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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.017%
Price spread now: Kalshi against Pacifica−0.007%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on PacificaShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 7 days+0.053%+$5 · spread now −0.007%, 7d avg −0.014%
Together, before fees−0.029%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,772.40.0100pay 0.0013% / 1h48m 04s$31.3M$283.2M50x
ShortKalshi KXETHPERP2,772.20.0115get 0.0115% / 8h6h 48m$8.6M$670.4M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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
$3.24
Price spread: −0.007% → −0.014%
$0.71
Slippage, 4 orders
−$2.64
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$16.7
Costs to cover
0.206%
Break-even
43.1 days
Slippage from Pacifica: live order book, 1 min ago; Kalshi: live order book, 1 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 Pacifica live order book, 1 min ago0.18 bp4.8 bp −$55.2 bp −$52doesn't fitdoesn't fit
Sell Kalshi live order book, 1 min ago0.36 bp5.8 bp −$67.0 bp −$7010.4 bp −$1,04117.1 bp −$8,567

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%43m2,771.5−0.033%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.113%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.061%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770−0.087%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.4−0.036%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.155%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.1−0.045%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.004%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.6+0.008%$22.4M—200xas long as short
Phemex ETHUSDT+0.0016%8h2,771.4−0.037%$266.6M$65.8M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.1−0.049%$1.70B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.3−0.002%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0038%1h2,773.3+0.034%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.7−0.099%$5.0M$636K20xas long as short
Aster ETHUSDT+0.0043%8h2,771.3−0.040%$255.9M$997.1M200xas long as short
MEXC ETH_USDT+0.0043%8h2,771.7−0.027%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,771.5−0.032%$6.44B$17.22B150xas long as short
Gate ETH_USDT+0.0058%8h2,771.6−0.030%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.4−0.038%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0076%1h2,771.4−0.036%$187K$1.8M20xas long as short
SoDEX ETH-USD+0.0086%1h2,771.6−0.029%$55.2M$228.6M40xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.093%$141.1M$319.9M—as long as short
Lighter ETH+0.0096%1h2,772.2−0.008%$115.2M$508.6M50xas long as short
Lighter RH ETH+0.0096%1h2,773.6+0.043%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.6+0.009%—$42.5M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.2−0.006%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.7−0.025%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.7−0.025%$16.1M$115.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6+0.079%$3.20B$2.38B25xas long as short
Pacifica ETHlong+0.0100%1h2,772.4long leg$31.3M$283.2M50x
Bybit ETHUSDT+0.0100%8h2,771.2−0.042%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.4−0.036%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.4+0.034%$2.8M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.057%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771.6−0.029%$426.3M$745.1M100xas long as short
BingX ETH-USDC+0.0100%8h2,771.4−0.038%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.3−0.004%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.020%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.9−0.088%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,769.5−0.105%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772−0.013%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.022%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.40.000%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.1+0.063%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.082%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.065%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.9−0.053%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.5+0.039%$60.1M$4.64B50xas long as short
Kalshi KXETHPERPshort+0.0115%8h2,772.2−0.007%$8.6M$670.4M4.9x
Orderly PERP_ETH_USDC+0.0128%8h2,774.8+0.085%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,769.8−0.093%$286.5M$196.4M150xas long as short
Deribit ETH-PERPETUAL+0.0186%1h2,773.7+0.047%$259.0M$223.3M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.063%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773.2+0.030%$88.5M$330.1M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9−0.054%$273K$1.5M20xas long as short