ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Kraken Futures−0.032%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.032%, 7d avg +0.027%

Together, before fees+0.097%+$10 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 Arcus is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,781.9	0.0122	pay 0.0015% / 1h	56m 47s	$86.6M	$332.6M	100x
Short	Arcus ETH-USD	2,781.1	0.0100	get 0.0013% / 1h	56m 47s	$2.7M	$17.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$4.72
Price spread: −0.032% → +0.027%: −$5.88
Slippage, 4 orders: −$2.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$27.65
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Arcus: live order book, 2 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 Kraken Futures live order book, 2 min ago	0.18 bp	6.2 bp −$6	7.0 bp −$70	8.2 bp −$821	11.9 bp −$5,943
Sell Arcus live order book, 2 min ago	0.02 bp	2.3 bp −$2	2.4 bp −$24	3.9 bp −$393	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	−0.0447%	43m	2,779.7	−0.079%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,779.8	−0.078%	$5.7M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,777.7	−0.152%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,779.7	−0.080%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,780.4	−0.055%	$169K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,782.7	+0.027%	$12.8M	$45.8M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,778.7	−0.116%	$881K	$3.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0001%	1h	2,777.9	−0.144%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,781.4	−0.019%	$22.5M	—	200x	as long as short
BingX ETH-USDT	+0.0014%	8h	2,781.9	−0.002%	—	$1.21B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0019%	8h	2,782.3	+0.013%	$1.70B	$11.90B	100x	as long as short
Phemex ETHUSDT	+0.0022%	8h	2,780.5	−0.050%	$270.9M	$68.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,781.3	−0.022%	$12.9M	—	200x	as long as short
Bullet ETH-USD	+0.0028%	1h	2,780.5	−0.051%	$182K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,781.6	−0.012%	$255.0M	$998.0M	200x	as long as short
ApeX Omni ETHUSDT	+0.0049%	1h	2,776.4	−0.201%	$8.8M	$32.7M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0056%	1h	2,782.1	+0.007%	$258.7M	$222.8M	50x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,781.3	−0.023%	$1.60B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,782	+0.001%	$6.45B	$17.24B	150x	as long as short
Nado ETH-PERP	+0.0062%	1h	2,780.2	−0.063%	$14.3M	$118.2M	50x	as long as short
Bitget ETHUSDT	+0.0064%	8h	2,782.1	+0.005%	$2.10B	$3.10B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,779.4	−0.090%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0070%	8h	2,781.8	−0.005%	$3.31B	$9.56B	200x	as long as short
SoDEX ETH-USD	+0.0084%	1h	2,780.7	−0.044%	$55.4M	$229.0M	40x	as long as short
HTX ETH-USDT	+0.0088%	8h	2,780.3	−0.059%	$1.08B	$1.32B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,782	+0.004%	$60.2M	$4.61B	50x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,782.4	+0.017%	$2.52B	$4.62B	150x	as long as short
KuCoin ETHUSDTM	+0.0092%	8h	2,780.8	−0.039%	$423.8M	$739.4M	100x	as long as short
Vest ETH-PERP	+0.0095%	1h	2,780.5	−0.050%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,782.3	+0.014%	$116.3M	$494.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,783.9	+0.071%	$25.5M	$120.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,779.2	−0.097%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.9	−0.073%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,784.9	+0.107%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,782.6	+0.024%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,779	−0.106%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,781.1	−0.032%	$2.7M	$17.1M	25x
Bulk ETH-USD	+0.0100%	1h	2,777.9	−0.144%	$168.1M	$250.4M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,780.7	−0.044%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,775.9	−0.216%	$147.5M	$336.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.8	−0.183%	$181.7M	$779.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.9	−0.181%	$161.5M	$90.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,779.1	−0.102%	$21.5M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,782	+0.002%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,780.7	−0.044%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,782.9	+0.036%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,780.1	−0.067%	$974K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,780.8	−0.041%	$32.6M	$77.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,781.3	−0.023%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0122%	1h	2,781.9	long leg	$86.6M	$332.6M	100x
Kalshi KXETHPERP	+0.0124%	8h	2,780.7	−0.044%	$8.3M	$681.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,783.5	+0.055%	$32.7M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,780.3	−0.057%	$285.2M	$195.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0196%	1h	2,780.7	−0.046%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0296%	1h	2,780.2	−0.062%	$270K	$1.5M	20x	as long as short