After costs, if the gap returns to its 7d average, $10k−$23
spread now−0.022%7d average−0.025%fees + slippage, in and out−$23spread needed0.228%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETH-PERP-INTX | 2,748.5 | 0.0088 | pay 0.0011% / 1h | 47m 03s | $60.7M | $4.80B | 50x |
| Short | Kraken Futures PF_ETHUSD | 2,747.9 | 0.0349 | get 0.0044% / 1h | 47m 03s | $85.7M | $314.2M | 100x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$2.25
- Funding while held
- $7.84
- Slippage, 4 orders
- −$2.81
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$17.22
- Spread needed to break even
- 0.228%
Slippage from Coinbase International: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0261%
- Per $10,000 a day
- +$7.84
- Average in range /8h
- —
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 Coinbase International live order book, 4 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 8.8 bp −$876 | 39.4 bp −$19.7K |
| Sell Kraken Futures live order book, 4 min ago | 1.27 bp | 6.3 bp −$6 | 6.8 bp −$68 | 8.7 bp −$873 | 14.3 bp −$7,141 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk ETH-USD | −0.331% | +0.0100% | 1h | $152.2M | $277.4M | 25x | as long as short |
| Perpl ETH | −0.230% | 0.0000% | 43m | $416K | $5.8M | 8.3x | as long as short |
| Pacifica ETH | −0.218% | +0.0100% | 1h | $31.2M | $202.9M | 50x | as long as short |
| dYdX ETH-USD | −0.214% | +0.0132% | 1h | $20.2M | $28.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | −0.211% | +0.0100% | 1h | $3.1M | $13.6M | 25x | as long as short |
| Katana Perps ETH-USD | −0.203% | +0.0100% | 8h | $491K | $2.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | −0.184% | L +0.0096% / S +0.0048% | 1h | — | $46.2M | 500x | as long as short |
| RISEx ETH/USDC | −0.175% | +0.0171% | 1h | $5.9M | $13.5M | 25x | as long as short |
| Arcus ETH-USD | −0.166% | +0.0100% | 1h | $2.5M | $15.1M | 25x | as long as short |
| Aevo ETH-PERP | −0.151% | +0.0096% | 1h | $5.0M | $752K | 20x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado ETH-PERP | −0.150% | +0.0100% | 1h | $17.8M | $112.7M | 50x | as long as short |
| 01 Exchange ETHUSD | −0.138% | +0.0048% | 1h | $188K | $1.1M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.132% | +0.0245% | 1h | $29K | $27K | 20x | as long as short |
| Variational Omni ETH | −0.127% | +0.0100% | 8h | $155.0M | $302.2M | — | as long as short |
| SunX ETH-USDT | −0.118% | +0.0100% | 8h | $945K | $14.5M | 100x | as long as short |
| Kalshi KXETHPERP | −0.116% | 0.0000% | 8h | $5.9M | $523.1M | 4.9x | as long as short |
| OKX ETH-USDT-SWAP | −0.114% | +0.0018% | 8h | $1.72B | $11.01B | 100x | as long as short |
| Reya ETHRUSDPERP | −0.103% | +0.0154% | 1h | $7.3M | $964K | 25x | as long as short |
| Bullet ETH-USD | −0.102% | +0.0010% | 1h | $184K | $1.9M | 20x | as long as short |
| Vest ETH-PERP | −0.097% | +0.0100% | 1h | — | $1.2M | 50x | as long as short |
| Hotstuff ETH-PERP | −0.094% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Polymarket Perps ETH-USD | −0.094% | +0.0100% | 1h | $10.7M | $5.2M | 50x | as long as short |
| Extended ETH-USD | −0.094% | +0.0104% | 1h | $32.6M | $75.0M | 50x | as long as short |
