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 06:00 UTC+0.0133%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.010%
Price spread now: Kraken Futures against Deribit−0.021%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Long on DeribitShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.021%, 7d avg −0.033%
Together, before fees+0.065%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,720.20.0044pay 0.0005% / 1h38m 26s$258.8M$204.9M50x
ShortKraken Futures PF_ETHUSD2,719.60.0177get 0.0022% / 1h38m 26s$82.7M$316.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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
$27.83
Price spread: −0.021% → −0.033%
$1.18
Slippage, 4 orders
−$4.02
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$8
Costs to cover
0.210%
Break-even
5.0 days
Slippage from Deribit: live order book, 1 min ago; Kraken Futures: live order book, 6 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 Deribit live order book, 1 min ago0.64 bp4.1 bp −$44.5 bp −$459.2 bp −$91618.1 bp −$9,056
Sell Kraken Futures live order book, 6 min ago0.18 bp6.3 bp −$67.7 bp −$779.1 bp −$91312.0 bp −$5,984

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%43m2,720.6+0.014%$284K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2−0.074%$5K$1K50xas long as short
HTX ETH-USDT−0.0014%8h2,718.5−0.064%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,720.4+0.006%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,724.5+0.158%$817K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,720.3+0.005%$27.9M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,719.1−0.040%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0014%1h2,720.6+0.013%$10.8M$42.3M50xas long as short
BingX ETH-USDC+0.0033%8h2,719.5−0.025%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,721.1+0.033%$186K$785K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0041%8h2,719.8−0.016%$2.35B$4.42B150xas long as short
Deribit ETH-PERPETUALlong+0.0044%1h2,720.2long leg$258.8M$204.9M50x
Aftermath Perps ETHUSD+0.0061%1h2,723.3+0.113%$30K$20K20xas long as short
SunX ETH-USDT+0.0065%8h2,718.9−0.050%$953K$11.2M100xas long as short
Bullet ETH-USD+0.0067%1h2,720−0.007%$178K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,720.6+0.014%$375.3M$578.2M100xas long as short
Aevo ETH-PERP+0.0080%1h2,717.2−0.109%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0081%8h2,720−0.007%$251.8M$845.1M200xas long as short
MEXC ETH_USDT+0.0086%8h2,720.20.000%$1.56B$2.57B500xas long as short
Binance ETHUSDT+0.0088%8h2,720.2−0.002%$6.30B$16.08B150xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,721+0.028%$1.65B$10.80B100xas long as short
Phemex ETHUSDT+0.0095%8h2,718.9−0.049%$262.9M$64.3M150xas long as short
Lighter ETH+0.0096%1h2,720.6+0.015%$111.3M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,721.7+0.054%$23.3M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,720.3+0.004%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.089%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.8−0.014%$13.7M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,723+0.103%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,720.7+0.017%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.9−0.011%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.8+0.022%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.133%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,719.8−0.013%$3.30B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,720.8+0.022%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718.6−0.058%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,720.3+0.004%$133.3M$326.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.8+0.170%$183.0M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721.5+0.049%$158.3M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,722.4+0.080%$8.6M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,718−0.081%$20.9M$72.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.6+0.053%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,722.3+0.077%$11.2M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719.6−0.022%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,720.8+0.021%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,719−0.044%$54.1M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,719.2−0.038%$30.5M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.8+0.023%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,720.1−0.003%$49.7M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,720.9+0.024%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,719.4−0.029%$6.2M$690.8M4.9xas long as short
Kraken Futures PF_ETHUSDshort+0.0177%1h2,719.6−0.021%$82.7M$316.5M100x
Orderly PERP_ETH_USDC+0.0188%8h2,722+0.065%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0202%1h2,720.2+0.002%$7.3M$1.2M25xas long as short
BloFin ETH-USDT+0.0247%8h2,719−0.043%$281.7M$174.2M150xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,719.3−0.032%$248K$1.4M20xas long as short