Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.96 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Kalshi−0.029%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Long on KalshiShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.029%, 7d avg +0.003%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.032% cheaper against Kalshi than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXETHPERP2,752.50.0142pay 0.0142% / 8h2h 23m$7.8M$674.9M4.9x
ShortOKX ETH-USDT-SWAP2,751.70.0046get 0.0046% / 8h6h 23m$1.69B$10.98B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$20.13
Price spread: −0.029% → +0.003%
−$3.18
Slippage, 4 orders
−$0.76
Fee Kalshi: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$44.07
Costs to cover
0.208%
Break-even
never at this rate
Slippage from Kalshi: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago0.36 bp5.4 bp −$57.3 bp −$7310.4 bp −$1,03716.8 bp −$8,423
Sell OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5778.2 bp −$4,080

ETH on 54 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%43m2,750.5−0.074%$312K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750.7−0.065%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.6−0.068%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.9−0.057%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.011%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,753.5+0.037%$10.8M$41.9M50xas long as short
ApeX Omni ETHUSDT+0.0003%1h2,750.4−0.075%$8.7M$31.5M100xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751−0.054%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,751.3−0.044%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0036%8h2,751.9−0.020%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPshort+0.0046%8h2,751.7−0.029%$1.69B$10.98B100x
HTX ETH-USDT+0.0056%8h2,750.6−0.068%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0070%8h2,751.8−0.024%$253.0M$857.1M200xas long as short
KuCoin ETHUSDTM+0.0071%8h2,751.6−0.034%$379.8M$607.5M100xas long as short
MEXC ETH_USDT+0.0078%8h2,751.2−0.048%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0080%8h2,751.9−0.023%$6.37B$16.22B150xas long as short
Aevo ETH-PERP+0.0080%1h2,748.6−0.140%$4.9M$168K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.5−0.002%$59.1M$4.35B50xas long as short
Gate ETH_USDT+0.0093%8h2,751.8−0.025%$3.39B$8.89B200xas long as short
Bitget ETHUSDT+0.0093%8h2,751.8−0.027%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,751.7−0.029%$113.1M$443.1M50xas long as short
Lighter RH ETH+0.0096%1h2,753.1+0.023%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750.4−0.078%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,755.8+0.120%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,750.6−0.069%$470K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750−0.090%$14.0M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.4+0.033%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,752.4−0.002%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,752−0.019%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.8−0.098%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,751−0.054%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751−0.055%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.028%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6−0.032%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,751.8−0.026%$160.0M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,753.1+0.022%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.5+0.001%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,751.5−0.036%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.7−0.065%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.7−0.064%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,752.6+0.005%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.5−0.073%$965K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751.2−0.047%$54.8M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,751.2−0.046%$267.5M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8−0.025%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,750.9−0.058%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.5−0.074%$30.5M$73.6M50xas long as short
Kalshi KXETHPERPlong+0.0142%8h2,752.5long leg$7.8M$674.9M4.9x
Deribit ETH-PERPETUAL+0.0150%1h2,752.6+0.003%$258.5M$199.9M50xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,753.6+0.040%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,755.3+0.102%$251K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.5−0.073%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,750.9−0.059%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,752.1−0.014%$89.5M$316.6M100xas long as short