ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0107%/8h= −11.7% APRnext payment −$1.07 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against Kalshi+0.092%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.119%−$12 · spread now +0.092%, 7d avg +0.005%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.087% dearer against Kalshi than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.005%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,750.6	0.0135	pay 0.0135% / 8h	2h 43m	$7.7M	$674.1M	4.9x
Short	BingX ETH-USDT	2,753.1	0.0028	get 0.0028% / 8h	6h 43m	—	$1.20B	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kalshi. 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 KalshibpFee BingXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$22.51
Price spread: +0.092% → +0.005%: $8.66
Slippage, 4 orders: −$1.41
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.26
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; BingX: live order book, 10 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 Kalshi live order book, 5 min ago	0.18 bp	5.7 bp −$6	7.8 bp −$78	11.6 bp −$1,164	18.6 bp −$9,288
Sell BingX live order book, 10 min ago	0.04 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$504	6.4 bp −$3,178

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	2,750.7	+0.004%	$314K	$6.1M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0149%	1h	2,751	+0.013%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.8	−0.029%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.3	−0.010%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.9	+0.048%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,749.7	−0.033%	$863K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,750.1	−0.017%	$10.9M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,752.7	+0.076%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,751.4	+0.029%	$181K	$1.1M	50x	as long as short
BingX ETH-USDTshort	+0.0028%	8h	2,753.1	+0.092%	—	$1.20B	—

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0037%	8h	2,753.3	+0.100%	$1.69B	$11.12B	100x	as long as short
Aster ETHUSDT	+0.0054%	8h	2,752.4	+0.067%	$256.0M	$857.3M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0055%	1h	2,753.9	+0.119%	$258.4M	$202.7M	50x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,752	+0.051%	$1.07B	$1.22B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,750.2	−0.016%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0065%	8h	2,752.1	+0.055%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,753	+0.085%	$6.36B	$16.33B	150x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,753	+0.087%	$3.37B	$8.76B	200x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,752.2	+0.060%	$383.1M	$606.6M	100x	as long as short
Bitget ETHUSDT	+0.0085%	8h	2,753.6	+0.108%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,753.9	+0.118%	$59.6M	$4.40B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,752.9	+0.083%	$113.3M	$439.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,754.5	+0.141%	$25.0M	$106.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749.1	−0.054%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0098%	1h	2,751	+0.015%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,752.2	+0.058%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749.9	−0.025%	$469K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.3	+0.026%	$14.0M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,755.3	+0.171%	$3.13B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,750	−0.021%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,753.4	+0.101%	$2.48B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,749	−0.058%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,750.7	+0.004%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.028%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,752.2	+0.057%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,750	−0.022%	$133.2M	$346.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,750.8	+0.008%	$184.4M	$736.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,753.1	+0.091%	$160.1M	$82.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,749	−0.058%	$21.3M	$66.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,751.2	+0.020%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.4	−0.007%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,751.4	+0.029%	$184K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,752.8	+0.079%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,754.6	+0.146%	$42.0M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.8	−0.065%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,752.8	+0.080%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,752.7	+0.076%	$267.8M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,751.5	+0.032%	$30.9M	$74.9M	50x	as long as short
Kalshi KXETHPERPlong	+0.0135%	8h	2,750.6	long leg	$7.7M	$674.1M	4.9x
Orderly PERP_ETH_USDC	+0.0162%	8h	2,755.2	+0.166%	$32.4M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,749.1	−0.054%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.081%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,747.6	−0.109%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,750	−0.024%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0353%	1h	2,753.8	+0.115%	$93.0M	$316.0M	100x	as long as short