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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 05:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.021%
Price spread now: Kraken Futures against RISEx−0.024%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Long on RISExShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.024%, 7d avg −0.009%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,727.50.0107pay 0.0013% / 1h1m 30s$5.6M$11.7M25x
ShortKraken Futures PF_ETHUSD2,726.90.0153get 0.0019% / 1h1m 30s$82.8M$316.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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
$9.76
Price spread: −0.024% → −0.009%
−$1.49
Slippage, 4 orders
−$2.89
Fee RISEx: 3 bp × 2 orders
−$6
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$10.63
Costs to cover
0.189%
Break-even
14.6 days
Slippage from RISEx: live order book, 3 min ago; Kraken Futures: live order book, 3 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 RISEx live order book, 3 min ago0.02 bp3.0 bp −$34.1 bp −$41281.1 bp −$28.1Kdoesn't fit
Sell Kraken Futures live order book, 3 min ago0.37 bp5.7 bp −$66.7 bp −$678.2 bp −$81711.6 bp −$5,819

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−0.0335%43m2,726.9−0.022%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727−0.019%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,725.8−0.064%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.7−0.031%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.160%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7+0.005%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8−0.026%$28.0M—200xas long as short
BingX ETH-USDC+0.0029%8h2,726.2−0.051%—$18.5M—as long as short
Bybit ETHUSDT+0.0036%8h2,727.1−0.018%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0040%1h2,726.3−0.045%$179K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.9+0.014%$186K$784K50xas long as short
SunX ETH-USDT+0.0057%8h2,725.4−0.078%$955K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0063%8h2,726.5−0.038%$378.0M$575.1M100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,727.1−0.018%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0076%8h2,727.2−0.012%$252.4M$842.8M200xas long as short
Aevo ETH-PERP+0.0080%1h2,723.9−0.135%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0082%8h2,726.6−0.035%$1.55B$2.59B500xas long as short
Binance ETHUSDT+0.0082%8h2,727.3−0.007%$6.33B$15.96B150xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,727.3−0.007%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0088%8h2,726.2−0.050%$264.1M$63.9M150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,728.9+0.051%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.1−0.016%$112.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,728.1+0.019%$23.4M$105.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,727.1−0.015%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.050%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.030%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.045%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.3−0.046%$13.8M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.5+0.036%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6+0.003%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.063%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.6+0.002%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,727−0.019%$3.33B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.8−0.026%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726−0.055%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,730+0.089%$134.8M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.5+0.036%$183.5M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.072%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,727−0.019%$21.0M$73.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,728+0.019%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728+0.017%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727−0.021%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.015%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,726.4−0.041%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.021%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.2−0.050%$30.6M$73.7M50xas long as short
RISEx ETH/USDClong+0.0107%1h2,727.5long leg$5.6M$11.7M25x
Kalshi KXETHPERP+0.0109%8h2,727.5−0.001%$6.4M$688.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727−0.020%$50.4M$4.28B50xas long as short
Deribit ETH-PERPETUAL+0.0124%1h2,727.6+0.003%$258.4M$202.7M50xas long as short
Kraken Futures PF_ETHUSDshort+0.0153%1h2,726.9−0.024%$82.8M$316.8M100x
Orderly PERP_ETH_USDC+0.0190%8h2,728.5+0.034%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726−0.056%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,732.2+0.170%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,726.9−0.022%$281.7M$174.5M150xas long as short