ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h +0.011%

Price spread now: Aster against Kalshi−0.008%7-day average +0.013% · 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−$22as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Kalshi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.008%, 7d avg +0.013%

Together, before fees+0.052%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.021% cheaper against Kalshi than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,738.6	0.0144	pay 0.0144% / 8h	30m 04s	$6.6M	$678.5M	4.9x
Short	Aster ETHUSDT	2,738.4	0.0084	get 0.0084% / 8h	4h 30m	$251.3M	$844.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee KalshibpFee AsterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$12.58
Price spread: −0.008% → +0.013%: −$2.09
Slippage, 4 orders: −$2.18
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.85
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; Aster: live order book, 4 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 Kalshi live order book, 4 min ago	0.18 bp	5.9 bp −$6	7.6 bp −$76	10.9 bp −$1,095	16.6 bp −$8,320
Sell Aster live order book, 4 min ago	0.37 bp	4.4 bp −$4	5.1 bp −$51	7.3 bp −$727	13.6 bp −$6,804

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	2,738.2	−0.013%	$298K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,730.9	−0.281%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,739.1	+0.018%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,738.4	−0.008%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,738.9	+0.013%	$10.8M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,738.5	−0.004%	$188K	$821K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,736.5	−0.077%	$830K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0007%	1h	2,737.6	−0.037%	$179K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,738.8	+0.007%	$28.1M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0036%	1h	2,732.9	−0.207%	$8.7M	$31.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0056%	8h	2,739.8	+0.045%	—	$1.14B	—	as long as short
Phemex ETHUSDT	+0.0061%	8h	2,738.9	+0.009%	$266.3M	$65.6M	150x	as long as short
HTX ETH-USDT	+0.0062%	8h	2,737.6	−0.038%	$1.06B	$1.19B	200x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,739.4	+0.031%	$380.7M	$575.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0070%	8h	2,739.3	+0.027%	$1.67B	$10.74B	100x	as long as short
Bybit ETHUSDT	+0.0071%	8h	2,739.3	+0.025%	$2.39B	$4.35B	150x	as long as short
SoDEX ETH-USD	+0.0077%	1h	2,738.5	−0.004%	$54.5M	$187.6M	40x	as long as short
Aster ETHUSDTshort	+0.0084%	8h	2,738.4	−0.008%	$251.3M	$844.0M	200x
Aevo ETH-PERP	+0.0088%	1h	2,735.7	−0.105%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,738.8	+0.008%	$1.53B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,739.6	+0.036%	$6.36B	$15.88B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,739	+0.016%	$113.2M	$438.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.2	+0.057%	$23.4M	$106.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,738.8	+0.007%	—	$30.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,742.5	+0.141%	$15.5M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,738.9	+0.011%	$5.6M	$11.6M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738	−0.022%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.2	−0.016%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741.9	+0.120%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,739.3	+0.027%	$32.0M	$334.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.9	−0.026%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739	+0.014%	$1.6M	$16.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.7	−0.363%	$166.6M	$310.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739.9	+0.046%	$3.36B	$8.88B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.3	+0.026%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.3	+0.026%	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,736.1	−0.091%	$133.6M	$325.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,729.6	−0.327%	$183.6M	$671.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.3	−0.304%	$158.8M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,737.2	−0.051%	$21.1M	$68.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,738.6	0.000%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,739.4	+0.029%	$11.2M	$9.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.1	+0.016%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,740.1	+0.053%	$41.4M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.4	−0.082%	$960K	$11.4M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.3	−0.012%	$30.3M	$72.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,740.1	+0.054%	$51.5M	$4.28B	50x	as long as short
Aftermath Perps ETHUSD	+0.0123%	1h	2,734.5	−0.151%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0133%	1h	2,740.1	+0.055%	$260.2M	$196.5M	50x	as long as short
Kalshi KXETHPERPlong	+0.0144%	8h	2,738.6	long leg	$6.6M	$678.5M	4.9x
Orderly PERP_ETH_USDC	+0.0193%	8h	2,741	+0.086%	$32.2M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0221%	1h	2,736.9	−0.060%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,739.6	+0.036%	$83.6M	$314.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,738.8	+0.007%	$254K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0361%	8h	2,736.8	−0.067%	$283.7M	$175.6M	150x	as long as short