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 22:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Kraken Futures+0.010%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Long on Kraken FuturesShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.010%, 7d avg +0.024%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,771.30.0170pay 0.0021% / 1h8m 09s$85.9M$332.1M100x
ShortCoinbase International ETH-PERP-INTX2,771.60.0104get 0.0013% / 1h8m 09s$59.7M$4.59B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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
−$13.83
Price spread: +0.010% → +0.024%
−$1.4
Slippage, 4 orders
−$1.51
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$36.74
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 1 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 Kraken Futures live order book, 1 min ago0.18 bp5.9 bp −$66.9 bp −$698.7 bp −$87312.1 bp −$6,029
Sell Coinbase International live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$506.4 bp −$64117.8 bp −$8,891

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
Perpl ETH−0.0447%43m2,773.7+0.085%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.8+0.020%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.115%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.299%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.4+0.040%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,773.8+0.091%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,774+0.096%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.079%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.7+0.015%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0017%8h2,770.1−0.044%$1.70B$11.83B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0024%8h2,771−0.012%$269.8M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,771.7+0.014%$12.9M—200xas long as short
Bullet ETH-USD+0.0027%1h2,770.9−0.013%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0031%1h2,772+0.027%$258.5M$222.2M50xas long as short
Aster ETHUSDT+0.0031%8h2,771.1−0.008%$255.6M$995.0M200xas long as short
Nado ETH-PERP+0.0057%1h2,772+0.025%$14.2M$118.1M50xas long as short
MEXC ETH_USDT+0.0060%8h2,770.2−0.040%$1.61B$2.68B500xas long as short
Binance ETHUSDT+0.0060%8h2,770.4−0.034%$6.43B$17.22B150xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.031%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,768.3−0.109%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,770.5−0.029%$55.2M$229.0M40xas long as short
Bitget ETHUSDT+0.0067%8h2,770.8−0.020%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,770.6−0.025%$3.28B$9.67B200xas long as short
HTX ETH-USDT+0.0089%8h2,771.3−0.001%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,770.3−0.036%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0093%8h2,770.8−0.019%—$1.20B—as long as short
KuCoin ETHUSDTM+0.0095%8h2,770.7−0.023%$421.1M$739.0M100xas long as short
Lighter ETH+0.0096%1h2,770.7−0.023%$114.9M$503.0M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.033%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.9+0.057%—$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.6+0.081%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.7+0.050%$477K$2.7M50xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.030%—$1.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.072%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.4+0.110%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.043%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.098%$2.7M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.017%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8−0.020%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.016%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1−0.007%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.043%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.079%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.4+0.040%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.006%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.1+0.064%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.7−0.020%$970K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.1−0.045%$32.6M$77.6M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,771.6+0.010%$59.7M$4.59B50x
Kalshi KXETHPERP+0.0125%8h2,774.6+0.119%$8.4M$681.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,773.4+0.074%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSDlong+0.0170%1h2,771.3long leg$85.9M$332.1M100x
BloFin ETH-USDT+0.0180%8h2,773.3+0.073%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.6−0.024%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,774.9+0.129%$270K$1.5M20xas long as short