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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.002%
Price spread now: KuCoin against Katana Perps+0.003%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.056%−$6 on $10k
Price spread, last 7 days+0.050%+$5 · spread now +0.003%, 7d avg +0.039%
Together, before fees−0.006%−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.036% cheaper against Katana Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,735.70.0100pay 0.0100% / 8h2h 04m$509K$3.5M50x
ShortKuCoin ETHUSDTM2,735.80.0080get 0.0080% / 8h2h 04m$376.0M$577.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Katana Perps. 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

Funding earned
−$4.16
Price spread: +0.003% → +0.039%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$23.58
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell KuCoin live order book, 5 min ago0.02 bp6.5 bp −$68.4 bp −$8411.2 bp −$1,122doesn't fit
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,735.6−0.004%$292K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.5+0.029%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.3+0.023%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736.5+0.029%$817K$3.0M25xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,736.3+0.022%$259.3M$209.6M50xas long as short
dYdX ETH-USD+0.0005%1h2,736+0.012%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.4+0.024%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4−0.011%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0011%8h2,735−0.025%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0036%8h2,735.2−0.018%—$1.12B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0044%8h2,734.3−0.050%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,736.7+0.037%$190K$880K50xas long as short
KuCoin ETHUSDTMshort+0.0080%8h2,735.8+0.003%$376.0M$577.9M100x
Bullet ETH-USD+0.0083%1h2,736+0.009%$184K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,736.1+0.016%$30K$20K20xas long as short
SunX ETH-USDT+0.0095%8h2,735.3−0.016%$958K$11.1M100xas long as short
Lighter ETH+0.0096%1h2,735.6−0.005%$112.6M$438.3M50xas long as short
Lighter RH ETH+0.0096%1h2,736.9+0.044%$23.5M$104.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,733.1−0.097%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0098%8h2,734.2−0.054%$1.66B$10.94B100xas long as short
Aster ETHUSDT+0.0099%8h2,735.1−0.021%$253.1M$848.2M200xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,735.7long leg$509K$3.5M50x
Paradex ETH-USD-PERP+0.0100%8h2,740+0.159%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.7−0.001%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.8+0.077%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.7+0.035%$32.1M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,735−0.027%$6.34B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,735.3−0.015%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,736.5+0.030%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.2−0.018%$3.28B$9.09B200xas long as short
MEXC ETH_USDT+0.0100%8h2,735.4−0.013%$1.53B$2.61B500xas long as short
Bitget ETHUSDT+0.0100%8h2,734.6−0.039%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.2−0.019%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,737.1+0.052%$135.0M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,736.2+0.019%$185.6M$682.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.1+0.088%$159.3M$87.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,736.7+0.035%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,737.6+0.069%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.5+0.066%—$878K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.3+0.058%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,736.4+0.024%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.2+0.054%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,735.1−0.022%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,735.5−0.007%$263.8M$65.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,735.9+0.008%$162.8M$321.5M25xas long as short
Extended ETH-USD+0.0104%1h2,734.7−0.037%$30.3M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,736.8+0.040%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,736.3+0.022%$50.2M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,736.7+0.037%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0133%8h2,735.70.000%$6.8M$693.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0175%1h2,735.8+0.003%$83.6M$311.4M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,737.9+0.081%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0197%1h2,735−0.026%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,738.1+0.088%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,736.6+0.034%$280.1M$175.4M150xas long as short