Funding you earn now, next payment 22:00 UTC−0.0302%/8h= −33.1% APRnext payment −$0.38 per $10,000 · paid last 24h −0.115%
Price spread now: Kraken Futures against Extended+0.118%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1131.129% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.118%, 7d avg +0.140%
=Together, before fees+0.363%+ Points / potential airdropExtended: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.023% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.140%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.271%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETHFI-USD | 0.7130 | 0.0088 | pay 0.0011% / 1h | 29m 57s | $92K | $495K | 10x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7138 | −0.0214 | pay 0.0027% / 1h | 29m 57s | $278K | $131K | 20x |
Extended ETHFI-USD
Kraken Futures PF_ETHFIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.39
- Price spread: +0.118% → +0.140%
- −$2.25
- Slippage, 4 orders
- −$97.94
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$178.59
- Costs to cover
- 1.129%
- Break-even
- never at this rate
Slippage from Extended: live order book, 57 min ago; Kraken Futures: live order book, 57 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 Extended live order book, 57 min ago | 2.13 bp | 17.2 bp −$17 | 159.0 bp −$1,590 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 57 min ago | 28.06 bp | 43.8 bp −$44 | 141.5 bp −$1,415 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0590% | 1h | 0.7135 | +0.070% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | −0.0214% | 1h | 0.7138 | +0.118% | $278K | $131K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0159% | 4h | 0.7130 | −0.001% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0094% | 4h | 0.7121 | −0.127% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0024% | 4h | 0.7130 | −0.001% | $6.1M | $5.6M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7126 | −0.056% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.542% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USDlong | +0.0088% | 1h | 0.7130 | long leg | $92K | $495K | 10x | |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7130 | −0.001% | $15.4M | $3.7M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0090% | 4h | 0.7131 | +0.014% | $24.9M | $36.3M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7134 | +0.060% | $1.1M | $891K | 5x | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7125 | −0.068% | $1.0M | $718K | — | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7135 | +0.074% | $18.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7136 | +0.084% | $182K | $251K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7137 | +0.098% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7138 | +0.112% | $4.9M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7134 | +0.056% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7131 | +0.014% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7136 | +0.084% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7146 | +0.229% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7133 | +0.042% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7131 | +0.010% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7142 | +0.168% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0329% | 4h | 0.7118 | −0.169% | $1.3M | $292K | 75x | as long as short |
Lighter ETHFI
Variational Omni ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT