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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+0.0110%/8h= +12.1% APRnext payment +$1.10 per $10,000 · paid last 24h −0.002%
Price spread now: Kalshi against BingX−0.004%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Long on BingXShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,780.80.0014pay 0.0014% / 8h57m 04s—$1.21B—
ShortKalshi KXETHPERP2,780.70.0124get 0.0124% / 8h4h 57m$8.3M$681.6M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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
$23.12
Price spread: −0.004% → 0.000%
−$0.4
Slippage, 4 orders
−$1.17
Fee BingX: 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$1.56
Costs to cover
0.212%
Break-even
6.5 days
Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago0.04 bp5.1 bp −$55.1 bp −$515.4 bp −$5416.0 bp −$3,020
Sell Kalshi live order book, 2 min ago0.36 bp5.4 bp −$57.1 bp −$7110.5 bp −$1,05116.4 bp −$8,180

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%43m2,779.7−0.039%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.8−0.038%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.7−0.112%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7−0.040%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.4−0.015%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,779.4−0.050%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.076%$881K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,777.9−0.103%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.4+0.021%$22.5M—200xas long as short
BingX ETH-USDTlong+0.0014%8h2,780.8long leg—$1.21B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,781.4+0.021%$1.70B$11.89B100xas long as short
Phemex ETHUSDT+0.0022%8h2,780.5−0.010%$270.9M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,781.3+0.018%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,780.5−0.010%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0033%8h2,780.8−0.001%$254.9M$996.0M200xas long as short
ApeX Omni ETHUSDT+0.0049%1h2,776.4−0.160%$8.8M$32.7M100xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,782.1+0.048%$258.7M$222.8M50xas long as short
Binance ETHUSDT+0.0061%8h2,781+0.006%$6.45B$17.24B150xas long as short
MEXC ETH_USDT+0.0061%8h2,780.6−0.008%$1.60B$2.62B500xas long as short
Nado ETH-PERP+0.0062%1h2,780.2−0.022%$14.3M$118.2M50xas long as short
Bitget ETHUSDT+0.0064%8h2,780.8−0.001%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,779.4−0.049%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,780.7−0.003%$3.31B$9.56B200xas long as short
SoDEX ETH-USD+0.0084%1h2,780.7−0.004%$55.4M$229.0M40xas long as short
HTX ETH-USDT+0.0088%8h2,780.3−0.019%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782+0.044%$60.2M$4.61B50xas long as short
Bybit ETHUSDT+0.0090%8h2,781.4+0.019%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,780.5−0.012%$423.7M$739.4M100xas long as short
Vest ETH-PERP+0.0095%1h2,780.5−0.010%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,781+0.005%$115.3M$492.8M50xas long as short
Lighter RH ETH+0.0096%1h2,782.6+0.065%$25.5M$120.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,779.2−0.057%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.9−0.033%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.5+0.097%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,779.7−0.040%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779−0.065%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,781.1+0.009%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.103%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.7−0.003%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.176%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.8−0.143%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9−0.141%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,779.1−0.061%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782+0.043%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780.7−0.003%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,782.9+0.076%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.1−0.027%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,780.2−0.021%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,781.3+0.018%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,781.9+0.041%$86.6M$332.6M100xas long as short
Kalshi KXETHPERPshort+0.0124%8h2,780.7−0.004%$8.3M$681.6M4.9x
Orderly PERP_ETH_USDC+0.0135%8h2,783.5+0.095%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,780.3−0.017%$285.2M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,780.7−0.006%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,780.2−0.021%$270K$1.5M20xas long as short