ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.008%

Price spread now: Kraken Futures against Bullet+0.138%51s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Bullet Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.138%, 7d avg +0.013%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.125% dearer against Bullet than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,771.6	0.0022	pay 0.0003% / 1h	39m 28s	$184K	$1.7M	20x
Short	Kraken Futures PF_ETHUSD	2,775.4	0.0134	get 0.0017% / 1h	39m 28s	$93.4M	$322.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bullet. 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 BulletbpFee Kraken FuturesbpOrdersPrice spread, now +0.138%Rate

Funding earned: $23.43
Price spread: +0.138% → +0.013%: $12.49
Slippage, 4 orders: −$5.77
Fee Bullet: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.15
Costs to cover: 0.238%
Break-even: 3.4 days

Slippage from Bullet: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Bullet live order book, 5 min ago	0.36 bp	5.3 bp −$5	8.5 bp −$85	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.18 bp	5.2 bp −$5	6.3 bp −$63	8.0 bp −$800	14.3 bp −$7,148

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
Injective ETH/USDC PERP	−0.0752%	1h	2,773.2	+0.058%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,772.7	+0.040%	$5.6M	$11.3M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,772.9	+0.045%	$321K	$6.4M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,774.7	+0.112%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,772.7	+0.040%	$168K	$1.1M	50x	as long as short
Phemex ETHUSDT	−0.0008%	8h	2,774	+0.086%	$270.1M	$67.4M	150x	as long as short
Phoenix ETH	−0.0003%	1h	2,774.6	+0.108%	$879K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.6	+0.107%	$12.2M	$46.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772	+0.015%	$22.4M	—	200x	as long as short
Bullet ETH-USDlong	+0.0022%	1h	2,771.6	long leg	$184K	$1.7M	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0023%	8h	2,772.5	+0.032%	$1.71B	$11.30B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,772.2	+0.021%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0040%	1h	2,774	+0.087%	$55.3M	$208.4M	40x	as long as short
Aster ETHUSDT	+0.0042%	8h	2,773.8	+0.078%	$257.0M	$890.7M	200x	as long as short
Aftermath Perps ETHUSD	+0.0056%	1h	2,773.2	+0.056%	$31K	$23K	20x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,772.3	+0.026%	$5.0M	$165K	20x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,772.4	+0.029%	$6.47B	$16.51B	150x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,772.1	+0.019%	$1.63B	$2.63B	500x	as long as short
Gate ETH_USDT	+0.0062%	8h	2,773.5	+0.067%	$3.36B	$8.96B	200x	as long as short
HTX ETH-USDT	+0.0067%	8h	2,773.9	+0.083%	$1.08B	$1.27B	200x	as long as short
Bitget ETHUSDT	+0.0069%	8h	2,772.9	+0.047%	$2.10B	$2.90B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,775.2	+0.129%	$60.4M	$4.49B	50x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,773	+0.049%	$420.6M	$641.9M	100x	as long as short
Vest ETH-PERP	+0.0085%	1h	2,773.2	+0.057%	—	$880K	50x	as long as short
ApeX Omni ETHUSDT	+0.0086%	1h	2,771.1	−0.018%	$8.7M	$32.3M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,774.5	+0.105%	$115.3M	$456.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776	+0.158%	$25.4M	$110.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.1	+0.054%	$15.9M	$9.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772.9	+0.047%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,772.6	+0.037%	$14.9M	$115.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,775.4	+0.137%	$3.18B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.5	+0.105%	$31.4M	$323.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,772.7	+0.040%	$2.51B	$4.44B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,773.1	+0.054%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.4	+0.066%	$2.8M	$17.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.9	−0.060%	$170.3M	$272.1M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,773.8	+0.079%	—	$17.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775	+0.123%	$15.2M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,771.8	+0.008%	$148.1M	$340.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.5	−0.003%	$182.0M	$786.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,774.3	+0.098%	$161.3M	$85.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772	+0.014%	$21.4M	$60.5M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.6	+0.036%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,774	+0.087%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,776	+0.160%	$42.7M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.1	+0.053%	$972K	$13.4M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,772.7	+0.038%	$32.5M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,774.3	+0.098%	—	$38.3M	500x	as long as short
Kalshi KXETHPERP	+0.0107%	8h	2,774.2	+0.094%	$8.1M	$685.3M	4.9x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0134%	1h	2,775.4	+0.138%	$93.4M	$322.7M	100x
Deribit ETH-PERPETUAL	+0.0139%	1h	2,775.4	+0.139%	$259.1M	$210.4M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0148%	8h	2,776.5	+0.178%	$32.7M	$11.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,774.8	+0.115%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,771.2	−0.014%	$287.5M	$187.8M	150x	as long as short
Reya ETHRUSDPERP	+0.0209%	1h	2,772.3	+0.027%	$7.3M	$1.2M	25x	as long as short