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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+0.0109%/8h= +11.9% APRpaid last 24h +0.016%
Price spread now: Reya against KuCoin+0.040%7-day average −0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.092%+$9 on $10k
Price spread, last 7 days−0.063%−$6 · spread now +0.040%, 7d avg −0.029%
Together, before fees+0.029%+ Points / potential airdropReya: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,782.10.0089pay 0.0089% / 8h50m 05s$423.2M$739.7M100x
ShortReya ETHRUSDPERP2,783.20.0198get 0.0025% / 1h50m 05s$7.4M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$22.83
Price spread: +0.040% → −0.029%
$6.93
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Reya: 3 bp × 2 orders
−$6
Net
$11.76
Costs to cover
0.180%
Break-even
3.4 days
Slippage unknown: KuCoin: live order book, 9 min ago; Reya: 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, 9 min ago0.02 bp6.9 bp −$78.6 bp −$8610.9 bp −$1,091doesn't fit
Sell Reya no order-book sample—————
Reya: 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%43m2,784.2+0.076%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.5+0.052%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5+0.015%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.9+0.101%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0066%1h2,786.6+0.162%$8.8M$32.8M100xas long as short
01 Exchange ETHUSD−0.0024%1h2,784.2+0.076%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0009%1h2,782.8+0.026%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.6+0.091%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785+0.105%$888K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.5+0.049%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.2+0.004%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,782−0.005%$1.70B$11.91B100xas long as short
Phemex ETHUSDT+0.0026%8h2,782.4+0.012%$271.2M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,783.2+0.042%$12.9M—200xas long as short
Aster ETHUSDT+0.0039%8h2,782.8+0.027%$256.8M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,782.8+0.024%$5.1M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,782.1+0.001%$2.10B$3.11B150xas long as short
MEXC ETH_USDT+0.0066%8h2,782−0.001%$1.60B$2.63B500xas long as short
Binance ETHUSDT+0.0066%8h2,782.1+0.001%$6.45B$17.27B150xas long as short
Gate ETH_USDT+0.0071%8h2,782.3+0.008%$3.30B$9.59B200xas long as short
Bullet ETH-USD+0.0074%1h2,782.7+0.021%$184K$1.7M20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,783.6+0.053%$60.3M$4.62B50xas long as short
KuCoin ETHUSDTMlong+0.0089%8h2,782.1long leg$423.2M$739.7M100x
Bybit ETHUSDT+0.0090%8h2,782.3+0.008%$2.52B$4.63B150xas long as short
HTX ETH-USDT+0.0090%8h2,782−0.003%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,782.7+0.022%$116.3M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,784.1+0.073%$25.4M$120.7M50xas long as short
Vest ETH-PERP+0.0097%1h2,784.2+0.077%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.9+0.065%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,783.5+0.051%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,784.1+0.072%$14.4M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.7+0.094%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,784.6+0.092%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,783.7+0.058%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,785+0.104%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.077%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,782−0.001%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,782.7+0.021%$147.8M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.4+0.010%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1+0.072%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,783.6+0.055%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.7+0.094%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,783.4+0.048%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,784.6+0.090%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.8+0.027%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,782.2+0.004%$55.4M$229.0M40xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,783.9+0.065%$258.9M$222.8M50xas long as short
Extended ETH-USD+0.0104%1h2,781.8−0.011%$32.7M$77.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,783.6+0.054%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,783.1+0.037%$86.7M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,784.4+0.083%$8.4M$682.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,785.3+0.115%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,783.3+0.043%$285.1M$195.1M150xas long as short
Reya ETHRUSDPERPshort+0.0198%1h2,783.2+0.040%$7.4M$1.2M25x
Hibachi ETH/USDT-P+0.0280%1h2,785+0.104%$271K$1.5M20xas long as short