ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h −0.017%

Price spread now: Kalshi against Katana Perps+0.054%7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.054%, 7d avg +0.029%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.025% dearer against Katana Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 4 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ETH-USD	2,780.6	0.0100	pay 0.0100% / 8h	47m 12s	$478K	$2.7M	50x
Short	Kalshi KXETHPERP	2,782.1	0.0123	get 0.0123% / 8h	4h 47m	$8.3M	$683.0M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Katana Perps. 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 Katana PerpsbpFee KalshibpOrdersPrice spread, now +0.054%Rate

Funding earned: $4.97
Price spread: +0.054% → +0.029%: $2.47
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$6.36
Costs to cover: 0.138%
Break-even: 16.0 days

Slippage unknown: Katana Perps: no order-book sample; Kalshi: live order book, 2 min ago. Net counts fees only.

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 Katana Perps no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	0.36 bp	7.4 bp −$7	8.4 bp −$84	14.0 bp −$1,401	20.4 bp −$10.2K

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2,781.2	+0.023%	$287K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,780.5	−0.005%	$5.7M	$11.9M	25x	as long as short
ApeX Omni ETHUSDT	−0.0110%	1h	2,783.3	+0.097%	$8.8M	$32.8M	100x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,781.9	+0.047%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,781.9	+0.047%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0016%	1h	2,781.2	+0.022%	$168K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0015%	1h	2,782.7	+0.076%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,782.6	+0.071%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,783.6	+0.108%	$883K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,780.4	−0.006%	$22.5M	—	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-USDC	+0.0016%	8h	2,781.6	+0.037%	—	$17.4M	—	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,782	+0.050%	$1.70B	$11.92B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,781.6	+0.035%	$271.1M	$68.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,780.4	−0.007%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,782	+0.050%	$256.7M	$1.00B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,779.5	−0.038%	$5.0M	$636K	20x	as long as short
Bullet ETH-USD	+0.0066%	1h	2,779.6	−0.037%	$184K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,781.9	+0.048%	$1.60B	$2.63B	500x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,782.2	+0.056%	$2.11B	$3.11B	150x	as long as short
Binance ETHUSDT	+0.0067%	8h	2,781.9	+0.048%	$6.45B	$17.29B	150x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,781.9	+0.047%	$3.31B	$9.60B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,782.5	+0.067%	$60.3M	$4.62B	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,780.7	+0.005%	$422.5M	$740.0M	100x	as long as short
HTX ETH-USDT	+0.0091%	8h	2,781	+0.013%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0091%	8h	2,782.1	+0.053%	$2.52B	$4.64B	150x	as long as short
SoDEX ETH-USD	+0.0093%	1h	2,780.9	+0.011%	$55.4M	$229.1M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,781.8	+0.041%	$116.2M	$496.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,783	+0.086%	$25.4M	$120.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,780.5	−0.003%	—	$42.0M	500x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,781.4	+0.030%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,781	+0.015%	$16.0M	$10.3M	50x	as long as short
Katana Perps ETH-USDlong	+0.0100%	8h	2,780.6	long leg	$478K	$2.7M	50x
Nado ETH-PERP	+0.0100%	1h	2,780.7	+0.002%	$14.3M	$118.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,784.2	+0.129%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,781.9	+0.047%	$31.3M	$309.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,780.2	−0.014%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,781.9	+0.046%	$2.7M	$17.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,784.2	+0.130%	$168.3M	$253.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,781.7	+0.038%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,782.7	+0.075%	$147.8M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.1	+0.052%	$182.1M	$781.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,782	+0.050%	$161.7M	$89.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,781.6	+0.036%	$21.5M	$58.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,781.6	+0.036%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,781.1	+0.018%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,782.7	+0.076%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,779.9	−0.024%	$975K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,779.9	−0.025%	$32.7M	$77.8M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0113%	1h	2,782.7	+0.076%	$258.9M	$223.0M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,782.3	+0.059%	$86.9M	$333.3M	100x	as long as short
Kalshi KXETHPERPshort	+0.0123%	8h	2,782.1	+0.054%	$8.3M	$683.0M	4.9x
Orderly PERP_ETH_USDC	+0.0137%	8h	2,783	+0.087%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0187%	8h	2,781.1	+0.018%	$285.2M	$195.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,780.2	−0.015%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,784	+0.121%	$271K	$1.5M	20x	as long as short