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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.007%
Price spread now: KuCoin against Extended+0.052%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on ExtendedShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.111%−$11 on $10k
Price spread, last 7 days−0.022%−$2 · spread now +0.052%, 7d avg +0.050%
Together, before fees−0.133%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, 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-USD2,773.30.0104pay 0.0013% / 1h4m 26s$32.5M$78.4M50x
ShortKuCoin ETHUSDTM2,774.80.0081get 0.0081% / 8h4m 26s$421.7M$738.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$4.83
Price spread: +0.052% → +0.050%
$0.2
Slippage, 4 orders
−$0.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$22.05
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago0.18 bp2.7 bp −$32.7 bp −$275.0 bp −$50413.0 bp −$6,522
Sell KuCoin live order book, 5 min ago0.02 bp6.0 bp −$67.5 bp −$7511.2 bp −$1,122doesn't fit

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−0.0223%43m2,773.7+0.014%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774+0.027%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.404%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4−0.033%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3−0.145%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4+0.040%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.1+0.029%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5−0.065%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9+0.093%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.7+0.051%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.6−0.096%$12.8M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,769.5−0.139%$269.9M$68.7M150xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772−0.047%$29K$22K20xas long as short
SoDEX ETH-USD+0.0030%1h2,769.9−0.123%$55.1M$228.7M40xas long as short
Aster ETHUSDT+0.0032%8h2,775.2+0.069%$256.2M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,774.9+0.059%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4+0.041%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0054%8h2,775+0.061%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,773.30.000%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,775.3+0.072%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775.4+0.076%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTMshort+0.0081%8h2,774.8+0.052%$421.7M$738.3M100x
Bybit ETHUSDT+0.0088%8h2,775.4+0.077%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,775.4+0.074%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.1−0.080%$60.3M$4.59B50xas long as short
Nado ETH-PERP+0.0092%1h2,774.5+0.045%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0092%8h2,769.2−0.149%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.9+0.020%$115.1M$501.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.5+0.080%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0097%1h2,774+0.024%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.30.000%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.5+0.007%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.130%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,774.2+0.032%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.3−0.072%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.051%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.141%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7−0.129%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.172%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.127%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.086%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.8−0.090%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.8+0.054%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776+0.096%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.9−0.158%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,777.5+0.153%$42.8M$29.4M15xas long as short
Kalshi KXETHPERP+0.0102%8h2,770.5−0.101%$8.2M$688.4M4.9xas long as short
Extended ETH-USDlong+0.0104%1h2,773.3long leg$32.5M$78.4M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.8+0.016%—$43.8M500xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.7−0.058%$259.0M$222.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.1−0.079%$90.4M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,778.1+0.173%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770−0.118%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,771.5−0.065%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.2+0.033%$7.4M$1.2M25xas long as short