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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+0.0036%/8h= +3.9% APRpaid last 24h −0.005%
Price spread now: RISEx against KuCoin+0.022%7-day average +0.006% · 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−$200.201% of the position
Long on KuCoinShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.065%+$6 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.022%, 7d avg +0.006%
Together, before fees+0.041%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, 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 ETHUSDTM2,722.90.0078pay 0.0078% / 8h8m 41s$382.5M$575.8M100x
ShortRISEx ETH/USDC2,723.50.0114get 0.0014% / 1h8m 41s$5.6M$11.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$7.47
Price spread: +0.022% → +0.006%
$1.68
Slippage, 4 orders
−$2.11
Fee KuCoin: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$10.96
Costs to cover
0.201%
Break-even
17.3 days
Slippage from KuCoin: live order book, 10 min ago; RISEx: live order book, 5 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, 10 min ago0.02 bp6.0 bp −$67.5 bp −$759.5 bp −$952doesn't fit
Sell RISEx live order book, 5 min ago0.02 bp4.8 bp −$56.1 bp −$61doesn't fitdoesn'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%43m2,722.5−0.017%$273K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0184%8h2,723.2+0.010%$280.7M$177.3M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.5+0.021%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,723.4+0.018%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.6+0.025%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,723.5+0.020%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,723.7+0.029%$6.7M$674.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,723.7+0.030%$263.4M$214.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.8+0.031%$32.9M—200xas long as short
BingX ETH-USDC+0.0017%8h2,722.2−0.027%—$18.7M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0022%8h2,723.1+0.007%$2.31B$4.32B150xas long as short
01 Exchange ETHUSD+0.0032%1h2,723.3+0.014%$190K$883K50xas long as short
HTX ETH-USDT+0.0035%8h2,722.8−0.003%$1.05B$1.22B200xas long as short
Injective ETH/USDC PERP+0.0050%1h2,723+0.003%$117K$22.0M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,723.8+0.033%$81.8M$310.0M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,724.9+0.071%$239K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,723.4+0.018%$1.65B$10.75B100xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,723+0.003%$8.4M$31.4M100xas long as short
KuCoin ETHUSDTMlong+0.0078%8h2,722.9long leg$382.5M$575.8M100x
Aster ETHUSDT+0.0081%8h2,723.1+0.005%$252.3M$851.1M200xas long as short
Aevo ETH-PERP+0.0088%1h2,720.8−0.078%$4.9M$183K20xas long as short
MEXC ETH_USDT+0.0091%8h2,723.3+0.014%$1.58B$2.59B500xas long as short
Binance ETHUSDT+0.0092%8h2,723.3+0.015%$6.30B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,723.5+0.022%$112.2M$433.4M50xas long as short
Lighter RH ETH+0.0096%1h2,724.7+0.065%$23.4M$102.5M50xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,724.5+0.057%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,722.9−0.001%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.3+0.161%$15.4M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,722.9−0.002%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,725.2+0.084%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,723.8+0.034%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.3+0.014%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,723.5+0.020%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,723+0.004%$3.30B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9−0.001%$2.10B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,723.2+0.011%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.4−0.018%$133.6M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,722.8−0.004%$185.3M$682.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723+0.004%$158.2M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,724+0.040%$20.9M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,724.8+0.067%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,724.6+0.062%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,723+0.003%$194K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,724.6+0.063%$40.7M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,722.4−0.018%$954K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,723.2+0.010%$54.2M$182.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,723.1+0.007%$262.3M$64.2M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.140%$161.2M$356.8M25xas long as short
Extended ETH-USD+0.0104%1h2,722.2−0.026%$30.4M$71.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.1+0.045%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,724.7+0.065%$46.5M$4.26B50xas long as short
RISEx ETH/USDCshort+0.0114%1h2,723.5+0.022%$5.6M$11.7M25x
Reya ETHRUSDPERP+0.0178%1h2,722.7−0.008%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,725.8+0.106%$32.1M$11.3M100xas long as short
Bluefin ETH-PERP+0.0231%1h2,723.1+0.006%$20K$23K25xas long as short