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 03:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.002%
Price spread now: Arcus against KuCoin+0.026%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Long on KuCoinShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.051%+$5 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.026%, 7d avg +0.024%
Together, before fees+0.033%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,738.40.0063pay 0.0063% / 8h5h 41m$383.1M$597.8M100x
ShortArcus ETH-USD2,739.10.0100get 0.0013% / 1h41m 12s$2.7M$16.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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
$7.77
Price spread: +0.026% → +0.024%
$0.12
Slippage, 4 orders
−$2.18
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$10.79
Costs to cover
0.187%
Break-even
16.7 days
Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 3 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 KuCoin live order book, 3 min ago0.02 bp6.8 bp −$77.7 bp −$7710.4 bp −$1,043doesn't fit
Sell Arcus live order book, 3 min ago0.40 bp2.9 bp −$33.1 bp −$314.8 bp −$481doesn'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−0.0112%43m2,738.7+0.014%$304K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740+0.060%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.173%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.2−0.042%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.2+0.029%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,737−0.049%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.231%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,738.3−0.003%$182K$916K50xas long as short
BingX ETH-USDC+0.0047%8h2,736.1−0.081%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0062%8h2,739.6+0.044%$1.69B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTMlong+0.0063%8h2,738.4long leg$383.1M$597.8M100x
RISEx ETH/USDC+0.0077%1h2,738.3−0.002%$5.6M$11.2M25xas long as short
Aster ETHUSDT+0.0081%8h2,738.3−0.004%$251.9M$841.3M200xas long as short
Bullet ETH-USD+0.0085%1h2,736.8−0.056%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0088%1h2,733.4−0.182%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0089%8h2,739.1+0.025%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0089%8h2,738.2−0.005%$6.36B$15.71B150xas long as short
HTX ETH-USDT+0.0095%8h2,737.9−0.016%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,736.8−0.058%$112.5M$432.4M50xas long as short
Lighter RH ETH+0.0096%1h2,739.4+0.037%$24.6M$103.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745+0.242%—$30.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,738.5+0.005%$58.7M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,741.5+0.116%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.5+0.005%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2−0.007%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.6+0.045%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,739.3+0.034%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,739.2+0.031%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.4+0.001%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,739.1+0.026%$2.7M$16.1M25x
Bulk ETH-USD+0.0100%1h2,743.5+0.188%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.4−0.037%$3.39B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.9+0.057%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.3+0.181%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4+0.074%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.144%$182.2M$689.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.188%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.149%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,744.7+0.231%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.2+0.068%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.7+0.012%$10.9M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737−0.052%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738.1−0.011%$41.5M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.9−0.091%$960K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,736.7−0.061%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4+0.001%$266.4M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,735.7−0.098%$30.6M$72.4M50xas long as short
Deribit ETH-PERPETUAL+0.0112%1h2,738−0.015%$258.8M$195.8M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,742.8+0.162%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0155%8h2,739.8+0.052%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,738.5+0.004%$32.2M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,736.5−0.070%$284.1M$177.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737.7−0.025%$86.9M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,737.2−0.044%$7.2M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.6+0.263%$250K$1.4M20xas long as short