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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0313%/8h= +34.3% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against Aster+0.014%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Long on AsterShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.014%, 7d avg −0.003%
Together, before fees+0.072%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,741.40.0042pay 0.0042% / 8h6h 54m$256.8M$856.1M200x
ShortKraken Futures PF_ETHUSD2,741.70.0355get 0.0044% / 1h54m 47s$92.8M$322.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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
$65.76
Price spread: +0.014% → −0.003%
$1.7
Slippage, 4 orders
−$3.59
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$45.87
Costs to cover
0.216%
Break-even
2.1 days
Slippage from Aster: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Aster live order book, 4 min ago0.84 bp4.8 bp −$54.8 bp −$487.0 bp −$70013.2 bp −$6,577
Sell Kraken Futures live order book, 4 min ago0.18 bp5.5 bp −$65.5 bp −$556.5 bp −$65311.0 bp −$5,512

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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.363%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,740.9−0.016%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.049%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,740.2−0.043%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.7−0.060%$11.9M—200xas long as short
Phoenix ETH−0.0003%1h2,756.1+0.538%$862K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,740.6−0.029%$10.9M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.6−0.028%$180K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,740.1−0.045%$22.1M—200xas long as short
BingX ETH-USDC+0.0027%8h2,740.2−0.043%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0034%8h2,740.8−0.020%$1.67B$11.01B100xas long as short
HTX ETH-USDT+0.0037%8h2,740.7−0.023%$1.06B$1.23B200xas long as short
Aster ETHUSDTlong+0.0042%8h2,741.4long leg$256.8M$856.1M200x
MEXC ETH_USDT+0.0054%8h2,741.9+0.021%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0054%8h2,740.7−0.025%$6.35B$16.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,741.4+0.001%$4.9M$166K20xas long as short
Gate ETH_USDT+0.0063%8h2,740.9−0.016%$3.31B$8.66B200xas long as short
Bitget ETHUSDT+0.0082%8h2,740.9−0.017%$2.07B$2.86B150xas long as short
Bullet ETH-USD+0.0085%1h2,739.4−0.071%$182K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0085%8h2,741.5+0.005%$383.0M$606.6M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,753.6+0.448%$30K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,741.6+0.010%$59.5M$4.38B50xas long as short
Variational Omni ETH+0.0095%8h2,741.6+0.008%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,741.1−0.010%$113.0M$437.4M50xas long as short
Lighter RH ETH+0.0096%1h2,742.8+0.054%$25.0M$105.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.4+0.039%—$35.7M500xas long as short
SoDEX ETH-USD+0.0096%1h2,740.4−0.035%$54.6M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746.7+0.193%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9−0.017%$470K$2.8M50xas long as short
Vest ETH-PERP+0.0100%1h2,742+0.023%—$871K50xas long as short
Nado ETH-PERP+0.0100%1h2,741.2−0.006%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.6+0.082%$3.11B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,741.7+0.011%$31.1M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.8−0.020%$2.46B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.5−0.068%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.7−0.023%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.411%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.9−0.018%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.369%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.3+0.291%$159.9M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.9+0.384%$21.3M$65.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3−0.075%$10.3M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,740.4−0.034%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.6+0.047%$41.9M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,740−0.049%$961K$12.7M100xas long as short
Phemex ETHUSDT+0.0100%8h2,741.8+0.015%$266.6M$66.1M150xas long as short
Extended ETH-USD+0.0104%1h2,741.1−0.009%$30.5M$74.7M50xas long as short
Kalshi KXETHPERP+0.0128%8h2,741.7+0.012%$7.6M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h2,742.9+0.054%$32.3M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,743.9+0.093%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,742.1+0.026%$258.8M$202.2M50xas long as short
BloFin ETH-USDT+0.0174%8h2,740−0.050%$284.7M$177.8M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,743.1+0.063%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0216%1h2,739.2−0.079%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSDshort+0.0355%1h2,741.7+0.014%$92.8M$322.0M100x