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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 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against Kalshi+0.010%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Long on KalshiShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 7 days−0.035%−$3 · spread now +0.010%, 7d avg +0.007%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXETHPERP2,7380.0129pay 0.0129% / 8h1m 01s$6.7M$679.1M4.9x
ShortBinance ETHUSDT2,738.30.0097get 0.0097% / 8h4h 01m$6.36B$15.89B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$6.85
Price spread: +0.010% → +0.007%
$0.24
Slippage, 4 orders
−$1.64
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$28.25
Costs to cover
0.216%
Break-even
never at this rate
Slippage from Kalshi: live order book, 3 min ago; Binance: live order book, 13 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, 3 min ago0.37 bp5.9 bp −$67.4 bp −$7411.6 bp −$1,16018.4 bp −$9,185
Sell Binance live order book, 13 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5297.8 bp −$3,889

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%43m2,737.9−0.004%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.139%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.2−0.029%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.7−0.010%$11.9M—200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.026%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,738.2+0.006%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.9−0.005%$28.1M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,738.5+0.018%$187K$822K50xas long as short
Bullet ETH-USD+0.0015%1h2,737.5−0.020%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0022%8h2,737.5−0.017%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,738.3+0.012%—$18.4M—as long as short
Bybit ETHUSDT+0.0054%8h2,738.1+0.003%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.069%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,738−0.001%$380.2M$573.4M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.3+0.009%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0078%8h2,738.6+0.023%$266.1M$65.0M150xas long as short
Aster ETHUSDT+0.0089%8h2,738.2+0.007%$251.1M$842.0M200xas long as short
MEXC ETH_USDT+0.0095%8h2,738.4+0.014%$1.55B$2.57B500xas long as short
Lighter ETH+0.0096%1h2,738.7+0.026%$113.1M$442.2M50xas long as short
Lighter RH ETH+0.0096%1h2,739.5+0.056%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.5−0.017%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734.9−0.112%$4.9M$155K20xas long as short
Binance ETHUSDTshort+0.0097%8h2,738.3+0.010%$6.36B$15.89B150x
RISEx ETH/USDC+0.0099%1h2,738.9+0.031%$5.7M$11.7M25xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,741.6+0.133%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9−0.004%$501K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.9−0.005%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.3+0.084%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.7+0.025%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.8−0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.7+0.024%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.158%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.3+0.010%$3.34B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.3+0.012%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.7−0.012%$15.1M$40.1M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.025%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,735.2−0.103%$184.0M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.051%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,736.2−0.066%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.5+0.019%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.2+0.044%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.9−0.004%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.5+0.055%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.1−0.034%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,737.7−0.011%$54.5M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,737.6−0.015%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739.2+0.043%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,735.4−0.096%$30K$20K20xas long as short
Kalshi KXETHPERPlong+0.0129%8h2,738long leg$6.7M$679.1M4.9x
Orderly PERP_ETH_USDC+0.0198%8h2,740.2+0.082%$32.2M$11.7M100xas long as short
Deribit ETH-PERPETUAL+0.0207%1h2,739.4+0.052%$260.1M$197.0M50xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737−0.038%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.6+0.021%$83.3M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,737.6−0.013%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2−0.028%$283.5M$175.9M150xas long as short