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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.015%
Price spread now: SunX against Kraken Futures−0.044%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Long on Kraken FuturesShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.044%, 7d avg −0.029%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,728.40.0176pay 0.0022% / 1h50m 03s$83.0M$316.6M100x
ShortSunX ETH-USDT2,727.20.0063get 0.0063% / 8h2h 50m$957K$11.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$23.72
Price spread: −0.044% → −0.029%
−$1.58
Slippage, 4 orders
−$6.3
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$49.6
Costs to cover
0.243%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago0.18 bp6.6 bp −$77.0 bp −$708.3 bp −$83411.0 bp −$5,484
Sell SunX live order book, 9 min ago0.61 bp5.0 bp −$55.2 bp −$527.3 bp −$732doesn't fit

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−0.0335%43m2,730+0.057%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,730.4+0.072%$5K$1K50xas long as short
HTX ETH-USDT−0.0015%8h2,728.4−0.001%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.7+0.047%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,730.9+0.090%$815K$3.0M25xas long as short
dYdX ETH-USD+0.0003%1h2,730.2+0.065%$10.7M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.9+0.053%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.1+0.061%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0031%8h2,728−0.016%—$1.13B—as long as short
Bybit ETHUSDT+0.0039%8h2,727.7−0.026%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,731.1+0.097%$186K$785K50xas long as short
Deribit ETH-PERPETUAL+0.0051%1h2,729.3+0.031%$258.4M$203.2M50xas long as short
Bullet ETH-USD+0.0061%1h2,729.4+0.035%$178K$1.7M20xas long as short
SunX ETH-USDTshort+0.0063%8h2,727.2−0.044%$957K$11.2M100x
KuCoin ETHUSDTM+0.0067%8h2,728.1−0.013%$377.7M$576.7M100xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,729.2+0.027%$30K$20K20xas long as short
Aevo ETH-PERP+0.0080%1h2,726.4−0.074%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,728.1−0.014%$252.3M$843.1M200xas long as short
MEXC ETH_USDT+0.0085%8h2,727.8−0.022%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,728.3−0.006%$1.67B$10.75B100xas long as short
Binance ETHUSDT+0.0086%8h2,727.8−0.022%$6.32B$15.98B150xas long as short
Phemex ETHUSDT+0.0089%8h2,727.8−0.022%$264.0M$64.1M150xas long as short
ApeX Omni ETHUSDT+0.0090%1h2,727−0.054%$8.7M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,728.5+0.001%$111.8M$429.0M50xas long as short
Lighter RH ETH+0.0096%1h2,729.3+0.030%$23.4M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,730.3+0.070%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,730+0.057%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.9+0.165%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.2+0.065%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.1+0.061%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.1+0.096%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.3+0.031%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.1+0.096%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,729+0.019%$165.1M$317.5M25xas long as short
Gate ETH_USDT+0.0100%8h2,728−0.015%$3.34B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.8−0.024%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.6−0.033%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.7+0.047%$134.4M$324.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.8−0.060%$183.1M$672.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.011%$158.8M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,730.2+0.064%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.5+0.113%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.8+0.123%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.2+0.028%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730+0.056%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.9−0.020%$54.3M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,727.6−0.031%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,728.9+0.016%$50.1M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,730.8+0.088%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0148%8h2,730.6+0.079%$6.3M$689.6M4.9xas long as short
Kraken Futures PF_ETHUSDlong+0.0176%1h2,728.4long leg$83.0M$316.6M100x
Orderly PERP_ETH_USDC+0.0189%8h2,730.9+0.090%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0204%1h2,729.6+0.043%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,731.1+0.097%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0341%8h2,730.3+0.068%$282.7M$174.6M150xas long as short