ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.017%

Price spread now: Kraken Futures against Bluefin−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Kraken Futures

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin ETH-PERP	2,755.6	0.0100	pay 0.0013% / 1h	1m 10s	$21K	$22K	25x
Short	Kraken Futures PF_ETHUSD	2,755.2	0.0135	get 0.0017% / 1h	1m 10s	$96.7M	$315.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bluefin. 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 BluefinbpFee Kraken FuturesbpOrdersPrice spread, now −0.013%Rate

Funding earned: $7.29
Price spread: −0.013% → 0.000%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.04
Costs to cover: 0.170%
Break-even: 17.6 days

Slippage unknown: Bluefin: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	0.36 bp	6.1 bp −$6	6.7 bp −$67	8.5 bp −$847	13.3 bp −$6,635

Bluefin: 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.

ETH on 55 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
Injective ETH/USDC PERP	−0.0752%	1h	2,760.5	+0.179%	$118K	$22.5M	52x	as long as short
Perpl ETH	−0.0447%	43m	2,757.3	+0.063%	$323K	$6.1M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,756.1	+0.019%	$5.7M	$11.2M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,757.2	+0.060%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,756.2	+0.023%	$168K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,768.6	+0.473%	$868K	$3.7M	25x	as long as short
dYdX ETH-USD	+0.0003%	1h	2,757.8	+0.081%	$12.2M	$43.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,756.3	+0.026%	$22.3M	—	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0009% / S +0.0025%	1h	2,756.2	+0.022%	$12.4M	—	200x	as long as short
Bullet ETH-USD	+0.0018%	1h	2,755.8	+0.009%	$183K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0033%	8h	2,753.2	−0.085%	$1.69B	$10.96B	100x	as long as short
Aster ETHUSDT	+0.0044%	8h	2,754.1	−0.053%	$259.3M	$851.7M	200x	as long as short
SoDEX ETH-USD	+0.0047%	1h	2,753.9	−0.060%	$54.8M	$187.7M	40x	as long as short
Binance ETHUSDT	+0.0055%	8h	2,754.4	−0.043%	$6.42B	$16.10B	150x	as long as short
MEXC ETH_USDT	+0.0055%	8h	2,753.6	−0.072%	$1.59B	$2.68B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,753.6	−0.070%	$4.9M	$156K	20x	as long as short
HTX ETH-USDT	+0.0059%	8h	2,753.3	−0.084%	$1.07B	$1.23B	200x	as long as short
Gate ETH_USDT	+0.0063%	8h	2,753.7	−0.069%	$3.38B	$9.17B	200x	as long as short
BingX ETH-USDC	+0.0071%	8h	2,753.1	−0.090%	—	$17.3M	—	as long as short
Aftermath Perps ETHUSD	+0.0072%	1h	2,765.1	+0.347%	$31K	$21K	20x	as long as short
ApeX Omni ETHUSDT	+0.0073%	1h	2,759.4	+0.139%	$8.8M	$31.4M	100x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,755.4	−0.006%	$59.9M	$4.38B	50x	as long as short
Phemex ETHUSDT	+0.0081%	8h	2,754.4	−0.044%	$268.0M	$65.9M	150x	as long as short
Bitget ETHUSDT	+0.0082%	8h	2,753.3	−0.082%	$2.08B	$2.83B	150x	as long as short
Vest ETH-PERP	+0.0089%	1h	2,757.2	+0.060%	—	$870K	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,754.6	−0.036%	$392.6M	$603.4M	100x	as long as short
Variational Omni ETH	+0.0094%	8h	2,755	−0.022%	$133.6M	$346.5M	—	as long as short
Lighter ETH	+0.0096%	1h	2,754.2	−0.049%	$114.0M	$462.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,755.8	+0.008%	$25.3M	$113.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,757.7	+0.077%	—	$35.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,761.7	+0.223%	$15.9M	$8.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,756.3	+0.027%	$473K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,757.1	+0.057%	$14.3M	$112.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,755.7	+0.005%	$3.13B	$2.11B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,757.9	+0.085%	$31.2M	$328.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,753.5	−0.077%	$2.48B	$4.29B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,756.2	+0.023%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,756.9	+0.049%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,771.7	+0.586%	$172.0M	$293.3M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,752.8	−0.101%	$15.0M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,760.9	+0.192%	$183.2M	$752.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,767.1	+0.417%	$160.9M	$82.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,758.8	+0.118%	$21.3M	$65.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,755.6	+0.001%	$10.4M	$7.9M	50x	as long as short
Bluefin ETH-PERPlong	+0.0100%	1h	2,755.6	long leg	$21K	$22K	25x
Derive ETH-PERP	+0.0100%	1h	2,756.4	+0.032%	$42.3M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,753.4	−0.077%	$964K	$12.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,753.8	−0.063%	$30.6M	$74.7M	50x	as long as short
Kalshi KXETHPERP	+0.0123%	8h	2,756.8	+0.045%	$7.9M	$670.3M	4.9x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0135%	1h	2,755.2	−0.013%	$96.7M	$315.6M	100x
Deribit ETH-PERPETUAL	+0.0142%	1h	2,755.7	+0.005%	$259.0M	$200.7M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0158%	8h	2,757.2	+0.061%	$32.5M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0168%	1h	2,759.2	+0.131%	$252K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,752.4	−0.115%	$287.3M	$177.2M	150x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,755.7	+0.004%	$7.3M	$1.1M	25x	as long as short