Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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.

Funding you earn now, next payment 23:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Kraken Futures+0.027%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Long on Kraken FuturesShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.027%, 7d avg +0.013%
Together, before fees−0.073%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,772.60.0170pay 0.0021% / 1h50m 24s$86.1M$330.7M100x
ShortPacifica ETH2,773.30.0100get 0.0013% / 1h50m 24s$31.2M$293.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$14.66
Price spread: +0.027% → +0.013%
$1.36
Slippage, 4 orders
−$1.89
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$33.18
Costs to cover
0.199%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Pacifica: live order book, 4 min ago.

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, 4 min ago0.18 bp5.7 bp −$66.8 bp −$688.4 bp −$84311.9 bp −$5,937
Sell Pacifica live order book, 4 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn't fit

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%43m2,772.4−0.007%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.8+0.009%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1+0.019%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.3+0.026%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6+0.001%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0007%1h2,771.9−0.023%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.8+0.008%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,772−0.021%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.1−0.019%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,771.2−0.048%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771−0.057%$1.71B$11.83B100xas long as short
Phemex ETHUSDT+0.0023%8h2,770.8−0.066%$266.9M$65.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.4−0.007%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,771.9−0.023%$256.3M$992.8M200xas long as short
Nado ETH-PERP+0.0034%1h2,772.8+0.007%$14.3M$118.5M50xas long as short
Bullet ETH-USD+0.0038%1h2,771.7−0.032%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0053%8h2,771.7−0.031%$6.44B$17.16B150xas long as short
MEXC ETH_USDT+0.0053%8h2,772−0.019%$1.61B$2.64B500xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,773.3+0.027%$287K$1.5M20xas long as short
Aevo ETH-PERP+0.0056%1h2,770.8−0.065%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0070%1h2,771.3−0.046%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,771.3−0.047%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0083%8h2,771.5−0.038%$3.28B$9.54B200xas long as short
Lighter ETH+0.0096%1h2,773.4+0.028%$115.0M$495.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.082%$25.4M$120.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.5−0.038%—$41.4M500xas long as short
HTX ETH-USDT+0.0097%8h2,770.3−0.083%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.5−0.003%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773+0.015%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.3+0.062%$3.19B$2.38B25xas long as short
Pacifica ETHshort+0.0100%1h2,773.3+0.027%$31.2M$293.6M50x
Bybit ETHUSDT+0.0100%8h2,771.2−0.049%$2.51B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.6+0.001%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.076%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.071%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773+0.014%$424.1M$738.6M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3−0.045%$15.2M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.1−0.090%$135.6M$326.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.5−0.002%$179.7M$779.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.128%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.8−0.029%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,772−0.021%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.4+0.030%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.6+0.002%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.7+0.042%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,771−0.058%$971K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,772.60.000%—$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0103%1h2,773.3+0.025%$258.4M$224.3M50xas long as short
Extended ETH-USD+0.0104%1h2,770.7−0.068%$31.4M$75.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.8+0.008%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,772.1−0.017%$8.5M$673.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,774.1+0.055%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSDlong+0.0170%1h2,772.6long leg$86.1M$330.7M100x
BloFin ETH-USDT+0.0173%8h2,771−0.056%$285.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,771.9−0.025%$7.4M$1.1M25xas long as short