ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Bybit−0.011%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.011%, 7d avg +0.003%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ETHUSDT	2,726.1	0.0043	pay 0.0043% / 8h	2h 21m	$2.35B	$4.41B	150x
Short	KuCoin ETHUSDTM	2,725.8	0.0077	get 0.0077% / 8h	2h 21m	$374.1M	$577.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $7.15
Price spread: −0.011% → +0.003%: −$1.37
Slippage, 4 orders: −$1.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.81
Costs to cover: 0.246%
Break-even: 25.4 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 3 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 Bybit live order book, 3 min ago	0.02 bp	5.5 bp −$6	5.5 bp −$55	6.0 bp −$602	8.1 bp −$4,039
Sell KuCoin live order book, 3 min ago	0.02 bp	7.5 bp −$8	9.0 bp −$90	11.4 bp −$1,137	doesn't fit

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	−0.0447%	43m	2,726.5	+0.014%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,726.1	−0.001%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0010%	8h	2,725.1	−0.036%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.1	−0.073%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	−0.225%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,724.4	−0.065%	$32.6M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,725.8	−0.014%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.331%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0035%	8h	2,726.1	−0.001%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,726.8	+0.025%	$192K	$831K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDTlong	+0.0043%	8h	2,726.1	long leg	$2.35B	$4.41B	150x
SunX ETH-USDT	+0.0069%	8h	2,723.2	−0.109%	$955K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,724	−0.078%	$180K	$1.7M	20x	as long as short
KuCoin ETHUSDTMshort	+0.0077%	8h	2,725.8	−0.011%	$374.1M	$577.4M	100x
Aftermath Perps ETHUSD	+0.0079%	1h	2,720.6	−0.204%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,726.3	+0.006%	$252.2M	$845.1M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,722.6	−0.128%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,726.3	+0.006%	$1.54B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,726.4	+0.011%	$6.32B	$16.08B	150x	as long as short
Phemex ETHUSDT	+0.0093%	8h	2,725.7	−0.018%	$262.7M	$64.9M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,726	−0.004%	$112.3M	$434.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.4	+0.048%	$23.5M	$103.8M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0096%	8h	2,726.3	+0.004%	$1.66B	$10.83B	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,720.3	−0.213%	$8.6M	$31.4M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,725.8	−0.012%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.5	+0.087%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,726.3	+0.005%	$13.8M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.5	+0.086%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,726.6	+0.017%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.1	−0.001%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,726.8	+0.023%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.133%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.2	+0.004%	$3.31B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.7	+0.020%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.6	−0.021%	$14.9M	$42.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.366%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,720	−0.224%	$184.3M	$677.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,720.5	−0.207%	$158.2M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.1	−0.074%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,727.1	+0.036%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.8	+0.061%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,724.8	−0.048%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727	+0.030%	$40.9M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,725.7	−0.016%	$54.3M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.3	−0.029%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,724.4	−0.062%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,727.1	+0.036%	$49.6M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,726.8	+0.024%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0151%	8h	2,723.3	−0.104%	$6.9M	$693.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,726.5	+0.012%	$83.0M	$312.1M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0183%	1h	2,726.8	+0.024%	$259.3M	$207.8M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,726.6	+0.017%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,725.8	−0.014%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0264%	1h	2,724.9	−0.045%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,720.5	−0.208%	$281.1M	$173.9M	150x	as long as short