ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.96 per $10,000 · paid last 24h 0.000%

Price spread now: Kalshi against OKX−0.076%52s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.208% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.076%, 7d avg −0.003%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.073% cheaper against OKX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.003%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETH-USDT-SWAP	2,772.7	0.0021	pay 0.0021% / 8h	2h 27m	$1.71B	$11.88B	100x
Short	Kalshi KXETHPERP	2,770.6	0.0116	get 0.0116% / 8h	6h 27m	$8.7M	$672.2M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee KalshibpOrdersPrice spread, now −0.076%Rate

Funding earned: $20.07
Price spread: −0.076% → −0.003%: −$7.27
Slippage, 4 orders: −$0.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$7.96
Costs to cover: 0.208%
Break-even: 9.8 days

Slippage from OKX: live order book, 2 min ago; Kalshi: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.5 bp −$651	8.3 bp −$4,175
Sell Kalshi live order book, 2 min ago	0.36 bp	5.4 bp −$5	7.6 bp −$76	11.8 bp −$1,180	17.8 bp −$8,892

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,771.5	−0.043%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.238%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.9	−0.029%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,771.7	−0.036%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.141%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,771.9	−0.029%	$5.8M	$11.8M	25x	as long as short
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.149%	$8.8M	$32.5M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.3	−0.016%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0006%	1h	2,769.1	−0.130%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,773.6	+0.033%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,769	−0.133%	$266.6M	$66.1M	150x	as long as short
OKX ETH-USDT-SWAPlong	+0.0021%	8h	2,772.7	long leg	$1.71B	$11.88B	100x
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,773.5	+0.027%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,772.4	−0.010%	$256.2M	$995.8M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,772.8	+0.003%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,772.8	+0.003%	$6.43B	$17.21B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,770.9	−0.065%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0069%	8h	2,773.3	+0.021%	$3.30B	$9.63B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,773	+0.011%	$2.10B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,772.6	−0.004%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.162%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,772.1	−0.024%	$115.2M	$513.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.5	+0.027%	$25.4M	$122.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.7	0.000%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.5	−0.044%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.8	−0.033%	$480K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.6	−0.038%	$14.7M	$117.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.9	+0.043%	$3.20B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.1	−0.022%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,773.3	+0.019%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,771.5	−0.044%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,773.7	+0.037%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.245%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,772	−0.027%	$423.9M	$740.9M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,772.6	−0.005%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.5	−0.116%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.218%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.147%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.6	−0.112%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,772.1	−0.021%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.4	+0.025%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,773.3	+0.021%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,775.3	+0.093%	$42.7M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771	−0.062%	$972K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,773.1	+0.014%	$55.2M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,769.1	−0.132%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.3	−0.050%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770.6	−0.076%	$60.2M	$4.62B	50x	as long as short
Kalshi KXETHPERPshort	+0.0116%	8h	2,770.6	−0.076%	$8.7M	$672.2M	4.9x
Orderly PERP_ETH_USDC	+0.0131%	8h	2,775.7	+0.108%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0147%	1h	2,774.8	+0.075%	$258.4M	$224.7M	50x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,768.6	−0.148%	$285.5M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,772	−0.024%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.2	−0.092%	$87.2M	$330.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,771.5	−0.043%	$285K	$1.5M	20x	as long as short