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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 09:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against BloFin+0.030%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Long on BloFinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.030%, 7d avg +0.015%
Together, before fees−0.060%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,729.2−0.0179get 0.0179% / 8h7h 40m$280.4M$177.6M150x
ShortKraken Futures PF_ETHUSD2,730.10.0105get 0.0013% / 1h40m 47s$81.9M$309.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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
$59.63
Price spread: +0.030% → +0.015%
$1.53
Slippage, 4 orders
−$1.28
Fee BloFin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$37.89
Costs to cover
0.233%
Break-even
2.6 days
Slippage from BloFin: 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 BloFin live order book, 3 min ago0.04 bp6.0 bp −$66.2 bp −$627.8 bp −$78410.2 bp −$5,086
Sell Kraken Futures live order book, 3 min ago0.18 bp5.5 bp −$56.8 bp −$688.4 bp −$84511.7 bp −$5,842

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
BloFin ETH-USDTlong−0.0179%8h2,729.2long leg$280.4M$177.6M150x
Perpl ETH−0.0112%43m2,730.9+0.060%$277K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.3+0.075%$5K$1K50xas long as short
HTX ETH-USDT−0.0072%8h2,729.20.000%$1.05B$1.21B200xas long as short
Bybit ETHUSDT−0.0037%8h2,730.2+0.033%$2.32B$4.30B150xas long as short
Phemex ETHUSDT−0.0016%8h2,729.2−0.002%$263.0M$63.8M150xas long as short
Phoenix ETH−0.0012%1h2,733+0.138%$807K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.115%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.2+0.070%$10.6M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,730.2+0.035%$6.7M$671.4M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL0.0000%1h2,730.2+0.034%$264.6M$218.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.9+0.023%$32.9M—200xas long as short
SunX ETH-USDT+0.0031%8h2,729.4+0.004%$940K$10.7M100xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.5+0.046%$191K$883K50xas long as short
Gate ETH_USDT+0.0051%8h2,730.8+0.058%$3.28B$8.24B200xas long as short
SoDEX ETH-USD+0.0054%1h2,729.2−0.001%$54.4M$182.5M40xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,732.8+0.132%$237K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,730.2+0.034%$1.65B$10.73B100xas long as short
ApeX Omni ETHUSDT+0.0078%1h2,730.8+0.059%$8.4M$31.2M100xas long as short
Aster ETHUSDT+0.0081%8h2,729.9+0.026%$252.6M$849.1M200xas long as short
KuCoin ETHUSDTM+0.0084%8h2,730.4+0.043%$383.2M$575.9M100xas long as short
Binance ETHUSDT+0.0091%8h2,730.1+0.033%$6.32B$16.05B150xas long as short
MEXC ETH_USDT+0.0092%8h2,730.8+0.058%$1.57B$2.55B500xas long as short
Lighter ETH+0.0096%1h2,731+0.064%$112.5M$401.2M50xas long as short
Lighter RH ETH+0.0096%1h2,732+0.103%$23.7M$95.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,731.1+0.070%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,726.9−0.085%$4.9M$195K20xas long as short
Bullet ETH-USD+0.0100%1h2,729.5+0.010%$177K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.9+0.024%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.3+0.148%$15.4M$7.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.7+0.016%$14.2M$100.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.9+0.134%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.4+0.079%$32.0M$332.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.8−0.016%$2.7M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.037%$1.6M$15.8M25xas long as short
Bitget ETHUSDT+0.0100%8h2,730.7+0.054%$2.11B$2.75B150xas long as short
BingX ETH-USDC+0.0100%8h2,730.1+0.031%—$18.7M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.8+0.020%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,728.7−0.019%$131.4M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.1+0.068%$185.8M$686.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.9+0.061%$158.8M$79.8M50xas long as short
StandX ETH-USD+0.0100%1h2,732.5+0.119%$21.0M$70.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.5+0.084%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.5+0.046%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,731.1+0.067%$40.6M$29.2M15xas long as short
Bulk ETH-USD+0.0100%1h2,730.8+0.058%$162.8M$334.7M25xas long as short
Extended ETH-USD+0.0104%1h2,730+0.029%$30.5M$71.2M50xas long as short
Kraken Futures PF_ETHUSDshort+0.0105%1h2,730.1+0.030%$81.9M$309.8M100x
Aftermath Perps ETHUSD+0.0112%1h2,731.2+0.073%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,730.5+0.046%$46.3M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,730.6+0.051%$5.7M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0173%1h2,728.7−0.019%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,731.8+0.092%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,730+0.028%$117K$20.2M52xas long as short
Bluefin ETH-PERP+0.2783%1h2,730.4+0.044%$20K$23K25xas long as short