Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.008%
Price spread now: KuCoin against Bullet−0.003%46s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.240% of the position
Long on BulletShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 7 days+0.007%+$1 · spread now −0.003%, 7d avg −0.010%
Together, before fees−0.002%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,731.90.0091pay 0.0011% / 1h11m 40s$190K$1.7M20x
ShortKuCoin ETHUSDTM2,731.80.0067get 0.0067% / 8h1h 11m$375.1M$575.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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
−$5.05
Price spread: −0.003% → −0.010%
$0.68
Slippage, 4 orders
−$3.96
Fee Bullet: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$28.33
Costs to cover
0.240%
Break-even
never at this rate
Slippage from Bullet: live order book, 2 min ago; KuCoin: 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 Bullet live order book, 2 min ago0.18 bp5.9 bp −$69.2 bp −$92doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago0.02 bp6.4 bp −$67.6 bp −$7610.3 bp −$1,033doesn't fit

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,732.3+0.015%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1+0.117%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.020%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.5+0.059%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4+0.017%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.8+0.033%$6.6M$683.8M4.9xas long as short
Perpl ETH0.0000%43m2,732.4+0.020%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.2+0.047%$262.6M$213.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.4+0.055%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0013%1h2,732.7+0.031%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.7+0.029%$191K$891K50xas long as short
BingX ETH-USDT+0.0024%8h2,731.8−0.003%—$1.10B—as long as short
HTX ETH-USDT+0.0025%8h2,732+0.004%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.8−0.005%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTMshort+0.0067%8h2,731.8−0.003%$375.1M$575.6M100x
SoDEX ETH-USD+0.0074%1h2,732.2+0.011%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0082%8h2,731.7−0.009%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0084%8h2,731.7−0.006%$253.1M$847.2M200xas long as short
Phemex ETHUSDT+0.0088%8h2,732.1+0.005%$263.1M$64.4M150xas long as short
Bullet ETH-USDlong+0.0091%1h2,731.9long leg$190K$1.7M20x
MEXC ETH_USDT+0.0095%8h2,731.7−0.007%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,731.8−0.003%$6.33B$16.11B150xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,733.5+0.057%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,732.6+0.026%$112.8M$438.3M50xas long as short
Lighter RH ETH+0.0096%1h2,733.6+0.061%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.8−0.076%$4.9M$165K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732+0.004%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.173%$15.3M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.3+0.016%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.3+0.088%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733+0.042%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.4−0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.7+0.029%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.003%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732+0.003%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8−0.002%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732+0.004%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7+0.029%$134.1M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2+0.009%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.3+0.050%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733.9+0.073%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.8+0.070%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.3+0.051%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.1+0.045%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,731.6−0.012%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731−0.033%$30.4M$73.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733+0.041%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.059%$46.8M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,733.7+0.066%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,733.3+0.050%$242K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,734.3+0.088%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.4−0.019%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.9+0.036%$82.1M$309.9M100xas long as short
BloFin ETH-USDT+0.0383%8h2,732.5+0.023%$280.6M$175.4M150xas long as short