ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against Kalshi−0.035%49s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$240.240% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.035%, 7d avg +0.009%

Together, before fees+0.026%+$3 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 KuCoin is 0.044% cheaper against Kalshi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 49 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	2,772	0.0117	pay 0.0117% / 8h	6h 09m	$8.5M	$674.2M	4.9x
Short	KuCoin ETHUSDTM	2,771	0.0100	get 0.0100% / 8h	2h 09m	$422.1M	$742.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$3.56
Price spread: −0.035% → +0.009%: −$4.36
Slippage, 4 orders: −$2.04
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; KuCoin: live order book, 10 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	0.18 bp	5.7 bp −$6	7.4 bp −$74	11.2 bp −$1,116	18.8 bp −$9,393
Sell KuCoin live order book, 10 min ago	0.02 bp	6.5 bp −$6	7.7 bp −$77	11.2 bp −$1,120	doesn't fit

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	−0.0112%	43m	2,771	−0.038%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.152%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.9	−0.004%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,771.4	−0.022%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,772.2	+0.007%	$885K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,771.6	−0.016%	$5.8M	$11.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.7	−0.009%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0004%	1h	2,773.9	+0.070%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.9	−0.004%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0023%	8h	2,771.4	−0.021%	$1.71B	$11.90B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0027%	8h	2,771.8	−0.009%	$267.0M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.9	−0.004%	$13.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0033%	1h	2,770.3	−0.061%	$8.7M	$32.6M	100x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,770.8	−0.044%	$256.3M	$995.6M	200x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,769.4	−0.093%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0050%	8h	2,771	−0.037%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,771	−0.036%	$6.44B	$17.23B	150x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,771.5	−0.018%	$2.10B	$3.13B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,771	−0.035%	$3.28B	$9.70B	200x	as long as short
Bullet ETH-USD	+0.0081%	1h	2,770.9	−0.041%	$184K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,772.2	+0.007%	$114.7M	$515.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.9	+0.034%	$25.3M	$123.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.2	+0.007%	—	$41.7M	500x	as long as short
Variational Omni ETH	+0.0097%	8h	2,770.2	−0.064%	$140.7M	$320.5M	—	as long as short
HTX ETH-USDT	+0.0099%	8h	2,771.5	−0.019%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.9	−0.041%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.4	−0.022%	$487K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.9	−0.040%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.6	+0.058%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.4	−0.022%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.5	−0.019%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.5	−0.054%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.1	+0.040%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.052%	$164.9M	$252.7M	25x	as long as short
KuCoin ETHUSDTMshort	+0.0100%	8h	2,771	−0.035%	$422.1M	$742.4M	100x
BingX ETH-USDT	+0.0100%	8h	2,770.9	−0.040%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	−0.027%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.5	−0.054%	$179.5M	$782.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	−0.038%	$161.2M	$97.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.1	+0.004%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.8	−0.008%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.4	+0.014%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772	0.000%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.7	+0.063%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.9	−0.039%	$973K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,771.7	−0.011%	$55.2M	$228.6M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,773.5	+0.053%	$258.5M	$225.2M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.3	−0.025%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.4	+0.051%	$59.9M	$4.62B	50x	as long as short
Kalshi KXETHPERPlong	+0.0117%	8h	2,772	long leg	$8.5M	$674.2M	4.9x
Orderly PERP_ETH_USDC	+0.0134%	8h	2,774.3	+0.083%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,771	−0.037%	$286.0M	$195.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,771.1	−0.034%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773	+0.037%	$86.4M	$331.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0464%	1h	2,772.8	+0.030%	$281K	$1.5M	20x	as long as short