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 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.46 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against KuCoin−0.043%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Long on KuCoinShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.043%, 7d avg −0.001%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,772.50.0100pay 0.0100% / 8h1h 53m$423.8M$740.7M100x
ShortBinance ETHUSDT2,771.30.0054get 0.0054% / 8h1h 53m$6.43B$17.19B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$9.69
Price spread: −0.043% → −0.001%
−$4.15
Slippage, 4 orders
−$0.52
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$36.36
Costs to cover
0.225%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 6 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, 6 min ago0.02 bp6.5 bp −$68.3 bp −$8311.4 bp −$1,136doesn't fit
Sell Binance live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$506.2 bp −$6158.8 bp −$4,424

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%43m2,772.5+0.002%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2−0.009%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.081%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.2+0.027%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6+0.005%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.066%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.113%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3−0.006%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.9+0.017%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,771.5−0.036%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.7−0.065%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0025%8h2,770.8−0.061%$266.9M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2−0.009%$13.2M—200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.132%$276K$1.5M20xas long as short
Aster ETHUSDT+0.0033%8h2,772.6+0.005%$256.4M$993.6M200xas long as short
Nado ETH-PERP+0.0038%1h2,772.5+0.002%$14.3M$118.9M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4−0.038%$182K$1.8M20xas long as short
Binance ETHUSDTshort+0.0054%8h2,771.3−0.043%$6.43B$17.19B150x
MEXC ETH_USDT+0.0054%8h2,771.5−0.035%$1.61B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,769.6−0.103%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.7+0.009%$258.4M$224.9M50xas long as short
SoDEX ETH-USD+0.0074%1h2,770.8−0.060%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,770.7−0.064%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,771.7−0.029%$3.29B$9.54B200xas long as short
Lighter ETH+0.0096%1h2,773.3+0.031%$115.0M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.083%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.5+0.036%—$41.7M500xas long as short
HTX ETH-USDT+0.0098%8h2,771.1−0.048%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.011%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.8+0.014%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9+0.016%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.7+0.081%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3+0.030%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.9−0.057%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.001%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.063%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.054%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTMlong+0.0100%8h2,772.5long leg$423.8M$740.7M100x
Backpack ETH_USDC_PERP+0.0100%1h2,773.2+0.026%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.062%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.132%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.138%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.110%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.038%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772−0.017%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.027%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,772−0.018%$973K$14.1M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.3+0.030%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,770.2−0.080%$31.4M$75.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.3−0.006%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.157%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,774+0.057%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.9−0.019%$86.1M$331.6M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.8−0.060%$286.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.034%$7.3M$1.1M25xas long as short