ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.61 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Kalshi−0.015%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

costs, in and out, $10k−$240.245% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.015%, 7d avg +0.009%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against Kalshi than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,740.7	0.0136	pay 0.0136% / 8h	2h 40m	$7.8M	$674.6M	4.9x
Short	KuCoin ETHUSDTM	2,740.3	0.0075	get 0.0075% / 8h	6h 40m	$379.3M	$608.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$12.73
Price spread: −0.015% → +0.009%: −$2.35
Slippage, 4 orders: −$2.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.58
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.36 bp	5.4 bp −$5	7.2 bp −$72	11.4 bp −$1,136	17.6 bp −$8,797
Sell KuCoin live order book, 4 min ago	0.02 bp	7.3 bp −$7	9.0 bp −$90	11.6 bp −$1,155	doesn't fit

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	2,737.7	−0.109%	$310K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,739.6	−0.040%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,739.2	−0.056%	$5.5M	$11.3M	25x	as long as short
ApeX Omni ETHUSDT	−0.0055%	1h	2,752	+0.412%	$8.8M	$31.7M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,737.6	−0.113%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,746.7	+0.219%	$863K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,739.2	−0.054%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,738.2	−0.091%	$22.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,738.2	−0.091%	$180K	$1.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0024%	1h	2,741.9	+0.043%	$258.6M	$202.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0029%	8h	2,740.4	−0.010%	—	$1.20B	—	as long as short
OKX ETH-USDT-SWAP	+0.0039%	8h	2,740	−0.026%	$1.67B	$11.12B	100x	as long as short
HTX ETH-USDT	+0.0049%	8h	2,739.7	−0.038%	$1.06B	$1.23B	200x	as long as short
Gate ETH_USDT	+0.0050%	8h	2,740.4	−0.012%	$3.34B	$8.79B	200x	as long as short
Aster ETHUSDT	+0.0054%	8h	2,739.4	−0.048%	$255.0M	$864.4M	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,738.8	−0.069%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,740.7	0.000%	$1.54B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0067%	8h	2,739.6	−0.041%	$6.33B	$16.38B	150x	as long as short
KuCoin ETHUSDTMshort	+0.0075%	8h	2,740.3	−0.015%	$379.3M	$608.6M	100x
Bitget ETHUSDT	+0.0087%	8h	2,739.9	−0.030%	$2.07B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,742.1	+0.050%	$58.9M	$4.39B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,741.1	+0.013%	$112.6M	$440.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,742.5	+0.066%	$24.7M	$106.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,741.9	+0.043%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0097%	1h	2,747.7	+0.255%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,742.1	+0.051%	$15.8M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.5	−0.080%	$466K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.5	−0.080%	$14.0M	$113.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742.4	+0.062%	$3.12B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.3	−0.015%	$31.4M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,739.8	−0.035%	$2.45B	$4.38B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,738.1	−0.095%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.9	−0.031%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.390%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.6	−0.039%	$14.9M	$41.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,742.6	+0.071%	$132.9M	$346.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,751.3	+0.387%	$184.4M	$722.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,748.2	+0.273%	$159.8M	$83.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,744.8	+0.150%	$21.2M	$66.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.8	−0.032%	—	$872K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,737.2	−0.128%	$10.3M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,737.2	−0.128%	$182K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.1	−0.059%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.2	+0.019%	$41.7M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,737.5	−0.116%	$960K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,739.9	−0.029%	$54.6M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,740.5	−0.008%	$266.5M	$66.5M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,739	−0.061%	$30.7M	$74.9M	50x	as long as short
Kalshi KXETHPERPlong	+0.0136%	8h	2,740.7	long leg	$7.8M	$674.6M	4.9x
Orderly PERP_ETH_USDC	+0.0163%	8h	2,741.4	+0.026%	$32.2M	$11.3M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.443%	$285.0M	$179.1M	150x	as long as short
Hibachi ETH/USDT-P	+0.0184%	1h	2,744.8	+0.151%	$250K	$1.5M	20x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,743.3	+0.095%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,737	−0.136%	$7.2M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0355%	1h	2,741.9	+0.042%	$92.4M	$317.1M	100x	as long as short