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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+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%
Price spread now: Variational Omni against KuCoin−0.002%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.050%+$5 on $10k
Price spread, last 7 days−0.013%−$1 · spread now −0.002%, 7d avg +0.003%
Together, before fees+0.036%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, 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 ETHUSDTM2,770.60.0083pay 0.0083% / 8h7h 30m$420.4M$628.7M100x
ShortVariational Omni ETH2,770.60.0100get 0.0100% / 8h7h 30m$140.2M$345.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$3.57
Price spread: −0.002% → +0.003%
−$0.44
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.87
Costs to cover
0.120%
Break-even
24.4 days
Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 4 min ago0.02 bp6.2 bp −$68.0 bp −$8010.8 bp −$1,082doesn't fit
Sell Variational Omni RFQ quote, 4 min ago0.79 bpdoesn't fit3.2 bp −$326.7 bp −$668doesn'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%1h2,772.9+0.082%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.6−0.038%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.8−0.029%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.3−0.012%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,769.7−0.033%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.1+0.017%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770.2−0.015%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6−0.001%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,769.7−0.032%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0025%8h2,771.7+0.040%$1.71B$11.20B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,770.5−0.005%$12.7M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,770.2−0.016%$269.6M$67.5M150xas long as short
SoDEX ETH-USD+0.0033%1h2,770−0.022%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0040%8h2,770.9+0.010%$256.7M$886.2M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.6−0.001%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,771.6+0.035%$6.48B$16.35B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.4−0.117%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0066%1h2,771.4+0.029%$31K$23K20xas long as short
Bitget ETHUSDT+0.0072%8h2,771.8+0.043%$2.10B$2.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.041%$60.4M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,770.1−0.020%—$876K50xas long as short
KuCoin ETHUSDTMlong+0.0083%8h2,770.6long leg$420.4M$628.7M100x
HTX ETH-USDT+0.0084%8h2,769.8−0.030%$1.08B$1.25B200xas long as short
Gate ETH_USDT+0.0094%8h2,772+0.048%$3.36B$9.00B200xas long as short
Lighter ETH+0.0096%1h2,771+0.012%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.056%$25.7M$111.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.2+0.022%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.033%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.1−0.020%$14.7M$114.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.2+0.129%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.012%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772+0.050%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.026%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4−0.008%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.028%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,771.1+0.019%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772+0.051%$15.2M$42.0M50xas long as short
Variational Omni ETHshort+0.0100%8h2,770.6−0.002%$140.2M$345.2M—
edgeX ETHUSDC+0.0100%4h2,769.9−0.026%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6−0.038%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771+0.013%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,768.5−0.077%$21.4M$62.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.4−0.044%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.005%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.2+0.057%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.3−0.047%$971K$13.2M100xas long as short
Extended ETH-USD+0.0104%1h2,771.2+0.020%$31.0M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.1−0.019%—$37.0M500xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,771.6+0.037%$259.1M$207.0M50xas long as short
Kalshi KXETHPERP+0.0111%8h2,770.8+0.006%$8.0M$682.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.9+0.047%$96.0M$319.4M100xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,772.4+0.066%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,772.9+0.080%$32.6M$11.2M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.4−0.009%$287.6M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,769.2−0.051%$7.3M$1.2M25xas long as short