ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0329%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h +0.002%

Price spread now: RISEx against Kraken Futures−0.101%7-day average +0.010% · 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−$32as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.101%, 7d avg +0.010%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and RISEx is 0.111% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,783.3	0.0122	pay 0.0015% / 1h	47m 36s	$87.0M	$333.3M	100x
Short	RISEx ETH/USDC	2,780.5	−0.0206	pay 0.0026% / 1h	47m 36s	$5.7M	$11.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$69.03
Price spread: −0.101% → +0.010%: −$11.12
Slippage, 4 orders: −$5.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$101.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; RISEx: 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	6.1 bp −$6	7.4 bp −$74	8.9 bp −$887	11.8 bp −$5,886
Sell RISEx live order book, 2 min ago	1.29 bp	4.3 bp −$4	5.1 bp −$51	doesn't fit	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	2,783.5	+0.009%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDCshort	−0.0206%	1h	2,780.5	−0.101%	$5.7M	$11.9M	25x
ApeX Omni ETHUSDT	−0.0110%	1h	2,783.3	+0.001%	$8.8M	$32.8M	100x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.028%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,781.9	−0.049%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0016%	1h	2,781.2	−0.075%	$168K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0013%	1h	2,782.9	−0.013%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,782.6	−0.025%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,783.6	+0.012%	$887K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,782.9	−0.015%	$22.5M	—	200x	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	+0.0016%	8h	2,780.7	−0.094%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,780.5	−0.098%	$1.70B	$11.92B	100x	as long as short
Phemex ETHUSDT	+0.0022%	8h	2,782.3	−0.035%	$271.1M	$68.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,782.9	−0.014%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,781.1	−0.080%	$256.6M	$1.00B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,782.2	−0.040%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,780.6	−0.095%	$1.60B	$2.63B	500x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,780.7	−0.092%	$2.10B	$3.11B	150x	as long as short
Binance ETHUSDT	+0.0067%	8h	2,781.1	−0.077%	$6.45B	$17.29B	150x	as long as short
Bullet ETH-USD	+0.0069%	1h	2,782.1	−0.042%	$184K	$1.7M	20x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,780.6	−0.095%	$3.31B	$9.60B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,783.6	+0.012%	$60.4M	$4.62B	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,781.6	−0.062%	$422.7M	$739.9M	100x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,782.3	−0.036%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0091%	8h	2,780.9	−0.085%	$2.52B	$4.64B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,782.1	−0.042%	$116.3M	$496.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,783.1	−0.007%	$25.4M	$120.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,783	−0.009%	—	$41.9M	500x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,782.4	−0.030%	—	$1.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0099%	1h	2,783.8	+0.020%	$258.9M	$222.9M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,781	−0.081%	$16.0M	$10.3M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,780.6	−0.096%	$478K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,782.1	−0.044%	$14.3M	$118.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,784.4	+0.040%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,781.9	−0.049%	$31.3M	$309.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,780.2	−0.110%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,781.9	−0.050%	$2.7M	$17.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,784.2	+0.034%	$168.3M	$253.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,782.5	−0.028%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,782.7	−0.021%	$147.8M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,783.9	+0.023%	$182.2M	$781.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,783.7	+0.017%	$161.9M	$89.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,782.2	−0.039%	$21.5M	$58.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,783.7	+0.015%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,782.9	−0.015%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,784.5	+0.042%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,781.3	−0.070%	$975K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,782.2	−0.039%	$55.4M	$229.1M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,780.2	−0.109%	$32.7M	$77.7M	50x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0122%	1h	2,783.3	long leg	$87.0M	$333.3M	100x
Kalshi KXETHPERP	+0.0123%	8h	2,783.1	−0.006%	$8.4M	$682.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,784.9	+0.057%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,781	−0.084%	$284.9M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,782.3	−0.035%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,783.5	+0.008%	$271K	$1.5M	20x	as long as short