Settings8H · net · $10k
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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 00:00 UTC+0.0022%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Kraken Futures against Arcus+0.032%7-day average −0.027% · 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−$11as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Long on ArcusShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.011%−$1 on $10k
Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.032%, 7d avg −0.027%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.059% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,781.10.0100pay 0.0013% / 1h56m 54s$2.7M$17.1M25x
ShortKraken Futures PF_ETHUSD2,781.90.0122get 0.0015% / 1h56m 54s$86.6M$332.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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
$4.72
Price spread: +0.032% → −0.027%
$5.88
Slippage, 4 orders
−$2.55
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$6.46
Costs to cover
0.171%
Break-even
16.6 days
Slippage from Arcus: live order book, 2 min ago; Kraken Futures: 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 Arcus live order book, 2 min ago0.02 bp2.6 bp −$33.4 bp −$347.7 bp −$771doesn't fit
Sell Kraken Futures live order book, 2 min ago0.18 bp6.0 bp −$67.2 bp −$728.9 bp −$88712.8 bp −$6,415

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−0.0447%43m2,779.7−0.047%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.8−0.046%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.7−0.120%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7−0.049%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.4−0.023%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,779.4−0.058%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.085%$881K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,777.9−0.112%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.4+0.013%$22.5M—200xas long as short
BingX ETH-USDT+0.0014%8h2,781.9+0.030%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,782+0.034%$1.70B$11.90B100xas long as short
Phemex ETHUSDT+0.0022%8h2,780.5−0.018%$270.9M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,781.3+0.009%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,780.5−0.019%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0033%8h2,781.6+0.018%$255.0M$998.1M200xas long as short
ApeX Omni ETHUSDT+0.0049%1h2,776.4−0.169%$8.8M$32.7M100xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,782.1+0.039%$258.7M$222.8M50xas long as short
Binance ETHUSDT+0.0061%8h2,782+0.033%$6.45B$17.24B150xas long as short
MEXC ETH_USDT+0.0061%8h2,781.3+0.009%$1.60B$2.62B500xas long as short
Nado ETH-PERP+0.0062%1h2,780.2−0.031%$14.3M$118.2M50xas long as short
Bitget ETHUSDT+0.0064%8h2,781.3+0.009%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,779.4−0.058%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,781.8+0.027%$3.31B$9.56B200xas long as short
SoDEX ETH-USD+0.0084%1h2,780.7−0.013%$55.4M$229.0M40xas long as short
HTX ETH-USDT+0.0088%8h2,780.3−0.027%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782+0.036%$60.2M$4.61B50xas long as short
Bybit ETHUSDT+0.0090%8h2,782.1+0.036%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,780.8−0.008%$423.8M$739.4M100xas long as short
Vest ETH-PERP+0.0095%1h2,780.5−0.019%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,781−0.004%$115.3M$492.8M50xas long as short
Lighter RH ETH+0.0096%1h2,782.6+0.056%$25.5M$120.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,779.2−0.065%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.9−0.041%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.5+0.088%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,779.7−0.049%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779−0.074%$2.8M$17.2M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,781.1long leg$2.7M$17.1M25x
Bulk ETH-USD+0.0100%1h2,777.9−0.112%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.7−0.012%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.184%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.8−0.151%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9−0.149%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,779.1−0.070%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782+0.034%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780.7−0.012%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,782.9+0.067%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.1−0.036%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,780.8−0.010%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,781.3+0.009%—$41.8M500xas long as short
Kraken Futures PF_ETHUSDshort+0.0122%1h2,781.9+0.032%$86.6M$332.6M100x
Kalshi KXETHPERP+0.0124%8h2,780.7−0.013%$8.3M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,783.5+0.087%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,780.3−0.026%$285.2M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,780.7−0.014%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,780.2−0.030%$270K$1.5M20xas long as short