ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Kalshi+0.043%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.043%, 7d avg +0.006%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.036% dearer against Kalshi than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of +0.006%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, 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	2,734.2	0.0130	pay 0.0130% / 8h	4m 00s	$6.6M	$678.8M	4.9x
Short	Bitget ETHUSDT	2,735.4	0.0100	get 0.0100% / 8h	4h 04m	$2.07B	$2.73B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$6.32
Price spread: +0.043% → +0.006%: $3.63
Slippage, 4 orders: −$0.77
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.45
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	0.37 bp	5.4 bp −$5	7.2 bp −$72	10.0 bp −$1,002	16.6 bp −$8,307
Sell Bitget live order book, 5 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.9 bp −$690	7.6 bp −$3,812

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	2,733	−0.044%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	0.000%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.8	−0.015%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.6	+0.014%	$11.9M	—	200x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,734.2	0.000%	$187K	$821K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,733.9	−0.011%	$826K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,733	−0.044%	$10.7M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,734.7	+0.018%	$28.1M	—	200x	as long as short
Bullet ETH-USD	+0.0014%	1h	2,734.2	+0.001%	$179K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0020%	8h	2,733.3	−0.035%	$1.06B	$1.20B	200x	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	+0.0044%	8h	2,735.3	+0.040%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0054%	8h	2,735.5	+0.046%	$2.38B	$4.35B	150x	as long as short
ApeX Omni ETHUSDT	+0.0063%	1h	2,732.3	−0.071%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,735.3	+0.039%	$380.4M	$573.5M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,735.2	+0.035%	$1.67B	$10.72B	100x	as long as short
Phemex ETHUSDT	+0.0081%	8h	2,735.3	+0.038%	$265.8M	$65.2M	150x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,735.3	+0.040%	$251.1M	$841.9M	200x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,735.5	+0.046%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,735.5	+0.046%	$6.36B	$15.87B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,735.7	+0.055%	$112.8M	$441.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,736.9	+0.098%	$23.5M	$106.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,733.6	−0.021%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,732	−0.081%	$4.9M	$155K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,737.1	+0.105%	$15.5M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,734.4	+0.008%	$5.6M	$11.7M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.5	−0.026%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,733.4	−0.028%	$13.6M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,737.2	+0.110%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.4	+0.007%	$32.0M	$335.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.7	−0.055%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,734.4	+0.007%	$1.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.019%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,735.3	+0.041%	$3.34B	$8.93B	200x	as long as short
Bitget ETHUSDTshort	+0.0100%	8h	2,735.4	+0.043%	$2.07B	$2.73B	150x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,734.5	+0.011%	$15.1M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732	−0.081%	$133.7M	$324.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.4	−0.067%	$183.8M	$670.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,733.6	−0.023%	$159.0M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,733.5	−0.026%	$21.1M	$68.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,734.8	+0.022%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,736	+0.066%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.2	+0.001%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,736	+0.068%	$41.3M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,732.5	−0.062%	$957K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,734.5	+0.011%	$54.5M	$187.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,734.4	+0.007%	$30.4M	$72.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,736.5	+0.083%	$51.2M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0117%	1h	2,734	−0.007%	$30K	$20K	20x	as long as short
Kalshi KXETHPERPlong	+0.0130%	8h	2,734.2	long leg	$6.6M	$678.8M	4.9x
Deribit ETH-PERPETUAL	+0.0163%	1h	2,735.9	+0.060%	$259.6M	$196.3M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0197%	8h	2,736.9	+0.098%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0216%	1h	2,733.6	−0.021%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,735.8	+0.059%	$83.3M	$314.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,734.2	−0.001%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0378%	8h	2,733.5	−0.027%	$283.3M	$175.7M	150x	as long as short