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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 01:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h +0.017%
Price spread now: Arcus against Kalshi+0.039%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Long on KalshiShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.057%+$6 on $10k
Price spread, last 7 days−0.040%−$4 · spread now +0.039%, 7d avg +0.033%
Together, before fees+0.018%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXETHPERP2,773.30.0107pay 0.0107% / 8h3h 40m$8.1M$686.0M4.9x
ShortArcus ETH-USD2,774.40.0100get 0.0013% / 1h40m 26s$2.8M$17.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Kalshi. 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
−$1.41
Price spread: +0.039% → +0.033%
$0.59
Slippage, 4 orders
−$2.11
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$17.43
Costs to cover
0.166%
Break-even
never at this rate
Slippage from Kalshi: live order book, 4 min ago; Arcus: live order book, 4 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 Kalshi live order book, 4 min ago0.36 bp5.6 bp −$66.5 bp −$6510.6 bp −$1,05917.0 bp −$8,497
Sell Arcus live order book, 4 min ago0.41 bp2.7 bp −$33.3 bp −$335.4 bp −$539doesn'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
Injective ETH/USDC PERP−0.0752%1h2,773.2−0.004%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,773.6+0.009%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,772.7−0.021%$321K$6.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.6−0.061%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,773.9+0.022%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0013%8h2,771.7−0.058%$269.9M$67.6M150xas long as short
Phoenix ETH−0.0003%1h2,774.6+0.047%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,773.1−0.009%$12.2M$46.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.5+0.043%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,774+0.025%$1.71B$11.35B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0023%1h2,773.7+0.014%$184K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,774.4+0.039%$12.7M—200xas long as short
SoDEX ETH-USD+0.0040%1h2,774+0.025%$55.3M$208.4M40xas long as short
Aster ETHUSDT+0.0041%8h2,773.9+0.022%$257.0M$893.2M200xas long as short
Aftermath Perps ETHUSD+0.0054%1h2,773.1−0.007%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,772.3−0.035%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0058%8h2,773.7+0.014%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0058%8h2,773.8+0.017%$6.48B$16.56B150xas long as short
Gate ETH_USDT+0.0061%8h2,774.1+0.028%$3.36B$8.96B200xas long as short
HTX ETH-USDT+0.0066%8h2,771.8−0.054%$1.08B$1.27B200xas long as short
Bitget ETHUSDT+0.0069%8h2,774.1+0.029%$2.10B$2.91B150xas long as short
ApeX Omni ETHUSDT+0.0079%1h2,772.6−0.025%$8.7M$32.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,775.2+0.067%$60.4M$4.49B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,774+0.024%$420.9M$641.9M100xas long as short
Vest ETH-PERP+0.0086%1h2,773.5+0.008%—$880K50xas long as short
Lighter ETH+0.0096%1h2,772.8−0.018%$115.3M$456.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.027%$25.4M$110.5M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.4+0.003%$15.9M$9.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.6+0.011%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.8+0.018%$14.9M$116.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.3+0.108%$3.18B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,773.5+0.007%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,774.2+0.034%$2.51B$4.44B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.3−0.036%$2.8M$17.0M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,774.4+0.039%$2.8M$17.0M25x
Bulk ETH-USD+0.0100%1h2,769.9−0.121%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,774.1+0.028%—$1.22B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1−0.078%$15.2M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,771.8−0.054%$148.1M$340.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2−0.039%$182.0M$785.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.3+0.036%$161.3M$85.7M50xas long as short
StandX ETH-USD+0.0100%1h2,772−0.047%$21.4M$60.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.018%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774+0.025%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,776+0.098%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.1−0.008%$972K$13.4M100xas long as short
Extended ETH-USD+0.0104%1h2,773.4+0.002%$32.5M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,774.3+0.036%—$38.3M500xas long as short
Kalshi KXETHPERPlong+0.0107%8h2,773.3long leg$8.1M$686.0M4.9x
Kraken Futures PF_ETHUSD+0.0134%1h2,775.4+0.076%$93.4M$322.7M100xas long as short
Deribit ETH-PERPETUAL+0.0139%1h2,775.4+0.077%$259.1M$210.4M50xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,776.5+0.116%$32.7M$11.6M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,775.5+0.078%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,771.2−0.075%$287.5M$187.8M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,773.6+0.011%$7.4M$1.2M25xas long as short