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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.23 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against Binance+0.012%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on BinanceShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.012%, 7d avg +0.002%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,730.90.0094pay 0.0094% / 8h43m 57s$6.32B$16.14B150x
ShortKuCoin ETHUSDTM2,731.20.0071get 0.0071% / 8h43m 57s$384.8M$576.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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
−$4.91
Price spread: +0.012% → +0.002%
$1.07
Slippage, 4 orders
−$1.15
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.99
Costs to cover
0.231%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 5 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 Binance live order book, 15 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5497.9 bp −$3,964
Sell KuCoin live order book, 5 min ago0.02 bp6.0 bp −$67.3 bp −$739.3 bp −$934doesn'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
BloFin ETH-USDT−0.0175%8h2,731.1+0.008%$281.2M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.045%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.014%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.7+0.066%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.075%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.2+0.048%$6.3M$680.6M4.9xas long as short
Perpl ETH0.0000%43m2,731.9+0.037%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.8+0.069%$262.4M$211.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.8+0.069%$33.0M—200xas long as short
BingX ETH-USDT+0.0019%8h2,730.7−0.008%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,730.6−0.009%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.3+0.015%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.6+0.063%$192K$890K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1+0.044%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.8+0.070%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.1+0.045%$82.0M$309.2M100xas long as short
KuCoin ETHUSDTMshort+0.0071%8h2,731.2+0.012%$384.8M$576.8M100x
Hibachi ETH/USDT-P+0.0072%1h2,733.2+0.087%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,731+0.004%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0082%8h2,730.8−0.004%$252.9M$849.4M200xas long as short
MEXC ETH_USDT+0.0094%8h2,730.9+0.002%$1.56B$2.56B500xas long as short
Binance ETHUSDTlong+0.0094%8h2,730.9long leg$6.32B$16.14B150x
Lighter ETH+0.0096%1h2,731.9+0.036%$112.6M$429.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3+0.088%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.031%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0099%8h2,731.8+0.033%$263.3M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.6+0.027%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.7+0.175%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.6+0.025%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.6+0.100%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.7+0.065%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.8+0.034%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4+0.055%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.050%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.1+0.006%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731+0.004%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731+0.004%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.028%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7+0.031%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.8+0.070%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.1+0.045%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.6+0.099%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.3+0.089%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.4+0.056%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.6+0.062%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.062%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.8−0.003%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,731.4+0.019%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,732.1+0.044%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.2−0.023%$30.4M$72.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732+0.041%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,732.9+0.073%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.9+0.076%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,730.9+0.002%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,734.6+0.136%$32.2M$11.3M100xas long as short