ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.013%

Price spread now: KuCoin against Phemex−0.017%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.017%, 7d avg +0.002%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ETHUSDT	2,739.5	0.0076	pay 0.0076% / 8h	3h 55m	$266.0M	$65.1M	150x
Short	KuCoin ETHUSDTM	2,739	0.0068	get 0.0068% / 8h	3h 55m	$380.5M	$574.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$1.61
Price spread: −0.017% → +0.002%: −$1.88
Slippage, 4 orders: −$0.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.85
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 3 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 Phemex live order book, 3 min ago	0.02 bp	6.0 bp −$6	7.0 bp −$70	11.1 bp −$1,113	15.7 bp −$7,826
Sell KuCoin live order book, 3 min ago	0.02 bp	6.3 bp −$6	8.4 bp −$84	10.6 bp −$1,063	doesn't fit

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	−0.0447%	43m	2,738	−0.052%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,738.4	−0.038%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,739	−0.018%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,739.5	0.000%	$10.7M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,739	−0.016%	$6.7M	$680.2M	4.9x	as long as short
Phoenix ETH	0.0000%	1h	2,739.6	+0.005%	$828K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,739.4	−0.001%	$28.1M	—	200x	as long as short
HTX ETH-USDT	+0.0021%	8h	2,739.2	−0.008%	$1.06B	$1.20B	200x	as long as short
Bullet ETH-USD	+0.0030%	1h	2,738.4	−0.038%	$179K	$1.7M	20x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,737.9	−0.057%	$187K	$819K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0042%	8h	2,738.6	−0.031%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0051%	8h	2,739.7	+0.008%	$2.37B	$4.36B	150x	as long as short
ApeX Omni ETHUSDT	+0.0064%	1h	2,738.4	−0.038%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTMshort	+0.0068%	8h	2,739	−0.017%	$380.5M	$574.1M	100x
OKX ETH-USDT-SWAP	+0.0075%	8h	2,739.7	+0.009%	$1.67B	$10.75B	100x	as long as short
Phemex ETHUSDTlong	+0.0076%	8h	2,739.5	long leg	$266.0M	$65.1M	150x
SoDEX ETH-USD	+0.0086%	1h	2,739.6	+0.005%	$54.6M	$187.6M	40x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,739.6	+0.007%	$251.3M	$842.2M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,740.2	+0.028%	$113.2M	$430.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.7	+0.046%	$23.6M	$103.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,738.5	−0.034%	—	$31.0M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.3	−0.114%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,739.5	+0.002%	$118K	$22.5M	52x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,739.7	+0.009%	$1.56B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0099%	8h	2,739.8	+0.014%	$6.37B	$15.89B	150x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,743.5	+0.150%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,737	−0.089%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,737.3	−0.080%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741	+0.057%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741	+0.057%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,736.5	−0.108%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,737.9	−0.058%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.211%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.7	−0.028%	$3.34B	$8.82B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739	−0.015%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,738.7	−0.029%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.036%	$134.0M	$323.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.4	−0.038%	$184.2M	$669.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.2	−0.045%	$159.3M	$86.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738.5	−0.035%	$21.1M	$68.4M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,738.8	−0.024%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.8	+0.014%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.7	+0.084%	$41.4M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.2	−0.119%	$960K	$11.3M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,738.5	−0.034%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.6	−0.069%	$30.4M	$72.9M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,737.9	−0.057%	$5.7M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0114%	1h	2,737.6	−0.069%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,740.8	+0.047%	$51.2M	$4.28B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0133%	1h	2,741.1	+0.060%	$260.3M	$197.5M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,740.6	+0.043%	$83.7M	$315.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	2,742	+0.094%	$32.3M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,736.6	−0.102%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,739.6	+0.004%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0396%	8h	2,737.7	−0.065%	$283.3M	$175.9M	150x	as long as short