ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.016%

Price spread now: Extended against Kraken Futures−0.071%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.071%, 7d avg −0.042%

Together, before fees+0.032%+ Points / potential airdropExtended: Active · farm board+$3 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 Extended is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,727.5	0.0211	pay 0.0026% / 1h	38m 54s	$83.3M	$311.9M	100x
Short	Extended ETH-USD	2,725.6	0.0104	get 0.0013% / 1h	38m 54s	$30.4M	$74.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$22.44
Price spread: −0.071% → −0.042%: −$2.89
Slippage, 4 orders: −$2.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$42.49
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	0.18 bp	6.6 bp −$7	7.7 bp −$77	9.1 bp −$906	12.8 bp −$6,405
Sell Extended live order book, 5 min ago	0.18 bp	2.7 bp −$3	2.7 bp −$27	5.5 bp −$553	13.4 bp −$6,720

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
ApeX Omni ETHUSDT	−0.0113%	1h	2,727.4	−0.004%	$8.6M	$31.4M	100x	as long as short
Perpl ETH	−0.0112%	43m	2,724.9	−0.094%	$290K	$5.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,725.6	−0.069%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,727.6	+0.004%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,727	−0.019%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,729	+0.055%	$817K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,725.9	−0.059%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,726.2	−0.047%	$6.7M	$690.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,727.2	−0.011%	$262.7M	$215.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,726.3	−0.042%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0008%	8h	2,726	−0.055%	$1.05B	$1.23B	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,725.8	−0.062%	$191K	$892K	50x	as long as short
BingX ETH-USDT	+0.0030%	8h	2,725.7	−0.067%	—	$1.12B	—	as long as short
Bybit ETHUSDT	+0.0034%	8h	2,725.8	−0.062%	$2.34B	$4.43B	150x	as long as short
SoDEX ETH-USD	+0.0069%	1h	2,726.5	−0.036%	$54.3M	$187.4M	40x	as long as short
KuCoin ETHUSDTM	+0.0074%	8h	2,725.9	−0.058%	$376.5M	$577.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0083%	1h	2,727.6	+0.004%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,725.8	−0.064%	$251.9M	$850.5M	200x	as long as short
SunX ETH-USDT	+0.0084%	8h	2,725.4	−0.076%	$956K	$11.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0089%	8h	2,726	−0.056%	$1.65B	$10.95B	100x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,725.8	−0.061%	$6.32B	$16.19B	150x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,726.2	−0.046%	$1.52B	$2.58B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,727.3	−0.009%	$112.0M	$434.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.4	+0.035%	$23.4M	$103.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,723.3	−0.152%	$4.9M	$165K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,725.2	−0.084%	$508K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,729.1	+0.057%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,725.5	−0.073%	$14.1M	$105.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.1	+0.022%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,726.2	−0.049%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,724.6	−0.106%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,725.6	−0.070%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,727.3	−0.008%	$162.4M	$353.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726	−0.056%	$3.29B	$8.97B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.2	−0.046%	$2.08B	$2.80B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726	−0.054%	$15.0M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,726.2	−0.049%	$133.5M	$324.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.4	−0.002%	$184.9M	$681.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,726.6	−0.032%	$158.4M	$87.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727	−0.018%	$21.0M	$69.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,727.1	−0.016%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.2	−0.011%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,725.8	−0.064%	$180K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,726.4	−0.040%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.9	+0.014%	$40.9M	$30.2M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,726.8	−0.025%	$262.9M	$65.0M	150x	as long as short
Extended ETH-USDshort	+0.0104%	1h	2,725.6	−0.071%	$30.4M	$74.0M	50x
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,725.6	−0.071%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,728.1	+0.022%	$50.2M	$4.32B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,725.9	−0.057%	$5.6M	$11.7M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,728.6	+0.039%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,725.1	−0.087%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0211%	1h	2,727.5	long leg	$83.3M	$311.9M	100x
Hibachi ETH/USDT-P	+0.0248%	1h	2,726.3	−0.044%	$244K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0371%	8h	2,726.1	−0.050%	$282.1M	$175.4M	150x	as long as short