Settings8H · net · $10k
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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 04:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.015%
Price spread now: Kalshi against Bybit+0.061%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−$220.216% of the position
Long on BybitShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.061%, 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 +$2 a day on $10k at the current rate, and Kalshi is 0.067% dearer against Bybit 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
LongBybit ETHUSDT2,7390.0100pay 0.0100% / 8h5h 05m$2.45B$4.17B150x
ShortKalshi KXETHPERP2,740.70.0159get 0.0159% / 8h1h 05m$7.7M$670.8M4.9x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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
$12.37
Price spread: +0.061% → −0.006%
$6.69
Slippage, 4 orders
−$0.57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$2.51
Costs to cover
0.216%
Break-even
8.4 days
Slippage from Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago0.02 bp5.5 bp −$65.5 bp −$556.2 bp −$6168.4 bp −$4,216
Sell Kalshi live order book, 3 min ago0.18 bp5.3 bp −$57.0 bp −$7010.5 bp −$1,04716.1 bp −$8,025

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
Hotstuff ETH-PERP−0.0080%1h2,739.7+0.024%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.126%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.2+0.041%$12.0M—200xas long as short
Perpl ETH0.0000%43m2,739.8+0.026%$304K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,740.6+0.058%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,740.3+0.046%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,744.6+0.203%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,739.7+0.024%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,743.4+0.158%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,738.9−0.005%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,738.9−0.004%$1.70B$10.54B100xas long as short
Bullet ETH-USD+0.0071%1h2,739.7+0.024%$181K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,739.1+0.003%$381.4M$574.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,739.8+0.028%$5.6M$11.4M25xas long as short
SoDEX ETH-USD+0.0080%1h2,739.9+0.031%$54.6M$187.5M40xas long as short
Aster ETHUSDT+0.0085%8h2,739.7+0.024%$253.5M$840.7M200xas long as short
MEXC ETH_USDT+0.0093%8h2,739.1+0.002%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,739−0.001%$6.37B$15.69B150xas long as short
Lighter ETH+0.0096%1h2,740.5+0.053%$112.5M$436.3M50xas long as short
Lighter RH ETH+0.0096%1h2,741.7+0.095%$24.6M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,740.7+0.061%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.9−0.080%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.8+0.101%$54.4M$4.25B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,743.5+0.161%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.7+0.024%$472K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,739−0.001%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.3+0.119%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.4+0.049%$31.7M$333.8M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,739long leg$2.45B$4.17B150x
Ondo Perps ETH-USD.P+0.0100%1h2,739.7+0.024%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740+0.034%$2.8M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.275%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.3+0.010%$3.39B$8.79B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.3+0.009%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.9+0.031%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,739.1+0.001%$133.1M$325.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.3+0.154%$182.3M$665.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.170%$159.5M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,742.8+0.137%$21.2M$68.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.7+0.061%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.4+0.050%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,741.8+0.099%$41.5M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.6−0.015%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,739.4+0.014%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.7+0.060%$266.4M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,738.7−0.013%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0135%1h2,743.8+0.173%$30K$20K20xas long as short
Kalshi KXETHPERPshort+0.0159%8h2,740.7+0.061%$7.7M$670.8M4.9x
Deribit ETH-PERPETUAL+0.0170%1h2,741.7+0.098%$260.0M$195.3M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,742.1+0.112%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0214%8h2,741.6+0.094%$284.7M$179.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.083%$86.4M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,738.8−0.010%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.6+0.130%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0318%1h2,740.4+0.049%$21K$20K25xas long as short