Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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.

Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.013%
Price spread now: Bitget against KuCoin−0.006%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Long on KuCoinShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.006%, 7d avg −0.002%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,770.60.0082pay 0.0082% / 8h7h 34m$420.2M$633.5M100x
ShortBitget ETHUSDT2,770.40.0070get 0.0070% / 8h7h 34m$2.10B$2.89B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$2.52
Price spread: −0.006% → −0.002%
−$0.41
Slippage, 4 orders
−$1.04
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$27.98
Costs to cover
0.250%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago0.02 bp6.4 bp −$68.5 bp −$8511.1 bp −$1,113doesn't fit
Sell Bitget live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.4 bp −$738doesn'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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.277%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.2−0.049%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,768.5−0.076%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.5+0.106%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.3−0.046%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.034%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.015%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.9−0.025%$22.4M—200xas long as short
Phemex ETHUSDT+0.0009%8h2,768.8−0.064%$269.5M$67.4M150xas long as short
Bullet ETH-USD+0.0023%1h2,768.8−0.064%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0024%8h2,770.4−0.005%$1.71B$11.22B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,769.5−0.039%$12.7M—200xas long as short
SoDEX ETH-USD+0.0037%1h2,769.3−0.046%$55.2M$187.9M40xas long as short
Aster ETHUSDT+0.0040%8h2,770.1−0.018%$256.6M$886.8M200xas long as short
MEXC ETH_USDT+0.0055%8h2,770−0.021%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,770.1−0.017%$6.47B$16.39B150xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.134%$5.0M$165K20xas long as short
HTX ETH-USDT+0.0062%8h2,769.1−0.054%$1.08B$1.26B200xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.6+0.073%$31K$23K20xas long as short
Bitget ETHUSDTshort+0.0070%8h2,770.4−0.006%$2.10B$2.89B150x
Deribit ETH-PERPETUAL+0.0071%1h2,770.7+0.006%$259.1M$207.4M50xas long as short
Gate ETH_USDT+0.0077%8h2,770.4−0.007%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.2−0.013%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTMlong+0.0082%8h2,770.6long leg$420.2M$633.5M100x
Vest ETH-PERP+0.0083%1h2,770.2−0.015%—$878K50xas long as short
Lighter ETH+0.0096%1h2,769.7−0.030%$115.2M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,771.2+0.023%$25.8M$111.2M50xas long as short
SunX ETH-USDT+0.0098%8h2,771.9+0.046%$973K$13.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.010%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.6−0.035%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769−0.055%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5+0.070%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.5−0.001%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.60.000%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8−0.028%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.1−0.017%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.027%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,770.3−0.010%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.3−0.010%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.062%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,773+0.086%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.032%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.055%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.073%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.8−0.064%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.2−0.013%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.4+0.030%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,769.7−0.031%$30.9M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.7−0.033%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,770.6+0.001%$7.9M$683.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.5−0.002%$93.3M$317.0M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,772+0.052%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.119%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.077%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,768.9−0.062%$7.3M$1.2M25xas long as short