ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.017%

Price spread now: BloFin against Kalshi−0.096%61s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.250% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.096%, 7d avg +0.018%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.114% cheaper against Kalshi than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,746.8	0	get 0.0000% / 8h	3h 11m	$6.7M	$663.9M	4.9x
Short	BloFin ETH-USDT	2,744.2	−0.0026	pay 0.0026% / 8h	7h 11m	$279.5M	$174.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$5.43
Price spread: −0.096% → +0.018%: −$11.43
Slippage, 4 orders: −$2.96
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.82
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago	0.73 bp	6.4 bp −$6	7.6 bp −$76	12.3 bp −$1,234	22.1 bp −$11.0K
Sell BloFin live order book, 3 min ago	0.05 bp	6.1 bp −$6	6.1 bp −$61	6.3 bp −$629	8.0 bp −$3,988

ETH on 54 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	−0.0112%	43m	2,749.4	+0.096%	$282K	$5.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,744.5	−0.084%	$5K	$1K	50x	as long as short
Phemex ETHUSDT	−0.0065%	8h	2,749.1	+0.083%	$264.6M	$61.8M	150x	as long as short
Bybit ETHUSDT	−0.0044%	8h	2,748.6	+0.065%	$2.36B	$4.18B	150x	as long as short
BloFin ETH-USDTshort	−0.0026%	8h	2,744.2	−0.096%	$279.5M	$174.1M	150x
Phoenix ETH	−0.0012%	1h	2,744.4	−0.087%	$812K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.6	+0.065%	$12.0M	—	200x	as long as short
Hibachi ETH/USDT-P	−0.0008%	1h	2,749.2	+0.087%	$242K	$1.4M	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,750.1	+0.121%	$11.0M	$42.0M	50x	as long as short
Kalshi KXETHPERPlong	0.0000%	8h	2,746.8	long leg	$6.7M	$663.9M	4.9x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,750.3	+0.127%	$33.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0016%	1h	2,748.1	+0.047%	$184K	$928K	50x	as long as short
Gate ETH_USDT	+0.0047%	8h	2,748.4	+0.058%	$3.27B	$8.45B	200x	as long as short
HTX ETH-USDT	+0.0047%	8h	2,749.2	+0.088%	$1.05B	$1.18B	200x	as long as short
SoDEX ETH-USD	+0.0066%	1h	2,748.9	+0.076%	$54.8M	$160.0M	40x	as long as short
Aster ETHUSDT	+0.0070%	8h	2,748.5	+0.062%	$254.0M	$798.1M	200x	as long as short
ApeX Omni ETHUSDT	+0.0071%	1h	2,743.7	−0.112%	$8.3M	$30.4M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,748.4	+0.058%	$1.66B	$10.24B	100x	as long as short
MEXC ETH_USDT	+0.0080%	8h	2,749.4	+0.096%	$1.59B	$2.61B	500x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,747.4	+0.021%	$4.9M	$199K	20x	as long as short
Binance ETHUSDT	+0.0081%	8h	2,748.5	+0.063%	$6.35B	$15.43B	150x	as long as short
KuCoin ETHUSDTM	+0.0087%	8h	2,749.5	+0.098%	$366.1M	$484.7M	100x	as long as short
SunX ETH-USDT	+0.0093%	8h	2,749.3	+0.092%	$950K	$10.1M	100x	as long as short
Bullet ETH-USD	+0.0093%	1h	2,749.6	+0.100%	$178K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,749.4	+0.094%	$113.5M	$408.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,750.7	+0.143%	$24.3M	$98.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,747.9	+0.041%	—	$23.8M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,748.5	+0.062%	$522K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,753.4	+0.242%	$15.5M	$6.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,749.1	+0.085%	$14.6M	$99.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,750.9	+0.149%	$3.13B	$1.97B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,749.9	+0.113%	$32.2M	$328.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,748.2	+0.051%	$2.8M	$16.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748.8	+0.072%	$1.6M	$15.4M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,748.9	+0.076%	$2.12B	$2.55B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,748.8	+0.074%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,749.4	+0.093%	$15.1M	$38.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,743.6	−0.118%	$132.5M	$307.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.4	−0.123%	$186.1M	$690.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.4	−0.087%	$159.6M	$77.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,747.3	+0.018%	$21.1M	$71.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,750.3	+0.128%	—	$415K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.6	+0.138%	$11.3M	$9.1M	50x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,738.5	−0.301%	$165.3M	$346.3M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,747.8	+0.035%	$30.4M	$68.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,749.5	+0.097%	$82.5M	$292.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0118%	1h	2,743.1	−0.136%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,749.6	+0.103%	$46.0M	$4.14B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0121%	1h	2,750.5	+0.134%	$266.0M	$214.4M	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,748.8	+0.071%	$5.6M	$11.3M	25x	as long as short
Reya ETHRUSDPERP	+0.0169%	1h	2,742.7	−0.151%	$7.3M	$936K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0180%	8h	2,751.6	+0.173%	$32.4M	$10.6M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,748.6	+0.066%	$118K	$22.9M	52x	as long as short
Bluefin ETH-PERP	+0.0776%	1h	2,749.9	+0.114%	$20K	$15K	25x	as long as short