Settings8H · net · $10k
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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 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.023%
Price spread now: Kraken Futures against Bulk−0.001%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Long on BulkShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now −0.001%, 7d avg −0.011%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,7290.0100pay 0.0013% / 1h52m 33s$162.7M$352.6M25x
ShortKraken Futures PF_ETHUSD2,728.90.0060get 0.0007% / 1h52m 33s$82.0M$309.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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
−$8.41
Price spread: −0.001% → −0.011%
$1.01
Slippage, 4 orders
−$1.54
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$25.94
Costs to cover
0.185%
Break-even
never at this rate
Slippage from Bulk: live order book, 2 min ago; Kraken Futures: 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 Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.8 bp −$3805.2 bp −$2,604
Sell Kraken Futures live order book, 2 min ago0.18 bp5.6 bp −$66.4 bp −$648.1 bp −$80611.1 bp −$5,556

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−0.0132%1h2,727.7−0.047%$8.6M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.3+0.012%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730+0.038%$812K$3.0M25xas long as short
BloFin ETH-USDT−0.0011%8h2,728.3−0.027%$281.5M$177.2M150xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6−0.016%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,729.2+0.007%$10.5M$42.7M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.3+0.012%$6.5M$681.1M4.9xas long as short
Perpl ETH0.0000%43m2,728.3−0.024%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.2+0.008%$262.4M$212.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,728.7−0.010%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0020%8h2,727.1−0.071%—$18.6M—as long as short
Bybit ETHUSDT+0.0024%8h2,728.6−0.013%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,727.9−0.041%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,729.3+0.012%$192K$891K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,731.1+0.078%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSDshort+0.0060%1h2,728.9−0.001%$82.0M$309.7M100x
KuCoin ETHUSDTM+0.0068%8h2,728.9−0.005%$384.8M$577.7M100xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,728.7−0.011%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0080%8h2,729−0.001%$252.8M$848.8M200xas long as short
MEXC ETH_USDT+0.0093%8h2,728.1−0.032%$1.54B$2.55B500xas long as short
Binance ETHUSDT+0.0093%8h2,728.8−0.005%$6.31B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,729.3+0.012%$112.6M$429.0M50xas long as short
Lighter RH ETH+0.0096%1h2,730.3+0.050%$23.5M$101.8M50xas long as short
Hibachi ETH/USDT-P+0.0096%1h2,731.5+0.092%$242K$1.4M20xas long as short
Aevo ETH-PERP+0.0096%1h2,725.8−0.118%$4.9M$179K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4−0.021%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.3+0.123%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.5−0.018%$14.0M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,731+0.074%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,729.5+0.019%$32.2M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.7−0.047%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.1+0.003%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.3−0.027%$3.30B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.9−0.001%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.6−0.015%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.9−0.076%$133.9M$319.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.6−0.051%$185.5M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.3+0.012%$158.6M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.1+0.005%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.4+0.053%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730+0.038%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.7−0.009%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.9−0.003%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.5+0.056%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.4−0.023%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,728.3−0.025%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,728.9−0.002%$262.9M$64.5M150xas long as short
Bulk ETH-USDlong+0.0100%1h2,729long leg$162.7M$352.6M25x
Aftermath Perps ETHUSD+0.0102%1h2,729.9+0.034%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.1−0.070%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.3+0.013%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729.3+0.013%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,729.4+0.015%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,730.3+0.047%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0185%1h2,728−0.035%$7.3M$975K25xas long as short