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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+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.002%
Price spread now: SunX against KuCoin−0.031%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Long on KuCoinShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.031%, 7d avg −0.019%
Together, before fees+0.051%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, 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 ETHUSDTM2,728.90.0069pay 0.0069% / 8h4h 38m$380.1M$576.0M100x
ShortSunX ETH-USDT2,728.10.0100get 0.0100% / 8h4h 38m$956K$11.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$6.51
Price spread: −0.031% → −0.019%
−$1.25
Slippage, 4 orders
−$4.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$19.11
Costs to cover
0.244%
Break-even
27.6 days
Slippage from KuCoin: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago0.02 bp6.2 bp −$68.4 bp −$8410.9 bp −$1,086doesn't fit
Sell SunX live order book, 10 min ago0.26 bp6.9 bp −$77.2 bp −$728.8 bp −$87510.6 bp −$5,310

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%43m2,728.90.000%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,728.7−0.007%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.2+0.011%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.90.000%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,729.7+0.030%$10.7M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,728.7−0.007%$187K$842K50xas long as short
Phoenix ETH0.0000%1h2,728.8−0.004%$828K$2.9M25xas long as short
Bullet ETH-USD+0.0004%1h2,728.4−0.018%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,728.8−0.004%$26.8M—200xas long as short
Deribit ETH-PERPETUAL+0.0029%1h2,728.2−0.026%$260.1M$196.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0039%1h2,729.5+0.023%$8.9M$31.3M100xas long as short
SoDEX ETH-USD+0.0057%1h2,726.8−0.077%$54.3M$187.6M40xas long as short
BingX ETH-USDT+0.0059%8h2,728.5−0.015%—$1.14B—as long as short
KuCoin ETHUSDTMlong+0.0069%8h2,728.9long leg$380.1M$576.0M100x
OKX ETH-USDT-SWAP+0.0072%8h2,728.7−0.006%$1.67B$10.71B100xas long as short
HTX ETH-USDT+0.0075%8h2,726.5−0.088%$1.05B$1.20B200xas long as short
Aster ETHUSDT+0.0079%8h2,728.7−0.006%$251.3M$844.6M200xas long as short
Bybit ETHUSDT+0.0084%8h2,728.3−0.023%$2.39B$4.35B150xas long as short
MEXC ETH_USDT+0.0088%8h2,728.3−0.023%$1.52B$2.55B500xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.127%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,728.6−0.011%$6.34B$15.87B150xas long as short
Phemex ETHUSDT+0.0095%8h2,726.9−0.072%$265.0M$65.5M150xas long as short
Lighter ETH+0.0096%1h2,727.7−0.045%$112.2M$436.4M50xas long as short
Lighter RH ETH+0.0096%1h2,728.7−0.006%$23.2M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,729+0.005%—$30.6M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,732.4+0.129%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,729.1+0.006%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.1−0.029%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.7−0.009%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.2+0.048%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.1+0.045%$31.9M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2−0.026%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.9+0.001%$2.8M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.3−0.021%$3.35B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.7−0.008%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.7−0.044%$14.9M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3+0.014%$133.2M$325.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.8+0.069%$183.7M$669.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.6+0.063%$158.9M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,729.7+0.029%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,730+0.041%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.4+0.055%$11.1M$9.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,728.7−0.006%$41.2M$29.7M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,728.1−0.031%$956K$11.4M100x
Bulk ETH-USD+0.0100%1h2,730.9+0.073%$166.8M$318.0M25xas long as short
Extended ETH-USD+0.0104%1h2,727.3−0.057%$30.4M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,728.2−0.025%$51.5M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0125%1h2,731.2+0.084%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0150%8h2,729+0.004%$6.5M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,729.7+0.029%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0222%1h2,728−0.032%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,727.7−0.044%$84.1M$313.9M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,732.4+0.129%$253K$1.4M20xas long as short
Bluefin ETH-PERP+0.0275%1h2,728.2−0.027%$21K$20K25xas long as short
BloFin ETH-USDT+0.0355%8h2,727.1−0.067%$282.6M$174.6M150xas long as short