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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Derive against KuCoin+0.094%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.094%, 7d avg +0.056%
Together, before fees+0.111%+$11 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: Derive is 0.038% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,767.90.0100pay 0.0100% / 8h2h 44m$424.8M$742.5M100x
ShortDerive ETH-PERP2,770.50.0100get 0.0013% / 1h44m 51s$42.8M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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: +0.094% → +0.056%
$3.83
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Derive: 3 bp × 2 orders
−$6
Net
−$14.17
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

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, 4 min ago0.02 bp6.2 bp −$66.5 bp −$658.5 bp −$845doesn't fit
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,769+0.040%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.101%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0095%1h2,771.1+0.116%$10.5M$31.0M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.5+0.094%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,768.4+0.018%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.122%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.4+0.016%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,770.7+0.102%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.035%$22.4M—200xas long as short
Phemex ETHUSDT+0.0021%8h2,768.1+0.005%$266.3M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,767.6−0.011%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,772.3+0.157%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,768.9+0.035%$13.1M—200xas long as short
Aster ETHUSDT+0.0043%8h2,767.8−0.003%$255.7M$995.6M200xas long as short
MEXC ETH_USDT+0.0044%8h2,767.5−0.016%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0045%8h2,768.1+0.005%$6.43B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.1−0.065%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0059%8h2,768+0.005%$3.29B$9.57B200xas long as short
Bitget ETHUSDT+0.0074%8h2,767.8−0.006%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0079%1h2,768.1+0.006%$186K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.114%$141.1M$318.8M—as long as short
SoDEX ETH-USD+0.0094%1h2,768+0.003%$55.1M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,768.5+0.021%$115.1M$509.1M50xas long as short
Lighter RH ETH+0.0096%1h2,769.9+0.073%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769+0.040%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,768.1+0.006%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.9+0.036%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.1+0.007%$16.0M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.7+0.101%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,769.3+0.051%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.7−0.007%$2.50B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.2+0.010%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4+0.090%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.105%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTMlong+0.0100%8h2,767.9long leg$424.8M$742.5M100x
BingX ETH-USDC+0.0100%8h2,767.4−0.019%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.5+0.020%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,771.4+0.127%$178.2M$790.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.7+0.137%$161.2M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.090%$21.4M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.5+0.059%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6+0.061%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.051%$21K$25K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,770.5+0.094%$42.8M$29.4M15x
SunX ETH-USDT+0.0100%8h2,767.2−0.025%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,767.6−0.013%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.1−0.030%$31.5M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,769.6+0.061%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,770.3+0.086%$8.6M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,771+0.113%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,770+0.077%$259.0M$223.3M50xas long as short
BloFin ETH-USDT+0.0165%8h2,767.90.000%$286.6M$195.3M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,767.4−0.019%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,769.3+0.051%$88.4M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,772.4+0.161%$273K$1.5M20xas long as short