ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h +0.032%

Price spread now: Kraken Futures against SoDEX+0.018%7-day average +0.022% · you sell dearer than you buy

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−$190.192% of the position

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.018%, 7d avg +0.022%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,741.3	0.0096	pay 0.0012% / 1h	21m 06s	$61.7M	$121.8M	40x
Short	Kraken Futures PF_ETHUSD	2,741.8	0.0080	get 0.0010% / 1h	21m 06s	$82.0M	$282.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$3.26
Price spread: +0.018% → +0.022%: −$0.34
Slippage, 4 orders: −$1.23
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$22.83
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 SoDEX live order book, 1 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.8 bp −$578	29.3 bp −$14.7K
Sell Kraken Futures live order book, 1 min ago	0.18 bp	5.5 bp −$5	6.2 bp −$62	8.3 bp −$835	11.4 bp −$5,693

ETH on 54 exchanges

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
Hibachi ETH/USDT-P	−0.0088%	1h	2,745.1	+0.138%	$235K	$1.3M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,740	−0.047%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0069%	1h	2,740.4	−0.034%	$8.3M	$29.8M	100x	as long as short
Bybit ETHUSDT	−0.0033%	8h	2,741.2	−0.003%	$2.36B	$3.93B	150x	as long as short
Phoenix ETH	−0.0023%	1h	2,739.6	−0.062%	$805K	$2.9M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,741.5	+0.006%	$12.0M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,743.2	+0.069%	$7.0M	$663.9M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,743.8	+0.093%	$271K	$5.1M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,741.4	+0.002%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,743.7	+0.088%	$195K	$942K	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETH_USDT	+0.0051%	8h	2,741.5	+0.008%	$3.26B	$7.86B	200x	as long as short
dYdX ETH-USD	+0.0055%	1h	2,743.3	+0.072%	$14.8M	$43.1M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0067%	8h	2,741.3	+0.001%	$1.66B	$9.54B	100x	as long as short
Aster ETHUSDT	+0.0073%	8h	2,741.5	+0.006%	$256.1M	$745.0M	200x	as long as short
MEXC ETH_USDT	+0.0078%	8h	2,741.4	+0.004%	$1.59B	$2.51B	500x	as long as short
Binance ETHUSDT	+0.0079%	8h	2,741.4	+0.004%	$6.38B	$14.67B	150x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0080%	1h	2,741.8	+0.018%	$82.0M	$282.4M	100x
Aevo ETH-PERP	+0.0080%	1h	2,739	−0.082%	$4.9M	$208K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,741.4	+0.002%	$364.8M	$459.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0088%	1h	2,740.7	−0.020%	$30K	$8K	20x	as long as short
SoDEX ETH-USDlong	+0.0096%	1h	2,741.3	long leg	$61.7M	$121.8M	40x
Lighter ETH	+0.0096%	1h	2,741.9	+0.020%	$113.9M	$389.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743	+0.062%	$23.8M	$98.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.7	+0.088%	—	$23.8M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.2	+0.033%	$506K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743	+0.062%	$14.6M	$97.7M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,744.1	+0.101%	$32.2M	$326.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,742.8	+0.055%	$2.8M	$14.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,743.6	+0.082%	$1.5M	$14.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.6	−0.025%	$163.1M	$330.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.7	+0.015%	$2.11B	$2.39B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,741.8	+0.019%	—	$960.2M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,741.2	−0.005%	$14.9M	$37.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.103%	$132.1M	$303.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.5	−0.101%	$185.9M	$632.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740.4	−0.034%	$159.3M	$73.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,744.7	+0.124%	$21.1M	$72.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,744.5	+0.117%	—	$351K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,744.3	+0.109%	$11.2M	$8.7M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,741.5	+0.007%	$177K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.2	−0.003%	$945K	$9.2M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,742.3	+0.036%	$1.05B	$1.09B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,741.3	−0.001%	$263.8M	$57.7M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.5	−0.031%	$30.4M	$67.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,742.4	+0.042%	$45.5M	$3.94B	50x	as long as short
Hyperliquid ETH	+0.0118%	1h	2,744.9	+0.131%	$3.15B	$1.77B	25x	as long as short
Deribit ETH-PERPETUAL	+0.0126%	1h	2,742.6	+0.046%	$267.3M	$193.9M	50x	as long as short
BloFin ETH-USDT	+0.0149%	8h	2,741.4	+0.005%	$282.7M	$157.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0161%	1h	2,743.7	+0.089%	$7.3M	$870K	25x	as long as short
RISEx ETH/USDC	+0.0167%	1h	2,743.7	+0.087%	$5.6M	$10.7M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0175%	8h	2,743.5	+0.080%	$32.3M	$10.1M	100x	as long as short
Paradex ETH-USD-PERP	+0.0279%	8h	2,747.7	+0.234%	$15.8M	$6.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0308%	1h	2,747.3	+0.219%	$118K	$23.9M	52x	as long as short
Bluefin ETH-PERP	+0.1129%	1h	2,742	+0.024%	$20K	$15K	25x	as long as short