ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.014%

Price spread now: Kraken Futures against dYdX−0.004%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.004%, 7d avg −0.010%

Together, before fees−0.325%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. 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	dYdX ETH-USD	2,742	0.0000	pay 0.0000% / 1h	7m 24s	$10.8M	$41.7M	50x
Short	Kraken Futures PF_ETHUSD	2,741.9	0.0221	get 0.0028% / 1h	7m 24s	$86.4M	$310.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.004%Rate

Funding earned: $46.48
Price spread: −0.004% → −0.010%: $0.6
Slippage, 4 orders: −$19.51
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.56
Costs to cover: 0.395%
Break-even: 5.9 days

Slippage from dYdX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 dYdX live order book, 2 min ago	9.11 bp	14.1 bp −$14	14.1 bp −$141	18.8 bp −$1,880	43.5 bp −$21.7K
Sell Kraken Futures live order book, 2 min ago	0.18 bp	5.7 bp −$6	7.2 bp −$72	9.0 bp −$901	12.1 bp −$6,054

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
Hotstuff ETH-PERP	−0.0080%	1h	2,742.9	+0.031%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,735.6	−0.235%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,742.2	+0.005%	$12.1M	—	200x	as long as short
Perpl ETH	0.0000%	43m	2,742.6	+0.019%	$304K	$5.6M	8.3x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,742	long leg	$10.8M	$41.7M	50x
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,742.3	+0.009%	$25.3M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,744.6	+0.093%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,742.2	+0.006%	$182K	$836K	50x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	2,743.4	+0.049%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDC	+0.0054%	8h	2,741.4	−0.024%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0068%	8h	2,741.7	−0.012%	$1.70B	$10.54B	100x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,741.4	−0.025%	$381.8M	$575.2M	100x	as long as short
Bullet ETH-USD	+0.0072%	1h	2,741.6	−0.015%	$182K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,742.3	+0.010%	$5.6M	$11.4M	25x	as long as short
SoDEX ETH-USD	+0.0083%	1h	2,740.8	−0.045%	$54.6M	$187.5M	40x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,741.7	−0.011%	$253.7M	$840.7M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,741.3	−0.025%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,741.7	−0.012%	$6.37B	$15.68B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,742.1	+0.001%	$112.6M	$436.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743.2	+0.041%	$24.6M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,741.9	−0.004%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,738.6	−0.124%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,742.4	+0.013%	$54.4M	$4.25B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,745.4	+0.122%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,741.9	−0.005%	$474K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,741.6	−0.015%	$13.9M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,743.6	+0.057%	$3.12B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,742.4	+0.013%	$31.7M	$333.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,741.8	−0.010%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,741.7	−0.012%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,742.2	+0.007%	$2.8M	$16.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.6	+0.165%	$165.7M	$303.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742	−0.003%	$3.39B	$8.78B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.7	−0.013%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.5	+0.016%	$15.0M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,743.1	+0.039%	$133.1M	$325.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.3	+0.045%	$182.3M	$665.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.7	+0.061%	$159.5M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,743.8	+0.064%	$21.2M	$68.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,742.5	+0.018%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,742.9	+0.031%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743.3	+0.044%	$41.5M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.1	−0.036%	$960K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,743.1	+0.040%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,743.5	+0.052%	$266.6M	$64.9M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.3	−0.063%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0135%	1h	2,744.5	+0.088%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,743.8	+0.064%	$7.7M	$671.0M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0162%	1h	2,742.5	+0.018%	$260.0M	$195.4M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,744	+0.072%	$32.3M	$11.4M	100x	as long as short
BloFin ETH-USDT	+0.0215%	8h	2,743.2	+0.044%	$284.9M	$179.7M	150x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0221%	1h	2,741.9	−0.004%	$86.4M	$310.0M	100x
Reya ETHRUSDPERP	+0.0227%	1h	2,740.7	−0.049%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,744.1	+0.074%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0332%	1h	2,742.3	+0.010%	$21K	$20K	25x	as long as short