ETH

Alert

Funding spread now, next payment 16:00 UTC+0.0100%/8h

next payment, per $10,000+$1.00paid, last 24h+0.027%paid, last 3 days+0.042%to open and closeno order book

Long on Kalshi Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,719.7	0	get 0.0000% / 8h	5h 44m	$4.6M	$481.3M	4.9x
Short	Variational Omni ETH	2,719.1	0.0100	get 0.0100% / 8h	1h 44m	$152.3M	$292.5M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee Variational OmnibpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11
Break-even: 3.3 days

Slippage unknown: Kalshi: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.021%
Avg gap 7d: +0.011%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kalshi live order book, 6 min ago	0.37 bp	5.8 bp −$6	7.4 bp −$74	12.2 bp −$1,217	19.5 bp −$9,753
Sell Variational Omni RFQ quote, 1 min ago	0.48 bp	doesn't fit	0.5 bp −$5	1.2 bp −$121	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$181K	$5.3M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0040%	8h	$3.67B	$8.32B	200x	as long as short
Kalshi KXETHPERPlong	0.0000%	8h	$4.6M	$481.3M	4.9x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	$1.71B	$10.58B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.6M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0028%	1h	$7.6M	$27.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0033%	1h	$15.4M	$38.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0046%	8h	$263.2M	$65.7M	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.7M	$4.68B	50x	as long as short
Bullet ETH-USD	+0.0066%	1h	$181K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0079%	8h	$2.12B	$2.96B	150x	as long as short
SoDEX ETH-USD	+0.0085%	1h	$55.4M	$139.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	$118.5M	$471.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	$25.8M	$115.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$778K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$14.1M	$11.4M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.8M	$111.0M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.7M	$812.7M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.8M	$188.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.54B	$14.56B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.42B	$4.28B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.4M	$14.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	$148.8M	$275.4M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.33B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.6M	$670.1M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Variational Omni ETHshort	+0.0100%	8h	$152.3M	$292.5M	—
edgeX ETHUSDC	+0.0100%	4h	$192.3M	$668.9M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.8M	$55.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$4.8M	50x	as long as short
SunX ETH-USDT	+0.0100%	8h	$938K	$14.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.14B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.6M	$72.8M	50x	as long as short
Reya ETHRUSDPERP	+0.0148%	1h	$7.3M	$912K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0195%	1h	$259.5M	$209.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$31.9M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$293.6M	$170.9M	150x	as long as short
Hyperliquid ETH	+0.0225%	1h	$3.17B	$2.07B	25x	as long as short
Aftermath Perps ETHUSD	+0.0230%	1h	$29K	$34K	20x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	$306K	$1.2M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0262%	1h	$85.0M	$313.7M	100x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.9M	$13.5M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0285%	1h	$3.2M	$12.6M	25x	as long as short
dYdX ETH-USD	+0.0430%	1h	$24.5M	$21.5M	50x	as long as short
01 Exchange ETHUSD	+0.0536%	1h	$186K	$1.0M	50x	as long as short
Bluefin ETH-PERP	+0.0694%	1h	$19K	$24K	25x	as long as short
Derive ETH-PERP	+0.0772%	1h	$42.4M	$18.9M	15x	as long as short