Funding you earn now, next payment 00:00 UTC−0.0406%/8h= −44.4% APRpaid last 24h +0.189%
Price spread now: BloFin against Kraken Futures−0.055%117s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.794% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now −0.055%, 7d avg −0.083%
=The price spread pays, funding is against you. BloFin is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.083%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.200%, so the current rate has only just turned against you. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.200% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7218 | 0.0549 | pay 0.0069% / 1h | 43m 22s | $278K | $160K | 20x |
| Short | BloFin ETHFI-USDT | 0.7214 | 0.0143 | get 0.0071% / 4h | 43m 22s | $1.3M | $291K | 75x |
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.22
- Price spread: −0.055% → −0.083%
- $2.78
- Slippage, 4 orders
- −$57.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$161.82
- Costs to cover
- 0.794%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; BloFin: live order book, 4 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 Kraken Futures live order book, 34 min ago | 11.16 bp | 31.2 bp −$31 | 138.1 bp −$1,381 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.08 bp | 14.5 bp −$15 | 24.4 bp −$244 | 74.3 bp −$7,430 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0443% | 1h | 0.7210 | −0.111% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0342% | 4h | 0.7219 | +0.014% | $84K | $164K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0191% | 4h | 0.7211 | −0.097% | $16K | $1K | 10x | as long as short |
| Aster ETHFIUSDT | +0.0028% | 4h | 0.7222 | +0.055% | $184K | $262K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.305% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7213 | −0.069% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0038% | 4h | 0.7211 | −0.095% | $25.1M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7209 | −0.122% | $94K | $493K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0050% | 8h | 0.7213 | −0.067% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7208 | −0.143% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Aster ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7230 | +0.171% | $1.1M | $896K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7225 | +0.097% | $18.3M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7212 | −0.083% | $18.3M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7214 | −0.055% | $4.9M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7215 | −0.041% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7213 | −0.069% | $1.2M | $272K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7203 | −0.208% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7215 | −0.041% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7232 | +0.195% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7224 | +0.086% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7214 | −0.055% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0143% | 4h | 0.7214 | −0.055% | $1.3M | $291K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.263% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0549% | 1h | 0.7218 | long leg | $278K | $160K | 20x |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX