Settings8H · net · $10k
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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 01:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.001%
Price spread now: Kraken Futures against Pacifica+0.044%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Long on PacificaShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.044%, 7d avg −0.013%
Together, before fees+0.020%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.056% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,764.20.0100pay 0.0013% / 1h18m 44s$31.1M$328.0M50x
ShortKraken Futures PF_ETHUSD2,765.40.0134get 0.0017% / 1h18m 44s$97.7M$320.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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
$7.18
Price spread: +0.044% → −0.013%
$5.65
Slippage, 4 orders
−$1.76
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$6.93
Costs to cover
0.198%
Break-even
13.8 days
Slippage from Pacifica: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn't fitdoesn't fit
Sell Kraken Futures live order book, 5 min ago0.18 bp6.1 bp −$66.8 bp −$688.5 bp −$84712.1 bp −$6,055

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.459%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7+0.090%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.103%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.108%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1+0.104%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.282%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,764.7+0.019%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.108%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7+0.090%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,764.3+0.004%$1.70B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,763.7−0.019%$55.0M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.4+0.114%$12.7M—200xas long as short
Aster ETHUSDT+0.0044%8h2,762.6−0.060%$255.8M$885.9M200xas long as short
Gate ETH_USDT+0.0056%8h2,763.7−0.019%$3.38B$9.05B200xas long as short
Aevo ETH-PERP+0.0056%1h2,764.6+0.012%$5.0M$165K20xas long as short
Binance ETHUSDT+0.0057%8h2,762.9−0.047%$6.46B$16.27B150xas long as short
MEXC ETH_USDT+0.0059%8h2,763.4−0.031%$1.61B$2.65B500xas long as short
Deribit ETH-PERPETUAL+0.0061%1h2,765.2+0.036%$259.1M$204.5M50xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.1+0.249%$31K$21K20xas long as short
Bitget ETHUSDT+0.0076%8h2,763.2−0.038%$2.09B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,765+0.026%$60.2M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,767.8+0.130%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,764.3+0.004%$419.8M$619.4M100xas long as short
HTX ETH-USDT+0.0088%8h2,762.4−0.068%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,764.3+0.003%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.7+0.052%$25.5M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.144%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,766.1+0.069%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9+0.097%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.1+0.066%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.4+0.079%$3.16B$2.18B25xas long as short
Pacifica ETHlong+0.0100%1h2,764.2long leg$31.1M$328.0M50x
Bybit ETHUSDT+0.0100%8h2,764.4+0.005%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,763.5−0.026%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,764.3+0.002%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.312%$170.3M$276.6M25xas long as short
BingX ETH-USDT+0.0100%8h2,763.2−0.036%—$1.20B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7−0.020%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.157%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.141%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.165%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8+0.130%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6+0.122%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.4+0.079%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.1+0.104%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.3+0.075%$969K$13.1M100xas long as short
Phemex ETHUSDT+0.0100%8h2,763.8−0.015%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,762.7−0.056%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.174%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4+0.115%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSDshort+0.0134%1h2,765.4+0.044%$97.7M$320.7M100x
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.183%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6+0.160%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.024%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6+0.123%$7.3M$1.1M25xas long as short