ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h −0.014%

Price spread now: OKX against Kalshi−0.059%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.059%, 7d avg +0.003%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.062% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.003%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.031% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXETHPERP	2,740.3	0	get 0.0000% / 8h	7h 45m	$6.6M	$681.2M	4.9x
Short	OKX ETH-USDT-SWAP	2,738.7	0.0075	get 0.0075% / 8h	3h 45m	$1.67B	$10.75B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $15.74
Price spread: −0.059% → +0.003%: −$6.22
Slippage, 4 orders: −$1.69
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.17
Costs to cover: 0.217%
Break-even: 12.4 days

Slippage from Kalshi: live order book, 4 min ago; OKX: 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	0.18 bp	5.9 bp −$6	7.5 bp −$75	10.9 bp −$1,087	18.2 bp −$9,101
Sell OKX live order book, 4 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$502	6.7 bp −$3,342

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	2,739	−0.048%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,740.5	+0.007%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,740.3	−0.001%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,740.2	−0.004%	$819K	$2.9M	25x	as long as short
Kalshi KXETHPERPlong	0.0000%	8h	2,740.3	long leg	$6.6M	$681.2M	4.9x
dYdX ETH-USD	0.0000%	1h	2,740	−0.009%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,740.4	+0.004%	$28.1M	—	200x	as long as short
HTX ETH-USDT	+0.0015%	8h	2,739.2	−0.039%	$1.06B	$1.20B	200x	as long as short
Bullet ETH-USD	+0.0029%	1h	2,739.8	−0.018%	$181K	$1.7M	20x	as long as short
BingX ETH-USDT	+0.0036%	8h	2,738.8	−0.054%	—	$1.15B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0042%	8h	2,738.6	−0.064%	$2.37B	$4.37B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,739.6	−0.026%	$187K	$816K	50x	as long as short
ApeX Omni ETHUSDT	+0.0067%	1h	2,739.1	−0.046%	$8.7M	$31.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,740.2	−0.005%	$380.6M	$574.2M	100x	as long as short
Phemex ETHUSDT	+0.0072%	8h	2,740.2	−0.005%	$265.8M	$65.3M	150x	as long as short
OKX ETH-USDT-SWAPshort	+0.0075%	8h	2,738.7	−0.059%	$1.67B	$10.75B	100x
Aster ETHUSDT	+0.0089%	8h	2,739.3	−0.035%	$251.8M	$842.8M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,739.8	−0.018%	$113.1M	$431.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.9	+0.022%	$23.5M	$103.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,739	−0.049%	—	$31.0M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,738.7	−0.058%	$1.55B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,737.9	−0.087%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,737.1	−0.117%	$117K	$22.5M	52x	as long as short
Binance ETHUSDT	+0.0096%	8h	2,738.9	−0.050%	$6.36B	$15.90B	150x	as long as short
SoDEX ETH-USD	+0.0098%	1h	2,740.1	−0.007%	$54.6M	$187.7M	40x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,743.7	+0.124%	$15.7M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.7	−0.058%	$504K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739	−0.049%	$13.7M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741	+0.026%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.1	−0.007%	$31.9M	$334.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,738.7	−0.058%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.5	−0.030%	$1.5M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,739.7	−0.023%	$171.0M	$325.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.8	−0.056%	$3.34B	$8.86B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,738.8	−0.057%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.7	−0.021%	$15.2M	$40.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.1	−0.042%	$133.8M	$322.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739	−0.048%	$184.2M	$671.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,737.2	−0.114%	$159.2M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.2	−0.004%	$21.1M	$69.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.1	−0.006%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.3	0.000%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,740.1	−0.009%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,742.1	+0.067%	$41.4M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.3	−0.073%	$960K	$11.3M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.9	−0.088%	$30.6M	$72.8M	50x	as long as short
Aftermath Perps ETHUSD	+0.0105%	1h	2,739.4	−0.032%	$30K	$20K	20x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,739.5	−0.029%	$5.6M	$11.7M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,741.5	+0.043%	$259.4M	$199.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,741.1	+0.029%	$51.1M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,740.8	+0.020%	$83.6M	$314.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0201%	8h	2,742.1	+0.065%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0213%	1h	2,738	−0.084%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,740.9	+0.021%	$246K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0386%	8h	2,739.1	−0.044%	$282.5M	$175.7M	150x	as long as short