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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−0.0066%/8h= −7.2% APRnext payment −$0.66 per $10,000 · paid last 24h −0.038%
Price spread now: KuCoin against BloFin−0.012%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Long on BloFinShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.241%−$24 on $10k
Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.012%, 7d avg +0.001%
Together, before fees−0.141%−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,773.20.0166pay 0.0166% / 8h2h 27m$285.3M$195.4M150x
ShortKuCoin ETHUSDTM2,772.90.0100get 0.0100% / 8h2h 27m$424.0M$740.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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
−$13.79
Price spread: −0.012% → +0.001%
−$1.32
Slippage, 4 orders
−$0.66
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$39.77
Costs to cover
0.247%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; KuCoin: 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 BloFin live order book, 7 min ago0.05 bp6.2 bp −$66.4 bp −$647.9 bp −$7899.5 bp −$4,759
Sell KuCoin live order book, 2 min ago0.02 bp6.0 bp −$68.1 bp −$8110.3 bp −$1,030doesn'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
Perpl ETH−0.0112%43m2,771.5−0.061%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.256%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9−0.047%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,771.7−0.054%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,768.8−0.158%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9−0.047%$5.8M$11.8M25xas long as short
ApeX Omni ETHUSDT−0.0008%1h2,768.6−0.167%$8.8M$32.5M100xas long as short
dYdX ETH-USD0.0000%1h2,772.3−0.034%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,769.1−0.147%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.6+0.016%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0012%8h2,772.6−0.022%$266.9M$66.1M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,773.2+0.001%$1.71B$11.88B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,773.5+0.010%$13.2M—200xas long as short
Aster ETHUSDT+0.0036%8h2,773.2−0.001%$256.3M$995.8M200xas long as short
MEXC ETH_USDT+0.0045%8h2,773.5+0.011%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0046%8h2,773.5+0.010%$6.43B$17.21B150xas long as short
Aevo ETH-PERP+0.0048%1h2,770.9−0.082%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0069%8h2,773.6+0.013%$3.30B$9.64B200xas long as short
Bitget ETHUSDT+0.0073%8h2,773.6+0.013%$2.10B$3.12B150xas long as short
Bullet ETH-USD+0.0079%1h2,772.6−0.021%$184K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,768.2−0.179%$140.3M$320.2M—as long as short
Lighter ETH+0.0096%1h2,773.8+0.021%$115.3M$513.0M50xas long as short
Lighter RH ETH+0.0096%1h2,775+0.064%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.7−0.017%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.5−0.061%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8−0.050%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.6−0.056%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.5+0.083%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,772.1−0.039%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.4+0.008%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.5−0.061%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.7+0.019%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.262%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTMshort+0.0100%8h2,772.9−0.012%$424.0M$740.9M100x
BingX ETH-USDC+0.0100%8h2,773−0.005%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774+0.031%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.235%$177.8M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.6−0.165%$161.0M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,769.6−0.129%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1−0.038%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.4+0.008%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.3+0.004%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.3+0.076%$42.7M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,771−0.079%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,773.1−0.003%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,772.5−0.025%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,773−0.006%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,775.1+0.070%$60.2M$4.62B50xas long as short
Kalshi KXETHPERP+0.0116%8h2,773−0.007%$8.6M$672.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,775.7+0.091%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,774.8+0.057%$258.4M$224.7M50xas long as short
BloFin ETH-USDTlong+0.0166%8h2,773.2long leg$285.3M$195.4M150x
Reya ETHRUSDPERP+0.0182%1h2,772−0.042%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,774.3+0.041%$86.9M$330.6M100xas long as short
Hibachi ETH/USDT-P+0.0424%1h2,771.5−0.060%$285K$1.5M20xas long as short