ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h −0.001%

Price spread now: Kalshi against Bitget−0.041%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.041%, 7d avg −0.007%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 2.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ETHUSDT	2,765.8	0.0074	pay 0.0074% / 8h	2h 38m	$2.09B	$3.13B	150x
Short	Kalshi KXETHPERP	2,764.7	0.0117	get 0.0117% / 8h	6h 38m	$8.6M	$672.5M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee KalshibpOrdersPrice spread, now −0.041%Rate

Funding earned: $9
Price spread: −0.041% → −0.007%: −$3.43
Slippage, 4 orders: −$1.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$17.54
Costs to cover: 0.231%
Break-even: 20.6 days

Slippage from Bitget: live order book, 6 min ago; Kalshi: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 6 min ago	0.02 bp	6.0 bp −$6	6.9 bp −$69	8.1 bp −$813	doesn't fit
Sell Kalshi live order book, 6 min ago	0.18 bp	5.7 bp −$6	7.0 bp −$70	10.3 bp −$1,035	17.2 bp −$8,592

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,764.8	−0.037%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	+0.009%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,763.9	−0.070%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0072%	1h	2,765.2	−0.022%	$10.4M	$30.9M	100x	as long as short
01 Exchange ETHUSD	−0.0064%	1h	2,765.3	−0.020%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,766.8	+0.035%	$794K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,765.2	−0.023%	$5.8M	$11.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,764	−0.065%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.6	+0.062%	$22.3M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0022%	8h	2,766.4	+0.021%	$1.70B	$11.83B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps ETHUSD	+0.0024%	1h	2,767.7	+0.066%	$29K	$21K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,767.3	+0.054%	$13.1M	—	200x	as long as short
Phemex ETHUSDT	+0.0030%	8h	2,763.3	−0.091%	$265.9M	$66.0M	150x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,765.6	−0.007%	$255.7M	$995.5M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,766.3	+0.017%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,766.9	+0.038%	$6.43B	$17.18B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,764.5	−0.048%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0064%	8h	2,766.7	+0.032%	$3.29B	$9.59B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0068%	1h	2,764.9	−0.034%	$258.4M	$224.4M	50x	as long as short
Bitget ETHUSDTlong	+0.0074%	8h	2,765.8	long leg	$2.09B	$3.13B	150x
Bullet ETH-USD	+0.0085%	1h	2,766.2	+0.012%	$183K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,765.4	−0.017%	$140.3M	$319.1M	—	as long as short
Lighter ETH	+0.0096%	1h	2,764.3	−0.055%	$115.3M	$510.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,765.6	−0.008%	$25.3M	$122.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,765.7	−0.006%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,764.5	−0.050%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,765.3	−0.020%	$480K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,764.4	−0.051%	$14.8M	$116.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,768.3	+0.089%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,765.1	−0.027%	$31.1M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,766.7	+0.030%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,764.1	−0.063%	$2.8M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,766.9	+0.038%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.5	−0.011%	$164.9M	$254.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,765.8	−0.001%	$424.5M	$742.8M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,766.3	+0.018%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,763.3	−0.093%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,765.4	−0.016%	$177.8M	$790.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.7	−0.005%	$160.8M	$97.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,766.5	+0.024%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,766.2	+0.015%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.2	+0.049%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.2	+0.048%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,765.8	−0.001%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,764.6	−0.046%	$969K	$14.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,763	−0.103%	$55.0M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,762.9	−0.106%	$1.07B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,766.4	+0.020%	$31.4M	$76.2M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,764.6	−0.045%	$60.0M	$4.62B	50x	as long as short
Kalshi KXETHPERPshort	+0.0117%	8h	2,764.7	−0.041%	$8.6M	$672.5M	4.9x
Orderly PERP_ETH_USDC	+0.0131%	8h	2,769.7	+0.138%	$32.5M	$11.9M	100x	as long as short
BloFin ETH-USDT	+0.0165%	8h	2,763.1	−0.098%	$285.6M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,765.1	−0.027%	$7.4M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,764.3	−0.057%	$88.2M	$330.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0416%	1h	2,767.9	+0.075%	$272K	$1.5M	20x	as long as short