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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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
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Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.003%
Price spread now: Aftermath Perps against Kraken Futures+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.036% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,728.90.0060pay 0.0007% / 1h53m 05s$82.0M$309.7M100x
ShortAftermath Perps ETHUSD2,729.90.0102get 0.0013% / 1h53m 05s$30K$20K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kraken Futures. 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
$8.84
Price spread: +0.036% → 0.000%
$3.55
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$6.61
Costs to cover
0.190%
Break-even
12.2 days
Slippage unknown: Kraken Futures: live order book, 1 min ago; Aftermath Perps: no order-book sample. 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 Kraken Futures live order book, 1 min ago0.18 bp5.9 bp −$67.3 bp −$739.1 bp −$90912.7 bp −$6,343
Sell Aftermath Perps no order-book sample—————
Aftermath 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
ApeX Omni ETHUSDT−0.0132%1h2,727.7−0.046%$8.6M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.6+0.024%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730+0.039%$812K$3.0M25xas long as short
BloFin ETH-USDT−0.0011%8h2,728.3−0.025%$281.5M$177.2M150xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6−0.014%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,730.6+0.059%$10.5M$42.7M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.3+0.013%$6.5M$681.1M4.9xas long as short
Perpl ETH0.0000%43m2,728.1−0.030%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.2+0.010%$262.4M$212.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,728.7−0.009%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0020%8h2,728.9−0.003%—$1.10B—as long as short
Bybit ETHUSDT+0.0024%8h2,728.8−0.005%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,727.9−0.039%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,729.7+0.028%$192K$891K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,731.1+0.079%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSDlong+0.0060%1h2,728.9long leg$82.0M$309.7M100x
KuCoin ETHUSDTM+0.0068%8h2,728.2−0.026%$384.7M$577.7M100xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,728.7−0.011%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,729+0.002%$252.8M$849.3M200xas long as short
MEXC ETH_USDT+0.0092%8h2,728.7−0.009%$1.54B$2.55B500xas long as short
Binance ETHUSDT+0.0093%8h2,728.9−0.001%$6.31B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,729.2+0.010%$112.5M$428.9M50xas long as short
Lighter RH ETH+0.0096%1h2,730.4+0.052%$23.5M$101.8M50xas long as short
Hibachi ETH/USDT-P+0.0096%1h2,731.5+0.094%$242K$1.4M20xas long as short
Aevo ETH-PERP+0.0096%1h2,725.8−0.117%$4.9M$179K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,729+0.002%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.7+0.174%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.002%$14.0M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731+0.076%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730+0.039%$32.2M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.057%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.7+0.029%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.9−0.002%$3.30B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.9−0.003%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.6−0.014%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.9−0.074%$133.9M$319.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.6−0.050%$185.5M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.3+0.013%$158.6M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.1+0.006%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.3+0.051%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.9+0.035%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728−0.034%$185K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.9−0.002%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.5+0.057%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.4−0.021%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,728.3−0.023%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,728.9−0.001%$262.9M$64.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,729+0.001%$162.7M$352.6M25xas long as short
Aftermath Perps ETHUSDshort+0.0102%1h2,729.9+0.036%$30K$20K20x
Extended ETH-USD+0.0104%1h2,727.2−0.063%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.3+0.015%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729.3+0.014%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,729.6+0.025%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,730.3+0.048%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0185%1h2,727.3−0.060%$7.3M$975K25xas long as short