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Funding arb /

ETH

all ETH markets
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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 spread now, next payment 20:00 UTC−0.0039%/8h
next payment, per $10,000−$0.39paid, last 24h+0.026%paid, last 7 days+0.055%to open and close $10k−$14
Long on KalshiShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXETHPERP2,761.10.0123pay 0.0123% / 8h3h 39m$9.4M$555.5M4.9x
ShortMEXC ETH_USDT2,761.80.0084get 0.0084% / 8h7h 39m$1.51B$2.44B500x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$8.29
Slippage, 4 orders
−$1.81
Fee Kalshi: 5 bp × 2 orders
−$10
Fee MEXC: 1 bp × 2 orders
−$2
Net
−$22.1
Break-even
never at this rate
Slippage from Kalshi: live order book, 6 min ago; MEXC: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.025%
Avg gap 7d
+0.005%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 6 min ago0.36 bp5.8 bp −$66.9 bp −$6911.0 bp −$1,09518.6 bp −$9,310
Sell MEXC live order book, 6 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1033.2 bp −$1,602

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$436K$6.1M8.3xas long as short
Phemex ETHUSDT−0.0118%8h$266.4M$66.8M150xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0054%1h$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.8M—200xas long as short
dYdX ETH-USD0.0000%1h$15.9M$33.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0013%8h$1.72B$11.27B100xas long as short
Phoenix ETH+0.0035%1h$1.4M$2.4M25xas long as short
01 Exchange ETHUSD+0.0048%1h$179K$1.2M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX ETH-USD+0.0053%1h$55.7M$161.8M40xas long as short
Bulk ETH-USD+0.0055%1h$157.1M$271.4M25xas long as short
Bitget ETHUSDT+0.0074%8h$2.10B$3.17B150xas long as short
Aevo ETH-PERP+0.0080%1h$5.0M$723K20xas long as short
MEXC ETH_USDTshort+0.0084%8h$1.51B$2.44B500x
Binance ETHUSDT+0.0084%8h$6.59B$15.88B150xas long as short
Hibachi ETH/USDT-P+0.0088%1h$290K$1.3M20xas long as short
Lighter ETH+0.0096%1h$117.0M$494.9M50xas long as short
Lighter RH ETH+0.0096%1h$25.5M$116.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$44.9M500xas long as short
HTX ETH-USDT+0.0099%8h$1.09B$1.19B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.8M$11.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h$486K$2.2M50xas long as short
Nado ETH-PERP+0.0100%1h$18.0M$112.7M50xas long as short
Aster ETHUSDT+0.0100%8h$274.7M$869.2M200xas long as short
Pacifica ETH+0.0100%1h$31.0M$216.7M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.53B$4.47B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.0M$14.8M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h$3.46B$8.79B200xas long as short
KuCoin ETHUSDTM+0.0100%8h$398.9M$684.8M100xas long as short
BingX ETH-USDC+0.0100%8h—$16.9M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.3M$40.2M50xas long as short
Variational Omni ETH+0.0100%8h$143.3M$309.7M—as long as short
edgeX ETHUSDC+0.0100%4h$179.0M$758.3M100xas long as short
ApeX Omni ETHUSDT+0.0100%1h$7.9M$27.9M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$51.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.5M50xas long as short
Bullet ETH-USD+0.0100%1h$198K$1.9M20xas long as short
SunX ETH-USDT+0.0100%8h$951K$14.7M100xas long as short
Vest ETH-PERP+0.0100%1h—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h$31.7M$78.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h$60.1M$4.75B50xas long as short
RISEx ETH/USDC+0.0122%1h$5.8M$13.0M25xas long as short
Kalshi KXETHPERPlong+0.0123%8h$9.4M$555.5M4.9x
Derive ETH-PERP+0.0165%1h$43.0M$27.6M15xas long as short
Reya ETHRUSDPERP+0.0169%1h$7.4M$971K25xas long as short
Orderly PERP_ETH_USDC+0.0195%8h$32.4M$10.8M100xas long as short
BloFin ETH-USDT+0.0204%8h$291.9M$179.4M150xas long as short
Deribit ETH-PERPETUAL+0.0206%1h$260.4M$214.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0262%1h$87.0M$315.0M100xas long as short
Aftermath Perps ETHUSD+0.0277%1h$29K$27K20xas long as short
Hyperliquid ETH+0.0542%1h$3.32B$2.18B25xas long as short
Bluefin ETH-PERP+0.4257%1h$22K$26K25xas long as short