| HTX ETH-USDT | −0.090% | +0.0100% | 8h | $1.09B | $1.19B | 200x | as long as short |
| Paradex ETH-USD-PERP | −0.087% | +0.0100% | 8h | $14.5M | $11.3M | 50x | as long as short |
| Bybit ETHUSDT | −0.084% | +0.0100% | 8h | $2.50B | $4.39B | 150x | as long as short |
| Binance ETHUSDT | −0.078% | +0.0100% | 8h | $6.56B | $15.21B | 150x | as long as short |
| BloFin ETH-USDT | −0.074% | +0.0220% | 8h | $294.7M | $173.5M | 150x | as long as short |
| Phemex ETHUSDT | −0.072% | +0.0038% | 8h | $265.5M | $66.5M | 150x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.069% | L +0.0018% / S +0.0014% | 1h | $11.9M | — | 200x | as long as short |
| Aster ETHUSDT | −0.068% | +0.0100% | 8h | $269.4M | $840.2M | 200x | as long as short |
| Gate ETH_USDT | −0.068% | −0.0039% | 8h | $3.74B | $8.51B | 200x | as long as short |
| StandX ETH-USD | −0.065% | +0.0100% | 1h | $21.0M | $51.6M | 40x | as long as short |
| Bitget ETHUSDT | −0.064% | +0.0074% | 8h | $2.13B | $3.07B | 150x | as long as short |
| BingX ETH-USDC | −0.062% | +0.0100% | 8h | — | $16.0M | — | as long as short |
| MEXC ETH_USDT | −0.059% | +0.0100% | 8h | $1.54B | $2.42B | 500x | as long as short |
| gTrade (Gains Network) ETH/USD | −0.058% | L +0.0006% / S −0.0006% | 1h | $22.2M | — | 200x | as long as short |
| Backpack ETH_USDC_PERP | −0.051% | +0.0100% | 1h | $15.0M | $39.6M | 50x | as long as short |
| SoDEX ETH-USD | −0.047% | +0.0015% | 1h | $55.4M | $161.5M | 40x | as long as short |
| Bluefin ETH-PERP | −0.044% | +0.0100% | 1h | $20K | $24K | 25x | as long as short |
| Injective ETH/USDC PERP | −0.043% | +0.0067% | 1h | $118K | $22.5M | 52x | as long as short |
| Lighter ETH | −0.036% | +0.0096% | 1h | $119.2M | $489.6M | 50x | as long as short |
| KuCoin ETHUSDTM | −0.033% | +0.0100% | 8h | $387.2M | $675.6M | 100x | as long as short |
| edgeX ETHUSDC | −0.033% | +0.0100% | 4h | $176.6M | $738.2M | 100x | as long as short |
| ApeX Omni ETHUSDT | −0.032% | +0.0067% | 1h | $7.7M | $27.7M | 100x | as long as short |
| Kraken Futures PF_ETHUSDshort | −0.022% | +0.0349% | 1h | $85.7M | $314.2M | 100x | |
| Deribit ETH-PERPETUAL | −0.008% | +0.0074% | 1h | $260.5M | $212.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTXlong | 0.000% | +0.0088% | 1h | $60.7M | $4.80B | 50x | |
| Phoenix ETH | 0.000% | +0.0050% | 1h | $1.4M | $2.4M | 25x | as long as short |
| Lighter RH ETH | +0.006% | +0.0096% | 1h | $25.5M | $116.4M | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.021% | +0.0214% | 8h | $32.2M | $10.9M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.026% | +0.0200% | 1h | $289K | $1.3M | 20x | as long as short |
| Hyperliquid ETH | +0.061% | +0.0178% | 1h | $3.23B | $2.13B | 25x | as long as short |
| Derive ETH-PERP | +0.118% | +0.0534% | 1h | $43.4M | $26.1M | 15x | as long as short |
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Bulk
Pacifica
Katana Perps
RISEx
Variational Omni
SunX
OKX
Bullet
Polymarket Perps
Extended
HTX
Paradex
Bybit
Binance
BloFin
Phemex
GMX
Aster
Gate
StandX
Bitget
BingX
MEXC
gTrade (Gains Network)
Backpack
SoDEX
Bluefin
Injective
Lighter
KuCoin
ApeX Omni
Deribit
Phoenix
Lighter RH
Hyperliquid
Derive