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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+0.0094%/8h= +10.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.005%
Price spread now: Kalshi against BingX+0.064%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Long on BingXShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days−0.041%−$4 · spread now +0.064%, 7d avg −0.006%
Together, before fees−0.080%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,732.50.0033pay 0.0033% / 8h3h 28m—$1.14B—
ShortKalshi KXETHPERP2,734.20.0127get 0.0127% / 8h7h 28m$6.5M$684.1M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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
$19.7
Price spread: +0.064% → −0.006%
$6.92
Slippage, 4 orders
−$1.76
Fee BingX: 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$4.85
Costs to cover
0.218%
Break-even
5.3 days
Slippage from BingX: live order book, 11 min ago; Kalshi: live order book, 1 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 BingX live order book, 11 min ago0.05 bp5.1 bp −$55.2 bp −$525.6 bp −$5646.5 bp −$3,260
Sell Kalshi live order book, 1 min ago0.37 bp5.9 bp −$67.2 bp −$7210.7 bp −$1,07417.2 bp −$8,585

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−0.0335%43m2,733.9+0.051%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6+0.078%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733+0.020%$11.9M—200xas long as short
HTX ETH-USDT−0.0007%8h2,732−0.017%$1.06B$1.20B200xas long as short
Phoenix ETH−0.0006%1h2,739+0.239%$821K$2.9M25xas long as short
dYdX ETH-USD+0.0004%1h2,734.2+0.065%$10.7M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733+0.020%$28.1M—200xas long as short
Bullet ETH-USD+0.0025%1h2,732.5+0.003%$179K$1.7M20xas long as short
BingX ETH-USDTlong+0.0033%8h2,732.5long leg—$1.14B—
Bybit ETHUSDT+0.0041%8h2,732.3−0.005%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,734.2+0.064%$187K$816K50xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.8+0.011%$379.6M$573.5M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,733.8+0.049%$259.5M$200.2M50xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,732.5+0.002%$1.67B$10.73B100xas long as short
SunX ETH-USDT+0.0077%8h2,733+0.018%$958K$11.2M100xas long as short
Aster ETHUSDT+0.0084%8h2,733.1+0.024%$251.0M$841.9M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.194%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0086%8h2,733.4+0.034%$265.0M$65.1M150xas long as short
MEXC ETH_USDT+0.0092%8h2,732.6+0.004%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0092%8h2,732.6+0.005%$6.35B$15.90B150xas long as short
SoDEX ETH-USD+0.0095%1h2,733.1+0.023%$54.4M$187.7M40xas long as short
Lighter ETH+0.0096%1h2,733.2+0.025%$112.6M$432.7M50xas long as short
Lighter RH ETH+0.0096%1h2,734.3+0.067%$23.4M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.9+0.053%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.3−0.042%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,735.8+0.122%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.4+0.034%$505K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.9+0.164%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.1+0.061%$13.8M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.9+0.090%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.6+0.078%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.4+0.034%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.9+0.090%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.145%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.5+0.001%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.4−0.001%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.6+0.004%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,737.4+0.181%$133.6M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,736.2+0.135%$184.1M$671.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.1+0.206%$159.3M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,735.7+0.119%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.7+0.083%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734.9+0.089%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.4+0.033%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.6+0.078%$41.3M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,731.6−0.030%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,734.7+0.080%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,736.5+0.148%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,733.4+0.034%$50.9M$4.28B50xas long as short
Kalshi KXETHPERPshort+0.0127%8h2,734.2+0.064%$6.5M$684.1M4.9x
Kraken Futures PF_ETHUSD+0.0153%1h2,733.2+0.027%$83.3M$315.0M100xas long as short
Orderly PERP_ETH_USDC+0.0196%8h2,734.9+0.089%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0211%1h2,732.3−0.007%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.5+0.112%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0370%8h2,734.2+0.064%$283.1M$175.1M150xas long as short