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+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against KuCoin+0.029%7-day average −0.003% · you sell dearer than you buy
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−$230.232% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.029%, 7d avg −0.003%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.032% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,747.80.0073pay 0.0073% / 8h6h 30m$381.2M$605.9M100x
ShortBybit ETHUSDT2,748.60.0100get 0.0100% / 8h6h 30m$2.46B$4.34B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$5.67
Price spread: +0.029% → −0.003%
$3.15
Slippage, 4 orders
−$0.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$14.41
Costs to cover
0.232%
Break-even
24.8 days
Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 bp6.0 bp −$67.9 bp −$799.7 bp −$969doesn't fit
Sell Bybit live order book, 3 min ago0.02 bp5.5 bp −$65.5 bp −$557.2 bp −$7239.9 bp −$4,942

ETH on 54 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%43m2,748.2+0.014%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.4+0.021%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,748.8+0.036%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.105%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.6+0.027%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4−0.051%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748+0.007%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.4+0.021%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,749.1+0.047%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,748.5+0.027%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0043%8h2,748.7+0.031%$1.69B$11.03B100xas long as short
HTX ETH-USDT+0.0044%8h2,747.9+0.003%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0061%8h2,748.3+0.019%$252.9M$859.6M200xas long as short
MEXC ETH_USDT+0.0071%8h2,748.2+0.014%$1.56B$2.56B500xas long as short
Aevo ETH-PERP+0.0072%1h2,746.2−0.058%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0072%8h2,748.5+0.025%$6.36B$16.25B150xas long as short
KuCoin ETHUSDTMlong+0.0073%8h2,747.8long leg$381.2M$605.9M100x
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.8+0.034%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0090%8h2,748.3+0.017%$2.07B$2.85B150xas long as short
Gate ETH_USDT+0.0094%8h2,748.9+0.039%$3.39B$8.86B200xas long as short
Lighter ETH+0.0096%1h2,748+0.006%$112.8M$442.2M50xas long as short
Lighter RH ETH+0.0096%1h2,749.5+0.062%$24.8M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2+0.014%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753+0.188%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.80.000%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.6−0.006%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750+0.080%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,748.7+0.033%$31.5M$333.7M50xas long as short
Bybit ETHUSDTshort+0.0100%8h2,748.6+0.029%$2.46B$4.34B150x
Ondo Perps ETH-USD.P+0.0100%1h2,748+0.007%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.3+0.054%$2.8M$16.6M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.5−0.012%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.013%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.125%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.073%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,749+0.043%$21.3M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.3+0.056%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.4+0.021%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.4+0.021%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,748.5+0.025%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,749.7+0.068%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.7−0.003%$964K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748+0.007%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.1+0.009%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.141%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746.9−0.035%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,747.5−0.010%$30.5M$74.3M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,748.9+0.040%$7.8M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,750.6+0.100%$32.4M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,749.3+0.053%$258.5M$201.0M50xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,750.7+0.105%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.018%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,748.4+0.022%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.6+0.030%$89.9M$316.5M100xas long as short