.5M100x
ShortKalshi KXETHPERP2,7730.0116get 0.0116% / 8h6h 27m$8.6M$672.3M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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
$26.09
Price spread: +0.160% → −0.011%
$17.15
Slippage, 4 orders
−$1.35
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$21.89
Costs to cover
0.213%
Break-even
1.1 days
Slippage from ApeX Omni: live order book, 2 min ago; Kalshi: 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 ApeX Omni live order book, 2 min ago0.18 bp5.2 bp −$55.2 bp −$5219.7 bp −$1,96540.3 bp −$20.1K
Sell Kalshi live order book, 2 min ago0.36 bp5.4 bp −$57.6 bp −$7611.8 bp −$1,18017.8 bp −$8,892

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−0.0112%43m2,771.5+0.106%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.089%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9+0.120%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,771.7+0.113%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,768.8+0.008%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9+0.120%$5.8M$11.8M25xas long as short
ApeX Omni ETHUSDTlong−0.0008%1h2,768.6long leg$8.8M$32.5M100x
dYdX ETH-USD0.0000%1h2,772.3+0.133%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,769.1+0.019%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.6+0.183%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0012%8h2,772.6+0.145%$266.9M$66.1M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,773.2+0.168%$1.71B$11.88B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,773.5+0.177%$13.2M—200xas long as short
Aster ETHUSDT+0.0036%8h2,773.2+0.166%$256.3M$995.8M200xas long as short
MEXC ETH_USDT+0.0045%8h2,773.5+0.178%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0046%8h2,773.5+0.177%$6.43B$17.21B150xas long as short
Aevo ETH-PERP+0.0048%1h2,770.9+0.084%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0069%8h2,773.6+0.180%$3.30B$9.64B200xas long as short
Bitget ETHUSDT+0.0073%8h2,773.6+0.180%$2.10B$3.12B150xas long as short
Bullet ETH-USD+0.0079%1h2,772.6+0.146%$184K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,768.2−0.012%$140.3M$320.2M—as long as short
Lighter ETH+0.0096%1h2,773.8+0.187%$115.3M$513.0M50xas long as short
Lighter RH ETH+0.0096%1h2,775+0.231%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.7+0.150%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.5+0.106%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8+0.117%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.6+0.111%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.5+0.250%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,772.1+0.128%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.4+0.174%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.5+0.106%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.7+0.186%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.096%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772.9+0.155%$424.0M$740.9M100xas long as short
BingX ETH-USDC+0.0100%8h2,773+0.161%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774+0.198%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.069%$177.8M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.6+0.002%$161.0M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,769.6+0.037%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.129%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.4+0.174%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.3+0.170%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.3+0.243%$42.7M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,771+0.088%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,773.1+0.164%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,772.5+0.142%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,773+0.161%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,775.1+0.237%$60.2M$4.62B50xas long as short
Kalshi KXETHPERPshort+0.0116%8h2,773+0.160%$8.6M$672.3M4.9x
Orderly PERP_ETH_USDC+0.0131%8h2,775.7+0.258%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,774.8+0.224%$258.4M$224.7M50xas long as short
BloFin ETH-USDT+0.0166%8h2,773.2+0.167%$285.3M$195.4M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,772+0.125%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,774.3+0.208%$86.9M$330.6M100xas long as short
Hibachi ETH/USDT-P+0.0424%1h2,771.5+0.106%$285K$1.5M20xas long as short