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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.002%
Price spread now: Arcus against KuCoin+0.026%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Long on KuCoinShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.058%+$6 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.026%, 7d avg +0.024%
Together, before fees+0.026%+$3 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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,725.60.0074pay 0.0074% / 8h17m 31s$382.4M$576.9M100x
ShortArcus ETH-USD2,726.30.0100get 0.0013% / 1h17m 31s$1.6M$16.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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
$5.46
Price spread: +0.026% → +0.024%
$0.19
Slippage, 4 orders
−$1.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$12.43
Costs to cover
0.181%
Break-even
22.9 days
Slippage from KuCoin: live order book, 12 min ago; Arcus: live order book, 2 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 KuCoin live order book, 12 min ago0.02 bp6.1 bp −$67.9 bp −$7911.1 bp −$1,112doesn't fit
Sell Arcus live order book, 2 min ago0.61 bp2.9 bp −$33.2 bp −$324.5 bp −$455doesn'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−0.0447%43m2,726+0.015%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0177%8h2,726+0.015%$281.9M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,725.8+0.008%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,727+0.052%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.3+0.026%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,726.4+0.029%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.9+0.048%$6.7M$678.3M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.8+0.043%$263.6M$213.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.7+0.039%$32.9M—200xas long as short
BingX ETH-USDC+0.0017%8h2,725.5−0.003%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,725.3−0.010%$2.32B$4.34B150xas long as short
HTX ETH-USDT+0.0031%8h2,726.1+0.018%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.6+0.037%$190K$884K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,730.5+0.180%$166K$21.6M52xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,727.1+0.054%$242K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,726.8+0.043%$81.9M$310.8M100xas long as short
ApeX Omni ETHUSDT+0.0068%1h2,726.3+0.026%$8.5M$31.4M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.4−0.008%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTMlong+0.0074%8h2,725.6long leg$382.4M$576.9M100x
Aster ETHUSDT+0.0078%8h2,726+0.015%$252.6M$848.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,726.2+0.021%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,723.8−0.065%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0090%8h2,725.6+0.002%$6.30B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,726.7+0.040%$112.3M$433.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.8+0.083%$23.4M$102.4M50xas long as short
Phemex ETHUSDT+0.0100%8h2,726.1+0.018%$262.6M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8+0.008%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.6+0.184%$15.3M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.6−0.001%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.9+0.085%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.2+0.057%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726+0.015%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,726.3+0.026%$1.6M$16.0M25x
Gate ETH_USDT+0.0100%8h2,725.9+0.010%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.60.000%$2.11B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.9+0.011%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.2−0.123%$133.6M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.2−0.015%$185.4M$683.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.049%$158.5M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.4+0.030%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.4+0.066%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.9+0.048%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,726.1+0.019%$182K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,727.6+0.075%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,725.8+0.006%$956K$10.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,726.1+0.019%$54.3M$182.7M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.042%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,725.6−0.001%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,724.9−0.027%$30.4M$71.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,726.4+0.031%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.077%$46.6M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,726.3+0.025%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,724.9−0.025%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,728.5+0.106%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0384%1h2,726.6+0.037%$20K$23K25xas long as short