ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h −0.002%

Price spread now: Kalshi against Bitget−0.041%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.041%, 7d avg −0.006%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, 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	Bitget ETHUSDT	2,729.6	0.0100	pay 0.0100% / 8h	4h 41m	$2.07B	$2.75B	150x
Short	Kalshi KXETHPERP	2,728.5	0.0152	get 0.0152% / 8h	41m 29s	$6.4M	$677.4M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.9
Price spread: −0.041% → −0.006%: −$3.46
Slippage, 4 orders: −$1.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$15.77
Costs to cover: 0.232%
Break-even: 17.1 days

Slippage from Bitget: live order book, 3 min ago; Kalshi: 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 Bitget live order book, 3 min ago	0.02 bp	6.0 bp −$6	6.6 bp −$66	7.7 bp −$773	doesn't fit
Sell Kalshi live order book, 3 min ago	0.18 bp	5.8 bp −$6	6.9 bp −$69	10.0 bp −$1,003	16.8 bp −$8,383

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
Perpl ETH	−0.0447%	43m	2,728.4	−0.044%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,732.2	+0.095%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.9	+0.010%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.2	−0.014%	$11.9M	—	200x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	2,729.9	+0.008%	$8.9M	$31.3M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.8	+0.007%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,730	+0.014%	$188K	$841K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.1	−0.056%	$830K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0006%	1h	2,728.6	−0.037%	$181K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,729.3	−0.011%	$26.2M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0050%	1h	2,728.6	−0.037%	$54.3M	$187.6M	40x	as long as short
BingX ETH-USDC	+0.0057%	8h	2,729.1	−0.018%	—	$18.4M	—	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,729.2	−0.017%	$380.1M	$576.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0073%	8h	2,729.8	+0.006%	$1.67B	$10.70B	100x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,729.7	+0.003%	$251.4M	$844.3M	200x	as long as short
HTX ETH-USDT	+0.0082%	8h	2,728	−0.060%	$1.05B	$1.19B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0083%	1h	2,730	+0.012%	$260.1M	$196.8M	50x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,726.4	−0.119%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,729.7	+0.004%	$6.34B	$15.86B	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,729.6	0.000%	$1.52B	$2.55B	500x	as long as short
Bybit ETHUSDT	+0.0089%	8h	2,729.2	−0.016%	$2.39B	$4.34B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729.8	+0.005%	$112.1M	$435.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.1	+0.055%	$23.2M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,729.5	−0.006%	—	$30.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,733.6	+0.147%	$15.6M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,730.5	+0.031%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.2	−0.015%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.7	+0.002%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.7	+0.076%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.4	+0.029%	$31.6M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.3	−0.012%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.3	+0.024%	$2.8M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.6	+0.001%	$3.34B	$8.82B	200x	as long as short
Bitget ETHUSDTlong	+0.0100%	8h	2,729.6	long leg	$2.07B	$2.75B	150x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,728.8	−0.029%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728.4	−0.045%	$133.1M	$325.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.8	+0.043%	$183.7M	$669.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.7	+0.038%	$158.9M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.4	+0.029%	$21.1M	$69.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.5	+0.031%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.2	+0.058%	$11.1M	$9.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,730.4	+0.028%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,727.9	−0.063%	$956K	$11.4M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,729	−0.022%	$265.3M	$65.4M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.9	+0.047%	$166.8M	$318.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729	−0.024%	$30.4M	$72.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730	+0.012%	$51.7M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0120%	1h	2,731.8	+0.078%	$30K	$20K	20x	as long as short
Kalshi KXETHPERPshort	+0.0152%	8h	2,728.5	−0.041%	$6.4M	$677.4M	4.9x
Orderly PERP_ETH_USDC	+0.0193%	8h	2,731.3	+0.061%	$32.1M	$11.6M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,729.2	−0.015%	$84.2M	$314.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0222%	1h	2,728.9	−0.025%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,730.5	+0.033%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0333%	8h	2,728.7	−0.033%	$284.6M	$174.8M	150x	as long as short
Bluefin ETH-PERP	+0.0413%	1h	2,729.6	−0.002%	$21K	$20K	25x	as long as short