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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0113%/8h= +12.4% APRnext payment +$1.13 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against KuCoin+0.090%7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.285%+$29 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.090%, 7d avg +0.080%
Together, before fees+0.272%+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,726.30.0073pay 0.0073% / 8h1h 37m$376.3M$577.6M100x
ShortOrderly PERP_ETH_USDC2,728.70.0186get 0.0186% / 8h1h 37m$32.1M$11.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$23.78
Price spread: +0.090% → +0.080%
$1.02
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$6.8
Costs to cover
0.180%
Break-even
5.0 days
Slippage unknown: KuCoin: live order book, 2 min ago; Orderly: 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, 2 min ago0.02 bp6.0 bp −$68.0 bp −$8010.7 bp −$1,070doesn't fit
Sell Orderly no order-book sample—————
Orderly: 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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.040%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.7−0.023%$290K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.4+0.004%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.048%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.9+0.022%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.041%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.3+0.037%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.026%$6.7M$689.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727+0.025%$262.7M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.3−0.001%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.8−0.018%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,727.1+0.030%$190K$893K50xas long as short
BingX ETH-USDC+0.0030%8h2,725.1−0.045%—$18.6M—as long as short
Bybit ETHUSDT+0.0033%8h2,725.1−0.044%$2.34B$4.42B150xas long as short
SoDEX ETH-USD+0.0064%1h2,726.2−0.003%$54.3M$187.5M40xas long as short
KuCoin ETHUSDTMlong+0.0073%8h2,726.3long leg$376.3M$577.6M100x
Aster ETHUSDT+0.0084%8h2,725.9−0.016%$251.9M$850.0M200xas long as short
SunX ETH-USDT+0.0085%8h2,726.2−0.004%$955K$11.1M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,727.6+0.046%$30K$20K20xas long as short
Aevo ETH-PERP+0.0088%1h2,723.9−0.086%$4.9M$165K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,725−0.047%$1.65B$10.94B100xas long as short
Binance ETHUSDT+0.0091%8h2,725.8−0.017%$6.32B$16.18B150xas long as short
MEXC ETH_USDT+0.0091%8h2,725.2−0.042%$1.52B$2.59B500xas long as short
Lighter ETH+0.0096%1h2,726−0.011%$111.9M$434.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.7+0.050%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.4+0.004%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.9+0.131%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.4+0.004%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.7+0.052%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.3+0.035%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726−0.011%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.2+0.035%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.036%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.8−0.018%$3.29B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.4−0.034%$2.08B$2.80B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4−0.034%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.005%$133.5M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.064%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.012%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726−0.011%$21.0M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.8+0.055%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.8+0.055%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,726.4+0.005%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8+0.019%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.058%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.2−0.004%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,725.4−0.032%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.7+0.014%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.052%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,727.2+0.033%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDCshort+0.0186%8h2,728.7+0.090%$32.1M$11.4M100x
Reya ETHRUSDPERP+0.0192%1h2,725.7−0.020%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.9+0.021%$83.2M$311.7M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,726.5+0.008%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2−0.005%$281.8M$175.4M150xas long as short