ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.027%

Price spread now: Kraken Futures against RISEx+0.073%81s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.204% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.073%, 7d avg −0.010%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.083% dearer against RISEx than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.010%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 4 days (−0.008% in total) that is about 40 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,737.2	0.0137	pay 0.0017% / 1h	21m 07s	$5.6M	$11.4M	25x
Short	Kraken Futures PF_ETHUSD	2,739.2	0.0105	get 0.0013% / 1h	21m 07s	$82.2M	$303.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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

Position, each leg$Hold fordaysFee RISExbpFee Kraken FuturesbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$6.87
Price spread: +0.073% → −0.010%: $8.29
Slippage, 4 orders: −$4.37
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.95
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 3 min ago	0.02 bp	3.0 bp −$3	3.3 bp −$33	315.0 bp −$31.5K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	0.37 bp	6.4 bp −$6	7.7 bp −$77	9.3 bp −$926	13.5 bp −$6,740

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETH-USDT	−0.0159%	8h	2,737.5	+0.009%	$282.3M	$175.9M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,736.2	−0.037%	$274K	$5.5M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,735.4	−0.067%	$5K	$1K	50x	as long as short
Phemex ETHUSDT	−0.0066%	8h	2,738.3	+0.039%	$263.7M	$62.4M	150x	as long as short
Bybit ETHUSDT	−0.0062%	8h	2,736.4	−0.031%	$2.32B	$4.18B	150x	as long as short
HTX ETH-USDT	−0.0042%	8h	2,738.5	+0.046%	$1.05B	$1.18B	200x	as long as short
Phoenix ETH	−0.0012%	1h	2,736.4	−0.031%	$810K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,738.5	+0.045%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,737	−0.008%	$10.6M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,736.9	−0.012%	$6.5M	$665.5M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ETH-USDT	+0.0004%	8h	2,738.2	+0.037%	$943K	$10.4M	100x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,737.3	+0.001%	$33.0M	—	200x	as long as short
Hibachi ETH/USDT-P	+0.0008%	1h	2,737.4	+0.006%	$240K	$1.4M	20x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,736.7	−0.020%	$195K	$880K	50x	as long as short
ApeX Omni ETHUSDT	+0.0029%	1h	2,732	−0.193%	$8.3M	$30.9M	100x	as long as short
SoDEX ETH-USD	+0.0054%	1h	2,738.3	+0.039%	$54.6M	$182.0M	40x	as long as short
Gate ETH_USDT	+0.0057%	8h	2,738.2	+0.034%	$3.29B	$8.33B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,739.8	+0.093%	$266.2M	$219.4M	50x	as long as short
Aster ETHUSDT	+0.0068%	8h	2,737.4	+0.005%	$253.4M	$835.7M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,736	−0.045%	$1.66B	$10.35B	100x	as long as short
MEXC ETH_USDT	+0.0078%	8h	2,738.1	+0.030%	$1.57B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,736.7	−0.021%	$6.32B	$15.81B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,736.3	−0.035%	$4.9M	$190K	20x	as long as short
KuCoin ETHUSDTM	+0.0084%	8h	2,738.5	+0.045%	$383.7M	$559.6M	100x	as long as short
Bullet ETH-USD	+0.0085%	1h	2,737.7	+0.017%	$177K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,738.6	+0.051%	$113.0M	$403.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,739.9	+0.098%	$23.8M	$96.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,736	−0.045%	—	$30.3M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,736.4	−0.031%	$503K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,740.3	+0.111%	$15.4M	$6.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,735.4	−0.066%	$14.3M	$100.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,739.9	+0.097%	$3.12B	$1.96B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,736.7	−0.021%	$32.0M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,735.7	−0.056%	$2.7M	$16.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,737.1	−0.006%	$1.6M	$15.6M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,720.7	−0.606%	$164.6M	$337.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,736.3	−0.034%	$2.11B	$2.61B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,737.7	+0.017%	—	$18.6M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,738.3	+0.039%	$15.1M	$38.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.3	−0.547%	$131.5M	$313.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.5	−0.247%	$185.8M	$683.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,734.4	−0.105%	$158.9M	$81.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736.4	−0.031%	$21.0M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,738.7	+0.052%	—	$437K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,737.6	+0.013%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	−0.472%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.1	+0.030%	$30.4M	$70.0M	50x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0105%	1h	2,739.2	+0.073%	$82.2M	$303.0M	100x
Aftermath Perps ETHUSD	+0.0115%	1h	2,730.6	−0.244%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,739.4	+0.081%	$45.6M	$4.17B	50x	as long as short
RISEx ETH/USDClong	+0.0137%	1h	2,737.2	long leg	$5.6M	$11.4M	25x
Reya ETHRUSDPERP	+0.0170%	1h	2,736.6	−0.022%	$7.3M	$961K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,740.7	+0.128%	$32.3M	$10.8M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,740.6	+0.123%	$118K	$22.4M	52x	as long as short
Bluefin ETH-PERP	+0.1077%	1h	2,738.6	+0.051%	$20K	$23K	25x	as long as short