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

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.14 per $10,000 · paid last 24h −0.008%
Price spread now: BingX against KuCoin−0.008%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.235% of the position
Long on KuCoinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now −0.008%, 7d avg −0.043%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,7680.0086pay 0.0086% / 8h7h 17m$420.5M$604.4M100x
ShortBingX ETH-USDC2,767.80.0100get 0.0100% / 8h7h 17m—$17.3M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$2.94
Price spread: −0.008% → −0.043%
$3.59
Slippage, 4 orders
−$1.53
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$17.01
Costs to cover
0.235%
Break-even
47.5 days
Slippage from KuCoin: live order book, 2 min ago; BingX: 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, 2 min ago0.02 bp6.0 bp −$67.2 bp −$7210.3 bp −$1,031doesn't fit
Sell BingX live order book, 6 min ago0.18 bp5.2 bp −$55.6 bp −$567.9 bp −$79412.0 bp −$6,023

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
Injective ETH/USDC PERP−0.0752%1h2,765.8−0.078%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,768+0.001%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.3−0.025%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1+0.005%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,768.2+0.008%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.146%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,768.3+0.013%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2−0.028%$22.3M—200xas long as short
Bullet ETH-USD+0.0018%1h2,766−0.071%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,769.1+0.041%$1.70B$11.15B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0030%1h2,767−0.035%$55.1M$188.0M40xas long as short
Aster ETHUSDT+0.0043%8h2,767.6−0.012%$256.3M$885.8M200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,766.6−0.048%$12.7M—200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.3−0.096%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0057%8h2,767.9−0.001%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,769+0.036%$6.48B$16.25B150xas long as short
Gate ETH_USDT+0.0062%8h2,768.3+0.011%$3.38B$9.06B200xas long as short
Bitget ETHUSDT+0.0076%8h2,768.3+0.010%$2.10B$2.87B150xas long as short
Aftermath Perps ETHUSD+0.0078%1h2,769.6+0.060%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,768.7+0.025%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0081%1h2,767.8−0.006%—$876K50xas long as short
Phemex ETHUSDT+0.0082%8h2,767.2−0.029%$269.3M$67.3M150xas long as short
HTX ETH-USDT+0.0084%8h2,766.2−0.064%$1.07B$1.24B200xas long as short
KuCoin ETHUSDTMlong+0.0086%8h2,768long leg$420.5M$604.4M100x
Lighter ETH+0.0096%1h2,767.4−0.020%$114.9M$459.0M50xas long as short
Lighter RH ETH+0.0096%1h2,768.9+0.032%$25.5M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.008%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.6+0.095%$15.9M$8.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768+0.001%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768+0.001%$14.6M$113.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.4+0.088%$3.16B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,768.1+0.005%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.6+0.059%$2.51B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.9−0.039%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.7+0.025%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.160%$172.0M$292.0M25xas long as short
BingX ETH-USDCshort+0.0100%8h2,767.8−0.008%—$17.3M—
Backpack ETH_USDC_PERP+0.0100%1h2,767.8−0.008%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.021%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.005%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.029%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.9−0.003%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6−0.013%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.4−0.020%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.5+0.021%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767−0.036%$971K$13.0M100xas long as short
Extended ETH-USD+0.0104%1h2,766.2−0.062%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,767.5−0.019%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.6+0.023%$8.1M$677.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,768.5+0.020%$97.8M$320.5M100xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,769.2+0.043%$32.6M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,768.6+0.024%$259.1M$203.2M50xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,766.5−0.053%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,767.2−0.028%$287.6M$178.6M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,766.8−0.041%$7.3M$1.1M25xas long as short