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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 19:00 UTC−0.0138%/8h
paid, last 24h−0.004%paid, last 7 days−0.120%to open and close $10k−$24
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,750.50.0162pay 0.0020% / 1h13m 14s$84.9M$321.7M100x
ShortPhemex ETHUSDT2,748.50.0024get 0.0024% / 8h5h 13m$265.6M$64.1M150x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$29.02
Slippage, 4 orders
−$2.29
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$53.31
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Phemex: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.071%
Avg gap 7d
−0.009%
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, 2 min ago0.18 bp6.2 bp −$67.6 bp −$7610.0 bp −$1,00414.4 bp −$7,197
Sell Phemex live order book, 2 min ago0.02 bp6.0 bp −$67.3 bp −$7311.8 bp −$1,184doesn't fit

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
Injective ETH/USDC PERP−0.0004%1h$118K$22.5M52xas long as short
Bulk ETH-USD−0.0001%1h$159.0M$270.8M25xas 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$289K$6.3M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
Deribit ETH-PERPETUAL+0.0012%1h$257.9M$204.1M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX ETH-USDT+0.0013%8h—$1.06B—as long as short
OKX ETH-USDT-SWAP+0.0018%8h$1.73B$11.02B100xas long as short
Phemex ETHUSDTshort+0.0024%8h$265.6M$64.1M150x
Bullet ETH-USD+0.0025%1h$190K$1.8M20xas long as short
Aevo ETH-PERP+0.0048%1h$5.0M$654K20xas long as short
MEXC ETH_USDT+0.0050%8h$1.58B$2.41B500xas long as short
Binance ETHUSDT+0.0050%8h$6.55B$15.93B150xas long as short
Phoenix ETH+0.0073%1h$1.1M$2.5M25xas long as short
Gate ETH_USDT+0.0074%8h$3.34B$9.00B200xas long as short
ApeX Omni ETHUSDT+0.0078%1h$8.2M$28.0M100xas long as short
Bitget ETHUSDT+0.0081%8h$2.11B$2.94B150xas long as short
Aster ETHUSDT+0.0082%8h$266.4M$934.1M200xas long as short
RISEx ETH/USDC+0.0083%1h$5.8M$12.2M25xas long as short
Lighter ETH+0.0096%1h$116.1M$483.5M50xas long as short
Lighter RH ETH+0.0096%1h$25.2M$120.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.1M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.8M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h$475K$2.4M50xas long as short
Nado ETH-PERP+0.0100%1h$17.0M$111.4M50xas long as short
Hyperliquid ETH+0.0100%1h$3.21B$2.15B25xas long as short
Pacifica ETH+0.0100%1h$31.0M$250.2M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.51B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$15.0M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$400.5M$696.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.2M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h$145.5M$305.5M—as long as short
edgeX ETHUSDC+0.0100%4h$179.0M$740.0M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$52.7M40xas 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$42.5M$29.1M15xas 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
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Extended ETH-USD+0.0104%1h$31.4M$75.5M50xas long as short
Orderly PERP_ETH_USDC+0.0118%8h$32.2M$10.7M100xas long as short
Aftermath Perps ETHUSD+0.0133%1h$29K$19K20xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.5M$4.52B50xas long as short
Kalshi KXETHPERP+0.0136%8h$9.8M$613.7M4.9xas long as short
Kraken Futures PF_ETHUSDlong+0.0162%1h$84.9M$321.7M100x
BloFin ETH-USDT+0.0170%8h$291.5M$175.6M150xas long as short
Reya ETHRUSDPERP+0.0213%1h$7.3M$828K25xas long as short
Hibachi ETH/USDT-P+0.0240%1h$284K$1.4M20xas long as short