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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: KuCoin against Katana Perps+0.004%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.054%−$5 on $10k
Price spread, last 7 days+0.004%$0 · spread now +0.004%, 7d avg +0.039%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.035% cheaper against Katana Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,772.70.0100pay 0.0100% / 8h1h 29m$477K$2.7M50x
ShortKuCoin ETHUSDTM2,772.80.0098get 0.0098% / 8h1h 29m$423.4M$739.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$0.38
Price spread: +0.004% → +0.039%
−$3.52
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$19.7
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell KuCoin live order book, 5 min ago0.02 bp6.0 bp −$67.6 bp −$7610.7 bp −$1,069doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,772.2−0.018%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.5−0.009%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1−0.166%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.087%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.5−0.007%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0022%1h2,773.9+0.043%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,771.8−0.031%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.112%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.5+0.030%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,772.6−0.003%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,773.6+0.033%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0025%8h2,773.6+0.031%$269.6M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.4+0.025%$13.0M—200xas long as short
Aster ETHUSDT+0.0031%8h2,773.3+0.021%$256.1M$990.8M200xas long as short
Bullet ETH-USD+0.0036%1h2,772.6−0.004%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,771.3−0.051%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0059%8h2,773.6+0.034%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0059%8h2,773.4+0.025%$6.43B$17.16B150xas long as short
Nado ETH-PERP+0.0061%1h2,771.7−0.035%$14.3M$118.0M50xas long as short
Bitget ETHUSDT+0.0072%8h2,772.9+0.007%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0073%8h2,773.3+0.022%$3.29B$9.61B200xas long as short
SoDEX ETH-USD+0.0077%1h2,773+0.011%$55.2M$228.8M40xas long as short
Bybit ETHUSDT+0.0093%8h2,773.8+0.039%$2.52B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,772.5−0.007%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774+0.046%$114.9M$499.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775+0.082%$25.4M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.9−0.030%—$41.6M500xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,777.8+0.182%$8.7M$32.5M100xas long as short
KuCoin ETHUSDTMshort+0.0098%8h2,772.8+0.004%$423.4M$739.0M100x
Paradex ETH-USD-PERP+0.0100%8h2,771−0.063%$15.9M$10.5M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,772.7long leg$477K$2.7M50x
Hyperliquid ETH+0.0100%1h2,775.8+0.111%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.8+0.004%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.7−0.036%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.4+0.061%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.190%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773+0.011%$15.2M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.117%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,777.1+0.157%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.116%$161.1M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2−0.054%$21.4M$58.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.040%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.1+0.015%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.2+0.089%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.8−0.068%$971K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,772−0.026%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,772.5−0.008%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.063%$60.1M$4.59B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,772.1−0.022%$8.7M$676.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0129%1h2,774.7+0.073%$258.3M$222.2M50xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.4+0.096%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.049%$86.1M$331.7M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,770.1−0.095%$284K$1.5M20xas long as short
BloFin ETH-USDT+0.0179%8h2,773+0.011%$285.2M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.3−0.014%$7.4M$1.2M25xas long as short