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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−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.017%
Price spread now: KuCoin against OKX0.000%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Long on OKXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now 0.000%, 7d avg +0.006%
Together, before fees−0.009%−$1 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
LongOKX ETH-USDT-SWAP2,736.80.0098pay 0.0098% / 8h2h 05m$1.66B$10.94B100x
ShortKuCoin ETHUSDTM2,736.80.0080get 0.0080% / 8h2h 05m$376.1M$577.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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
−$3.84
Price spread: 0.000% → +0.006%
−$0.57
Slippage, 4 orders
−$0.54
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.94
Costs to cover
0.225%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 4 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 OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5707.9 bp −$3,965
Sell KuCoin live order book, 4 min ago0.02 bp6.5 bp −$68.4 bp −$8411.2 bp −$1,122doesn'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%43m2,737.5+0.027%$292K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.9+0.077%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.1+0.047%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736.5−0.011%$817K$3.0M25xas long as short
dYdX ETH-USD+0.0005%1h2,737.5+0.026%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2+0.053%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4−0.051%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0011%8h2,737.4+0.022%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0036%8h2,736.9+0.004%—$1.12B—as long as short
01 Exchange ETHUSD+0.0040%1h2,736.9+0.004%$190K$876K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,736.7−0.004%$2.35B$4.42B150xas long as short
Deribit ETH-PERPETUAL+0.0057%1h2,739+0.081%$259.2M$208.5M50xas long as short
KuCoin ETHUSDTMshort+0.0080%8h2,736.80.000%$376.1M$577.9M100x
Aftermath Perps ETHUSD+0.0084%1h2,735.6−0.045%$30K$20K20xas long as short
Bullet ETH-USD+0.0084%1h2,737.6+0.031%$182K$1.7M20xas long as short
SunX ETH-USDT+0.0095%8h2,737.1+0.011%$959K$11.1M100xas long as short
Lighter ETH+0.0096%1h2,737.2+0.015%$112.7M$438.3M50xas long as short
Lighter RH ETH+0.0096%1h2,738.4+0.057%$23.5M$104.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,735.5−0.048%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAPlong+0.0098%8h2,736.8long leg$1.66B$10.94B100x
Aster ETHUSDT+0.0099%8h2,737.2+0.016%$253.3M$848.5M200xas long as short
Phemex ETHUSDT+0.0099%8h2,738.2+0.052%$264.1M$65.1M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.6−0.007%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,741.6+0.174%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.7+0.035%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.6+0.103%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737.9+0.041%$32.1M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,736.9+0.006%$6.35B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.5+0.026%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.4+0.022%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.7−0.002%$3.28B$9.09B200xas long as short
MEXC ETH_USDT+0.0100%8h2,736.9+0.002%$1.53B$2.61B500xas long as short
Bitget ETHUSDT+0.0100%8h2,736.9+0.002%$2.09B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.1+0.047%$15.0M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,737.1+0.013%$135.0M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,736−0.027%$185.5M$680.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.9+0.005%$159.2M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,736.9+0.004%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,737.3+0.019%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,739+0.081%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3+0.092%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738+0.042%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.6+0.101%$41.1M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,737.8+0.037%$54.5M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,735.9−0.032%$162.8M$321.5M25xas long as short
Extended ETH-USD+0.0104%1h2,736−0.028%$30.3M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,737.9+0.040%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,739.4+0.096%$50.1M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,737.3+0.018%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0137%8h2,737.4+0.022%$6.9M$693.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0175%1h2,738.8+0.073%$83.7M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,740.3+0.127%$32.3M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0197%1h2,737+0.007%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,738.3+0.053%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,737.2+0.016%$280.2M$175.4M150xas long as short