Funding you earn now, next payment 00:00 UTC−0.1001%/8h= −109.6% APRnext payment −$1.25 per $10,000 · paid last 24h −0.035%
Price spread now: Deribit against Kraken Futures−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Deribit is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7164 | 0.0553 | pay 0.0069% / 1h | 0m 14s | $275K | $162K | 20x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7156 | −0.0448 | pay 0.0056% / 1h | 0m 14s | $41K | $13K | 10x |
Kraken Futures PF_ETHFIUSD
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Kraken Futures. 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
- −$210.21
- Price spread: −0.105% → 0.000%
- −$10.54
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$237.76
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 12 min ago; Deribit: no order-book sample. Net counts fees only.
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 Kraken Futures live order book, 12 min ago | 11.92 bp | 40.2 bp −$40 | 166.9 bp −$1,669 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUALshort | −0.0448% | 1h | 0.7156 | −0.105% | $41K | $13K | 10x | |
| HTX ETHFI-USDT | −0.0363% | 4h | 0.7125 | −0.538% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0194% | 4h | 0.7153 | −0.147% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0051% | 8h | 0.7153 | −0.145% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0009% | 4h | 0.7147 | −0.238% | $1.0M | $746K | — | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.7151 | −0.175% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0022% | 4h | 0.7153 | −0.154% | $24.9M | $37.4M | 75x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7151 | −0.182% | $92K | $492K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.067% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7150 | −0.186% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | +0.0089% | 4h | 0.7149 | −0.203% | $1.2M | $280K | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7164 | +0.008% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7158 | −0.077% | $18.0M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7156 | −0.111% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7153 | −0.147% | $18.1M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7161 | −0.036% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7156 | −0.105% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7151 | −0.175% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7154 | −0.133% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7154 | −0.133% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7155 | −0.124% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7163 | −0.008% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +1.025% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0553% | 1h | 0.7164 | long leg | $275K | $162K | 20x |
BloFin ETHFI-USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX