Settings8H · net · $10k
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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 08:00 UTC+0.0297%/8h= +32.6% APRnext payment +$2.97 per $10,000 · paid last 24h +0.031%
Price spread now: BloFin against KuCoin+0.035%110s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
Long on KuCoinShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.247%+$25 on $10k
Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.035%, 7d avg −0.006%
Together, before fees+0.184%+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.041% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,731.90.0068pay 0.0068% / 8h1h 23m$374.7M$577.3M100x
ShortBloFin ETH-USDT2,732.90.0365get 0.0365% / 8h1h 23m$281.8M$175.7M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$62.45
Price spread: +0.035% → −0.006%
$4.14
Slippage, 4 orders
−$0.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$42.37
Costs to cover
0.242%
Break-even
2.3 days
Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 6 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, 6 min ago0.02 bp6.1 bp −$67.2 bp −$7210.5 bp −$1,048doesn't fit
Sell BloFin live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$606.5 bp −$6508.6 bp −$4,323

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−0.0112%43m2,731.8−0.004%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.4+0.055%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.158%$117K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0018%1h2,730−0.068%$8.6M$31.5M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.9+0.035%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,733.3+0.051%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.7+0.066%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.1+0.007%$6.5M$686.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734+0.076%$262.6M$214.6M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733+0.041%$33.0M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.1+0.007%$191K$893K50xas long as short
HTX ETH-USDT+0.0017%8h2,733.2+0.046%$1.05B$1.23B200xas long as short
BingX ETH-USDT+0.0025%8h2,732.3+0.015%—$1.10B—as long as short
Bybit ETHUSDT+0.0030%8h2,732.3+0.015%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTMlong+0.0068%8h2,731.9long leg$374.7M$577.3M100x
Aster ETHUSDT+0.0083%8h2,732.3+0.013%$252.5M$849.0M200xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,732.2+0.011%$1.65B$10.94B100xas long as short
SoDEX ETH-USD+0.0090%1h2,732.9+0.036%$54.4M$187.2M40xas long as short
MEXC ETH_USDT+0.0092%8h2,731.8−0.003%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,732.3+0.016%$6.34B$16.17B150xas long as short
SunX ETH-USDT+0.0095%8h2,731.5−0.014%$958K$11.0M100xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,731.1−0.030%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,732.4+0.018%$112.2M$435.7M50xas long as short
Lighter RH ETH+0.0096%1h2,733.7+0.066%$23.5M$103.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.2−0.062%$4.9M$157K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.6+0.024%$263.3M$64.6M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.6−0.011%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737+0.187%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.018%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.4+0.091%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733+0.039%$32.0M$332.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.5−0.015%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.1+0.008%$1.5M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.7+0.027%$3.30B$9.01B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.7+0.030%$2.09B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733+0.041%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,731.90.000%$134.0M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.1−0.103%$185.6M$681.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.5−0.052%$158.7M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733.8+0.069%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.067%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.2+0.047%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.2+0.011%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733+0.041%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.169%$40.9M$30.3M15xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.209%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,732+0.002%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.5+0.058%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.2+0.084%$49.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.2+0.011%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735.1+0.115%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0190%1h2,731.1−0.029%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.5+0.059%$82.4M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,732.8+0.033%$245K$1.4M20xas long as short
BloFin ETH-USDTshort+0.0365%8h2,732.9+0.035%$281.8M$175.7M150x