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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.002%
Price spread now: Kalshi against ApeX Omni+0.088%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Long on ApeX OmniShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.045%−$4 · spread now +0.088%, 7d avg −0.012%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.100% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,774.70.0100pay 0.0013% / 1h44m 37s$8.7M$32.6M100x
ShortKalshi KXETHPERP2,777.10.0108get 0.0108% / 8h5h 44m$8.7M$673.2M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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
$1.7
Price spread: +0.088% → −0.012%
$9.99
Slippage, 4 orders
−$1.48
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$9.79
Costs to cover
0.215%
Break-even
47.2 days
Slippage from ApeX Omni: live order book, 5 min ago; Kalshi: live order book, 5 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 ApeX Omni live order book, 5 min ago0.38 bp5.4 bp −$55.9 bp −$5917.4 bp −$1,73746.9 bp −$23.4K
Sell Kalshi live order book, 5 min ago0.36 bp5.4 bp −$57.2 bp −$7210.5 bp −$1,05216.7 bp −$8,345

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−0.0447%43m2,776.3+0.058%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.2+0.055%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.085%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,762.7−0.431%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.2+0.056%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0015%1h2,773.8−0.032%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.3+0.096%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.016%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.3+0.096%$22.4M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,776.1+0.054%$267.4M$65.7M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0017%8h2,775.7+0.039%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,776.1+0.053%$1.71B$11.82B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.4+0.100%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,776.1+0.054%$256.7M$990.5M200xas long as short
Bullet ETH-USD+0.0034%1h2,776.7+0.074%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0040%1h2,776.1+0.053%$14.3M$117.9M50xas long as short
Aevo ETH-PERP+0.0048%1h2,774.7+0.002%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0053%8h2,776.5+0.066%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0055%8h2,776.2+0.057%$6.45B$17.11B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,778+0.121%$258.4M$222.8M50xas long as short
Bitget ETHUSDT+0.0073%8h2,776.2+0.056%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0081%8h2,776.3+0.059%$3.29B$9.56B200xas long as short
Hibachi ETH/USDT-P+0.0088%1h2,776.3+0.059%$287K$1.5M20xas long as short
HTX ETH-USDT+0.0095%8h2,776+0.049%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,776.2+0.054%$115.2M$496.5M50xas long as short
Lighter RH ETH+0.0096%1h2,777.7+0.110%$25.4M$120.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,775.8+0.043%—$41.3M500xas long as short
SoDEX ETH-USD+0.0097%1h2,776.4+0.063%$55.3M$228.7M40xas long as short
Bybit ETHUSDT+0.0098%8h2,776.2+0.057%$2.52B$4.60B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776+0.047%$16.0M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5+0.067%$482K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.6+0.142%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.5+0.067%$31.2M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775+0.013%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,778+0.121%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.146%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.1+0.053%$424.8M$737.5M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.065%$15.2M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.030%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,773.5−0.041%$179.8M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,773−0.060%$161.3M$93.4M50xas long as short
ApeX Omni ETHUSDTlong+0.0100%1h2,774.7long leg$8.7M$32.6M100x
StandX ETH-USD+0.0100%1h2,774.6−0.002%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.6+0.071%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.9+0.117%$10.8M$7.7M50xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.153%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,776+0.049%$973K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775.7+0.038%$31.4M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.121%$60.0M$4.60B50xas long as short
Kalshi KXETHPERPshort+0.0108%8h2,777.1+0.088%$8.7M$673.2M4.9x
Orderly PERP_ETH_USDC+0.0139%8h2,779.4+0.171%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.6+0.106%$86.2M$330.4M100xas long as short
BloFin ETH-USDT+0.0174%8h2,776.4+0.063%$285.5M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,776+0.049%$7.4M$1.1M25xas long as short
Bluefin ETH-PERP+0.0215%1h2,777.3+0.094%$21K$24K25xas long as short