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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 00:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.016%
Price spread now: Reya against KuCoin−0.048%7-day average −0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.092%+$9 on $10k
Price spread, last 7 days+0.025%+$3 · spread now −0.048%, 7d avg −0.029%
Together, before fees+0.117%+ Points / potential airdropReya: Active · farm board+$12 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: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,771.40.0081pay 0.0081% / 8h14m 30s$421.0M$739.2M100x
ShortReya ETHRUSDPERP2,770.10.0204get 0.0025% / 1h14m 30s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$25.82
Price spread: −0.048% → −0.029%
−$1.86
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Reya: 3 bp × 2 orders
−$6
Net
$5.97
Costs to cover
0.180%
Break-even
5.4 days
Slippage unknown: KuCoin: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

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, 5 min ago0.02 bp6.2 bp −$67.3 bp −$739.5 bp −$946doesn't fit
Sell Reya no order-book sample—————
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0223%43m2,771.6+0.008%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.3−0.041%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.336%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771−0.014%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,771.5+0.003%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.8−0.022%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,772+0.020%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,773.6+0.079%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.1+0.025%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,770.2−0.044%$1.70B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772.1+0.024%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,772.6+0.042%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,771.2−0.007%$270.2M$68.9M150xas long as short
Aster ETHUSDT+0.0033%8h2,771.2−0.009%$255.8M$1.00B200xas long as short
SoDEX ETH-USD+0.0038%1h2,771.3−0.004%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0042%1h2,771.4+0.001%$182K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,773.1+0.061%$259.0M$222.4M50xas long as short
Aevo ETH-PERP+0.0056%1h2,770.3−0.040%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,770.8−0.022%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0058%8h2,769.9−0.055%$6.45B$17.31B150xas long as short
Bitget ETHUSDT+0.0065%8h2,770.3−0.041%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,770.9−0.019%$3.29B$9.68B200xas long as short
KuCoin ETHUSDTMlong+0.0081%8h2,771.4long leg$421.0M$739.2M100x
BingX ETH-USDC+0.0088%8h2,770−0.052%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.4+0.035%$60.3M$4.59B50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.3−0.040%$2.50B$4.63B150xas long as short
HTX ETH-USDT+0.0095%8h2,771.9+0.017%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0095%1h2,771.1−0.013%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,771.4+0.001%$115.1M$500.2M50xas long as short
Lighter RH ETH+0.0096%1h2,772.9+0.053%$25.3M$121.9M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771−0.013%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.1−0.047%$475K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.2−0.044%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.069%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771.7+0.010%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.7−0.025%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.3−0.003%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.056%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.4−0.001%$15.1M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,772.7+0.048%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.5+0.003%$181.9M$784.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.1−0.010%$161.1M$90.0M50xas long as short
StandX ETH-USD+0.0100%1h2,772.1+0.025%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.5−0.032%$10.6M$8.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.5+0.040%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,771.7+0.010%$971K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.7+0.083%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.7−0.063%$32.5M$78.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.2+0.066%—$43.6M500xas long as short
Kalshi KXETHPERP+0.0111%8h2,772.5+0.040%$8.2M$687.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,772.5+0.039%$89.0M$337.4M100xas long as short
Orderly PERP_ETH_USDC+0.0142%8h2,774.1+0.098%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0178%8h2,771−0.016%$286.3M$194.7M150xas long as short
Reya ETHRUSDPERPshort+0.0204%1h2,770.1−0.048%$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0216%1h2,774+0.094%$252K$1.6M20xas long as short