ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0119%/8h= +13.0% APRnext payment +$1.19 per $10,000 · paid last 24h −0.004%

Price spread now: Kalshi against SunX+0.063%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on SunX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.311%+$31 · spread now +0.063%, 7d avg −0.004%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.067% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ETH-USDT	2,722	−0.0119	get 0.0119% / 8h	7h 28m	$938K	$10.5M	100x
Short	Kalshi KXETHPERP	2,723.7	0	get 0.0000% / 8h	3h 28m	$6.7M	$669.5M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now +0.063%Rate

Funding earned: $24.97
Price spread: +0.063% → −0.004%: $6.7
Slippage, 4 orders: −$6.15
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $7.52
Costs to cover: 0.241%
Break-even: 4.9 days

Slippage from SunX: live order book, 11 min ago; Kalshi: live order book, 6 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 SunX live order book, 11 min ago	0.62 bp	5.9 bp −$6	5.9 bp −$59	7.5 bp −$753	10.3 bp −$5,170
Sell Kalshi live order book, 6 min ago	1.10 bp	6.7 bp −$7	7.8 bp −$78	11.2 bp −$1,118	17.9 bp −$8,957

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	−0.0161%	8h	2,723.6	+0.059%	$281.2M	$176.3M	150x	as long as short
HTX ETH-USDT	−0.0159%	8h	2,723.3	+0.046%	$1.05B	$1.20B	200x	as long as short
SunX ETH-USDTlong	−0.0119%	8h	2,722	long leg	$938K	$10.5M	100x
Perpl ETH	−0.0112%	43m	2,723.2	+0.045%	$275K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,722.7	+0.026%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0069%	8h	2,721.9	−0.002%	$2.31B	$4.29B	150x	as long as short
ApeX Omni ETHUSDT	−0.0013%	1h	2,724.3	+0.086%	$8.3M	$31.3M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,732	+0.368%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.3	+0.048%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,721.9	−0.005%	$10.5M	$41.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERPshort	0.0000%	8h	2,723.7	+0.063%	$6.7M	$669.5M	4.9x
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.7	+0.098%	$265.8M	$222.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,721.7	−0.012%	$32.8M	—	200x	as long as short
Gate ETH_USDT	+0.0024%	8h	2,721.4	−0.023%	$3.27B	$8.28B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,721.3	−0.025%	$194K	$886K	50x	as long as short
Hibachi ETH/USDT-P	+0.0032%	1h	2,724.2	+0.081%	$237K	$1.4M	20x	as long as short
SoDEX ETH-USD	+0.0043%	1h	2,723.4	+0.052%	$54.2M	$182.4M	40x	as long as short
Aster ETHUSDT	+0.0065%	8h	2,721	−0.036%	$251.8M	$841.1M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,722.3	+0.012%	$1.65B	$10.59B	100x	as long as short
Binance ETHUSDT	+0.0077%	8h	2,720.9	−0.041%	$6.29B	$15.97B	150x	as long as short
Phemex ETHUSDT	+0.0078%	8h	2,723.9	+0.069%	$262.4M	$63.1M	150x	as long as short
MEXC ETH_USDT	+0.0080%	8h	2,721.5	−0.017%	$1.58B	$2.57B	500x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,723	+0.036%	$4.9M	$195K	20x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,721.6	−0.016%	$381.9M	$564.2M	100x	as long as short
Bullet ETH-USD	+0.0086%	1h	2,721.4	−0.021%	$174K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,722.5	+0.020%	$112.2M	$402.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,723.3	+0.048%	$23.6M	$96.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,722.4	+0.014%	—	$30.4M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,721.2	−0.029%	$496K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,725.3	+0.123%	$15.3M	$7.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,722	+0.001%	$14.2M	$100.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,723.6	+0.059%	$3.10B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,722.4	+0.015%	$31.9M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,720.5	−0.055%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,721.8	−0.008%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,720.7	−0.049%	$164.6M	$337.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,722.1	+0.005%	$2.11B	$2.72B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,721.4	−0.023%	—	$1.04B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,723.3	+0.047%	$15.1M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	+0.077%	$131.7M	$315.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.3	+0.085%	$185.3M	$683.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,724.3	+0.083%	$158.4M	$80.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.1	+0.078%	$20.9M	$71.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,723.9	+0.070%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,722.5	+0.019%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	+0.086%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,720.7	−0.046%	$30.3M	$70.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,724.3	+0.084%	$81.8M	$308.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,726.8	+0.178%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,724.5	+0.092%	$45.7M	$4.21B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,721.9	−0.004%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0171%	1h	2,720.9	−0.042%	$7.3M	$961K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0182%	8h	2,724.6	+0.097%	$32.1M	$10.9M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,728.1	+0.224%	$293K	$21.4M	52x	as long as short
Bluefin ETH-PERP	+0.1440%	1h	2,722.3	+0.011%	$20K	$23K	25x	as long as short