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Funding arb /

ETH

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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 19:00 UTC−0.0136%/8h
next payment, per $10,000−$0.17paid, last 24h+0.006%paid, last 7 days−0.067%to open and close $10k−$21
Long on Kraken FuturesShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,749.90.0162pay 0.0020% / 1h22m 34s$84.9M$321.7M100x
ShortDeribit ETH-PERPETUAL2,749.60.0026get 0.0003% / 1h22m 34s$258.3M$203.9M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$28.64
Slippage, 4 orders
−$4.33
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$49.97
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.011%
Avg gap 7d
+0.035%
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 Kraken Futures live order book, 3 min ago0.18 bp6.1 bp −$67.6 bp −$769.5 bp −$94915.5 bp −$7,765
Sell Deribit live order book, 3 min ago0.09 bp4.8 bp −$55.8 bp −$5811.0 bp −$1,10326.9 bp −$13.5K

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.0016%1h$55.5M$162.3M40xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
Bulk ETH-USD−0.0008%1h$158.8M$269.2M25xas long as short
Injective ETH/USDC PERP−0.0004%1h$111K$22.5M52xas long as short
dYdX ETH-USD0.0000%1h$13.1M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h$180K$1.2M50xas long as short
Perpl ETH0.0000%43m$290K$6.3M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.2M—200xas long as short
OKX ETH-USDT-SWAP+0.0016%8h$1.73B$11.01B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0020%1h$8.2M$28.0M100xas long as short
Deribit ETH-PERPETUALshort+0.0026%1h$258.3M$203.9M50x
Bullet ETH-USD+0.0029%1h$191K$1.8M20xas long as short
Phemex ETHUSDT+0.0038%8h$265.6M$64.1M150xas long as short
MEXC ETH_USDT+0.0047%8h$1.57B$2.40B500xas long as short
Binance ETHUSDT+0.0047%8h$6.54B$15.91B150xas long as short
Aevo ETH-PERP+0.0048%1h$5.0M$657K20xas long as short
Gate ETH_USDT+0.0071%8h$3.34B$8.98B200xas long as short
Phoenix ETH+0.0073%1h$1.1M$2.5M25xas long as short
Aster ETHUSDT+0.0081%8h$267.0M$933.6M200xas long as short
Bitget ETHUSDT+0.0082%8h$2.10B$2.94B150xas long as short
RISEx ETH/USDC+0.0083%1h$5.8M$12.1M25xas long as short
Lighter ETH+0.0096%1h$116.0M$482.5M50xas long as short
Lighter RH ETH+0.0096%1h$25.2M$120.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.1M500xas long as short
Variational Omni ETH+0.0099%8h$145.5M$306.6M—as long as short
Paradex ETH-USD-PERP+0.0100%8h$14.7M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h$475K$2.4M50xas long as short
Nado ETH-PERP+0.0100%1h$17.1M$111.2M50xas long as short
Hyperliquid ETH+0.0100%1h$3.20B$2.14B25xas long as short
Pacifica ETH+0.0100%1h$31.0M$248.0M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.50B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$14.9M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$392.7M$691.2M100xas long as short
BingX ETH-USDT+0.0100%8h—$1.06B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.3M$41.7M50xas long as short
edgeX ETHUSDC+0.0100%4h$179.0M$738.6M100xas long as short
StandX ETH-USD+0.0100%1h$21.1M$52.3M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$11.4M$6.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h$42.4M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h$964K$14.1M100xas long as short
HTX ETH-USDT+0.0100%8h$1.08B$1.21B200xas long as short
Extended ETH-USD+0.0104%1h$31.5M$75.3M50xas long as short
Orderly PERP_ETH_USDC+0.0123%8h$32.2M$10.7M100xas long as short
Kalshi KXETHPERP+0.0135%8h$9.6M$609.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.6M$4.52B50xas long as short
Aftermath Perps ETHUSD+0.0137%1h$29K$19K20xas long as short
Kraken Futures PF_ETHUSDlong+0.0162%1h$84.9M$321.7M100x
BloFin ETH-USDT+0.0167%8h$291.6M$175.6M150xas long as short
Reya ETHRUSDPERP+0.0210%1h$7.3M$841K25xas long as short
Hibachi ETH/USDT-P+0.0232%1h$285K$1.4M20xas long as short