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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 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.007%
Price spread now: Extended against KuCoin−0.038%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on KuCoinShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 7 days+0.008%+$1 · spread now −0.038%, 7d avg −0.050%
Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,774.60.0080pay 0.0080% / 8h2m 34s$422.8M$738.7M100x
ShortExtended ETH-USD2,773.50.0104get 0.0013% / 1h2m 34s$32.5M$78.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$5.04
Price spread: −0.038% → −0.050%
$1.16
Slippage, 4 orders
−$0.42
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$11.22
Costs to cover
0.174%
Break-even
22.6 days
Slippage from KuCoin: live order book, 7 min ago; Extended: live order book, 2 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, 7 min ago0.02 bp6.0 bp −$67.0 bp −$7010.2 bp −$1,020doesn't fit
Sell Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$273.4 bp −$34310.4 bp −$5,219

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−0.0223%43m2,775.8+0.043%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773.9−0.027%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.450%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.3−0.010%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0026%1h2,769.6−0.181%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.7+0.004%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.044%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,774.3−0.010%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.4+0.065%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.5−0.002%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,774.4−0.005%$270.3M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.1+0.055%$12.9M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.5−0.003%$55.2M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,772.8−0.065%$29K$22K20xas long as short
Aster ETHUSDT+0.0034%8h2,774.3−0.009%$256.1M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,775.5+0.033%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4−0.008%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0056%8h2,774.1−0.017%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.3−0.083%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,776.5+0.067%$259.1M$222.1M50xas long as short
Bitget ETHUSDT+0.0065%8h2,774.3−0.012%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,774.4−0.008%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTMlong+0.0080%8h2,774.6long leg$422.8M$738.7M100x
Bybit ETHUSDT+0.0087%8h2,774.3−0.009%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,773.9−0.026%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,776+0.052%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0091%1h2,774.2−0.015%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,775.1+0.018%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.9+0.012%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.073%$25.3M$122.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.2+0.057%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.4−0.007%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774−0.021%$485K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.098%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775+0.015%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.2−0.050%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.6+0.001%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.187%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.5−0.005%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.218%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.173%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.157%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776+0.051%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.5+0.069%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.2+0.059%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,775+0.014%$974K$13.9M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,776.4+0.065%$8.3M$688.6M4.9xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.102%$42.8M$29.4M15xas long as short
Extended ETH-USDshort+0.0104%1h2,773.5−0.038%$32.5M$78.4M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6+0.074%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.7+0.040%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,777.9+0.118%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0174%8h2,774.5−0.002%$287.2M$193.8M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,776.1+0.054%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6+0.035%$7.4M$1.2M25xas long as short