ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: Ondo Perps against Kraken Futures+0.063%7-day average −0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.063%, 7d avg −0.031%

Together, before fees−0.020%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.094% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.031%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.025% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,730	0.0222	pay 0.0028% / 1h	48m 59s	$85.1M	$311.9M	100x
Short	Ondo Perps ETH-USD.P	2,731.7	0.0100	get 0.0013% / 1h	48m 59s	$2.7M	$16.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Ondo PerpsbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$25.68
Price spread: +0.063% → −0.031%: $9.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$31.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Ondo 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 5 min ago	0.18 bp	6.2 bp −$6	7.3 bp −$73	8.6 bp −$864	12.8 bp −$6,417
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,731.5	+0.057%	$299K	$5.5M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,735.5	+0.202%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,738.1	+0.297%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.3	−0.025%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,734.6	+0.169%	$10.8M	$41.6M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,732.6	+0.096%	$181K	$833K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,741.2	+0.411%	$834K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,729.2	−0.029%	$25.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0031%	1h	2,729	−0.036%	$54.4M	$187.6M	40x	as long as short
Bullet ETH-USD	+0.0038%	1h	2,729.2	−0.027%	$180K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0056%	8h	2,728.5	−0.054%	—	$1.14B	—	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,729.6	−0.014%	$1.67B	$10.64B	100x	as long as short
KuCoin ETHUSDTM	+0.0072%	8h	2,729.4	−0.022%	$379.8M	$573.6M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0076%	1h	2,730.5	+0.019%	$260.0M	$196.2M	50x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,729.1	−0.032%	$252.3M	$841.6M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,729.5	−0.018%	$4.9M	$154K	20x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,729.1	−0.034%	$6.34B	$15.77B	150x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,728.4	−0.057%	$1.55B	$2.53B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,729.7	−0.012%	$112.1M	$433.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,729.9	−0.004%	$23.9M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,734.5	+0.167%	—	$30.4M	500x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,732.4	+0.089%	$5.6M	$11.4M	25x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,737.8	+0.287%	$15.8M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.7	+0.063%	$498K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.7	+0.028%	$13.8M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.6	+0.023%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.4	+0.162%	$31.7M	$333.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,729.1	−0.033%	$2.40B	$4.26B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,731.7	+0.063%	$2.7M	$16.9M	25x
Arcus ETH-USD	+0.0100%	1h	2,732.6	+0.094%	$2.8M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.8	+0.395%	$166.9M	$306.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.5	−0.053%	$3.35B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.8	−0.007%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.7	−0.085%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734.9	+0.180%	$133.1M	$324.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738	+0.293%	$182.0M	$665.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739	+0.329%	$159.4M	$84.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,735.3	+0.195%	$8.7M	$30.7M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736	+0.220%	$21.1M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732.9	+0.107%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.8	+0.103%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,730.4	+0.014%	$41.3M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,728.7	−0.047%	$957K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,728.9	−0.041%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,729.4	−0.022%	$265.2M	$65.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.9	−0.040%	$30.6M	$72.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730.7	+0.024%	$51.6M	$4.25B	50x	as long as short
Aftermath Perps ETHUSD	+0.0119%	1h	2,737.7	+0.282%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0156%	8h	2,732	+0.074%	$7.3M	$674.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,731	+0.037%	$32.1M	$11.5M	100x	as long as short
BloFin ETH-USDT	+0.0211%	8h	2,728	−0.073%	$284.8M	$173.9M	150x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0222%	1h	2,730	long leg	$85.1M	$311.9M	100x
Reya ETHRUSDPERP	+0.0224%	1h	2,729.7	−0.012%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,736	+0.220%	$254K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.1037%	1h	2,729.3	−0.024%	$21K	$20K	25x	as long as short