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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−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.018%
Price spread now: Kraken Futures against Extended+0.047%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Long on ExtendedShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.047%, 7d avg +0.042%
Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,731.50.0104pay 0.0013% / 1h46m 38s$30.4M$72.7M50x
ShortKraken Futures PF_ETHUSD2,732.80.0060get 0.0007% / 1h46m 38s$82.1M$309.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$9.27
Price spread: +0.047% → +0.042%
$0.53
Slippage, 4 orders
−$1.77
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$25.51
Costs to cover
0.168%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.9 bp −$296.8 bp −$68517.7 bp −$8,846
Sell Kraken Futures live order book, 3 min ago0.18 bp5.7 bp −$67.2 bp −$729.3 bp −$93012.5 bp −$6,227

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
BloFin ETH-USDT−0.0132%8h2,732.1+0.020%$281.6M$178.1M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.6+0.040%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.036%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733+0.055%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.053%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.1+0.059%$6.6M$680.4M4.9xas long as short
Perpl ETH0.0000%43m2,732+0.018%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.3+0.065%$262.4M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.1+0.058%$33.0M—200xas long as short
BingX ETH-USDC+0.0019%8h2,731.9+0.016%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,732.3+0.029%$2.33B$4.37B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.8+0.011%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.8+0.048%$192K$892K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1+0.021%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,733.8+0.084%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSDshort+0.0060%1h2,732.8+0.047%$82.1M$309.3M100x
KuCoin ETHUSDTM+0.0070%8h2,732.8+0.048%$385.2M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,732.3+0.029%$1.65B$10.86B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,733.9+0.089%$242K$1.4M20xas long as short
Aster ETHUSDT+0.0082%8h2,732.6+0.041%$253.1M$849.5M200xas long as short
MEXC ETH_USDT+0.0094%8h2,732.7+0.043%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,732.6+0.039%$6.32B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,733.5+0.072%$112.7M$429.3M50xas long as short
Lighter RH ETH+0.0096%1h2,734.5+0.109%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.6−0.033%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.8+0.046%$263.4M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.2+0.026%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.7+0.192%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9+0.014%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.114%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.7+0.082%$32.2M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.4+0.033%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.4+0.070%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.072%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.7+0.042%$3.31B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.4+0.032%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1+0.022%$15.0M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729−0.091%$134.0M$319.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.8−0.060%$185.6M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.4−0.041%$158.7M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,733.4+0.070%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.1+0.095%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.092%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.7+0.043%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.061%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.2+0.100%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.3−0.006%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.2+0.026%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,731.6+0.003%$30K$20K20xas long as short
Extended ETH-USDlong+0.0104%1h2,731.5long leg$30.4M$72.7M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.6+0.041%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.8+0.084%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,733.2+0.062%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,731.9+0.014%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,735.1+0.130%$32.2M$11.3M100xas long as short