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 00:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.35 per $10,000 · paid last 24h −0.014%
Price spread now: Kalshi against Bybit+0.023%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on BybitShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days+0.012%+$1 · spread now +0.023%, 7d avg −0.006%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,785.70.0090pay 0.0090% / 8h53m 03s$2.52B$4.63B150x
ShortKalshi KXETHPERP2,786.30.0125get 0.0125% / 8h4h 53m$8.4M$681.9M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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
$7.33
Price spread: +0.023% → −0.006%
$2.92
Slippage, 4 orders
−$2.06
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$12.81
Costs to cover
0.231%
Break-even
19.2 days
Slippage from Bybit: live order book, 1 min ago; Kalshi: live order book, 1 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 Bybit live order book, 1 min ago0.02 bp5.5 bp −$65.6 bp −$567.2 bp −$72110.5 bp −$5,261
Sell Kalshi live order book, 1 min ago0.54 bp5.9 bp −$66.8 bp −$6810.5 bp −$1,05216.4 bp −$8,225

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%43m2,787+0.049%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,786.9+0.043%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.209%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.113%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.2−0.052%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,787.3+0.059%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,781.3−0.157%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.8−0.031%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785−0.023%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,786.3+0.022%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,785.5−0.007%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,786.1+0.015%$1.71B$11.93B100xas long as short
Phemex ETHUSDT+0.0025%8h2,785.9+0.008%$271.4M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,786.4+0.028%$13.0M—200xas long as short
Aster ETHUSDT+0.0038%8h2,785.8+0.005%$255.4M$1.00B200xas long as short
Bullet ETH-USD+0.0054%1h2,785.9+0.009%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0064%8h2,786.2+0.018%$1.60B$2.63B500xas long as short
Aevo ETH-PERP+0.0064%1h2,786+0.012%$5.1M$636K20xas long as short
Nado ETH-PERP+0.0064%1h2,786.3+0.022%$14.4M$118.2M50xas long as short
Binance ETHUSDT+0.0065%8h2,785.9+0.008%$6.46B$17.26B150xas long as short
Bitget ETHUSDT+0.0065%8h2,786+0.013%$2.11B$3.11B150xas long as short
Gate ETH_USDT+0.0071%8h2,785.8+0.006%$3.31B$9.58B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,787.3+0.058%$60.3M$4.62B50xas long as short
HTX ETH-USDT+0.0090%8h2,785.8+0.006%$1.08B$1.32B200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,785.2−0.016%$424.5M$739.3M100xas long as short
Bybit ETHUSDTlong+0.0090%8h2,785.7long leg$2.52B$4.63B150x
Vest ETH-PERP+0.0095%1h2,786.3+0.025%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,786.2+0.020%$116.4M$495.3M50xas long as short
Lighter RH ETH+0.0096%1h2,787.5+0.066%$25.4M$120.6M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.7−0.070%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,786.7+0.038%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,788.4+0.099%$3.20B$2.34B25xas long as short
Pacifica ETH+0.0100%1h2,785.8+0.005%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,786.2+0.020%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,788.3+0.094%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.277%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,785.8+0.004%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.152%$147.6M$336.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.4−0.118%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1−0.056%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,784−0.059%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,787.8+0.077%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,786.2+0.021%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,787.4+0.061%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,786.2+0.020%$977K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,785.8+0.005%$55.5M$229.0M40xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,786.9+0.044%$258.9M$222.7M50xas long as short
Extended ETH-USD+0.0104%1h2,784.6−0.039%$32.8M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,786.8+0.043%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,787+0.048%$86.9M$332.7M100xas long as short
Kalshi KXETHPERPshort+0.0125%8h2,786.3+0.023%$8.4M$681.9M4.9x
Orderly PERP_ETH_USDC+0.0136%8h2,788+0.085%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,785.9+0.007%$285.4M$195.4M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,786.4+0.028%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,785.1−0.021%$271K$1.5M20xas long as short