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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Bulk against KuCoin−0.016%7-day average +0.006% · 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−$22as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Long on KuCoinShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.049%+$5 on $10k
Price spread, last 7 days+0.018%+$2 · spread now −0.016%, 7d avg +0.006%
Together, before fees+0.067%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,771.30.0100pay 0.0100% / 8h2h 47m$425.1M$744.0M100x
ShortBulk ETH-USD2,770.80.0100get 0.0013% / 1h47m 42s$164.5M$255.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$0
Price spread: −0.016% → +0.006%
−$2.19
Slippage, 4 orders
−$0.39
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$21.58
Costs to cover
0.194%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bulk: live order book, 1 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 bp6.3 bp −$67.2 bp −$7210.3 bp −$1,032doesn't fit
Sell Bulk live order book, 1 min ago0.02 bp3.5 bp −$43.5 bp −$353.6 bp −$3604.2 bp −$2,120

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%43m2,771.5+0.007%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.072%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.021%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770−0.046%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.8+0.019%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.196%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9+0.021%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.044%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.6+0.048%$22.4M—200xas long as short
Phemex ETHUSDT+0.0016%8h2,771.4+0.004%$266.6M$65.8M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.2−0.003%$1.70B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.3+0.038%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0038%1h2,773.3+0.074%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.7−0.059%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,771.4+0.003%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,771.2−0.003%$255.9M$996.3M200xas long as short
Binance ETHUSDT+0.0044%8h2,771.4+0.003%$6.44B$17.22B150xas long as short
Gate ETH_USDT+0.0058%8h2,771.5+0.008%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.30.000%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0076%1h2,771.4+0.004%$187K$1.8M20xas long as short
SoDEX ETH-USD+0.0086%1h2,771.6+0.012%$55.2M$228.6M40xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.052%$141.1M$319.9M—as long as short
Lighter ETH+0.0096%1h2,771.9+0.022%$115.2M$508.7M50xas long as short
Lighter RH ETH+0.0096%1h2,773.2+0.068%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.6+0.049%—$42.5M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.6+0.010%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8+0.019%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.7+0.015%$16.1M$115.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.113%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772+0.026%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.3−0.001%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.9−0.014%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.8+0.089%$2.8M$17.5M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,770.8−0.016%$164.5M$255.4M25x
KuCoin ETHUSDTMlong+0.0100%8h2,771.3long leg$425.1M$744.0M100x
BingX ETH-USDC+0.0100%8h2,771.4+0.003%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.3+0.036%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.060%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.9−0.048%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,769.5−0.064%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772+0.028%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.062%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.4+0.041%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.1+0.103%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.041%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.025%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,771−0.009%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.5+0.080%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.2+0.033%$8.6M$670.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,774.8+0.125%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,769.8−0.053%$286.5M$196.4M150xas long as short
Deribit ETH-PERPETUAL+0.0186%1h2,773.7+0.088%$259.0M$223.3M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.023%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773.2+0.070%$88.5M$330.1M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9−0.014%$273K$1.5M20xas long as short