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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 23:00 UTC−0.0218%/8h= −23.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.043%
Price spread now: Jupiter Perps against Kraken Futures+0.002%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Jupiter Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.133%−$13 on $10k
Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.002%, 7d avg +0.007%
Together, before fees−0.115%−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,773.40.0170pay 0.0021% / 1h11m 50s$86.0M$332.4M100x
ShortJupiter Perps ETH-PERP2,773.4L +0.0096% / S +0.0048%pay 0.0006% / 1h11m 50s—$41.6M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$45.73
Price spread: +0.002% → +0.007%
−$0.57
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$68.29
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; Jupiter 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, 2 min ago0.18 bp5.5 bp −$56.7 bp −$678.8 bp −$88212.4 bp −$6,203
Sell Jupiter Perps no order-book sample—————
Jupiter 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%43m2,772.9−0.016%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.4−0.036%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1−0.010%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.224%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.9−0.017%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,775.7+0.083%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,774.2+0.030%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,775.9+0.091%$885K$3.7M25xas long as short
Deribit ETH-PERPETUAL+0.0002%1h2,774+0.022%$258.5M$222.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.40.000%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,771.5−0.069%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,771.5−0.069%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,772.5−0.031%$269.8M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2−0.005%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,772.4−0.034%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0035%8h2,772.1−0.045%$255.7M$992.4M200xas long as short
Nado ETH-PERP+0.0060%1h2,772.3−0.038%$14.2M$118.2M50xas long as short
MEXC ETH_USDT+0.0064%8h2,772.4−0.037%$1.61B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,770.9−0.091%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0064%8h2,772−0.051%$6.43B$17.21B150xas long as short
SoDEX ETH-USD+0.0065%1h2,772.4−0.035%$55.2M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,775.6+0.079%$8.8M$32.6M100xas long as short
Bitget ETHUSDT+0.0068%8h2,771.8−0.058%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,771.9−0.053%$3.29B$9.66B200xas long as short
HTX ETH-USDT+0.0092%8h2,772.5−0.032%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,771.7−0.060%$2.52B$4.62B150xas long as short
Lighter ETH+0.0096%1h2,772.8−0.020%$115.0M$502.4M50xas long as short
Lighter RH ETH+0.0096%1h2,774.3+0.032%$25.4M$121.7M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0048%1h2,773.4+0.002%—$41.6M500x
KuCoin ETHUSDTM+0.0097%8h2,771.5−0.069%$422.0M$739.0M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.1−0.046%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.1−0.010%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.1+0.026%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,773.1−0.009%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.2−0.042%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.021%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.200%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5−0.030%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,774.7+0.049%$141.6M$331.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.7+0.084%$181.7M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.086%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.004%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.015%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.5+0.003%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.9+0.053%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.9−0.052%$972K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.2−0.007%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,771.5−0.068%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.6+0.007%$59.7M$4.60B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,773.4+0.001%$8.4M$680.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.2+0.064%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSDlong+0.0170%1h2,773.4long leg$86.0M$332.4M100x
BloFin ETH-USDT+0.0184%8h2,772.5−0.031%$283.9M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,772.3−0.038%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,773.9+0.020%$270K$1.5M20xas long as short