ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.028%

Price spread now: ApeX Omni against Kraken Futures−0.088%45s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.088%, 7d avg −0.012%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHUSD	2,731.2	0.0211	pay 0.0026% / 1h	59m 37s	$82.2M	$309.8M	100x
Short	ApeX Omni ETHUSDT	2,728.8	0.0012	get 0.0002% / 1h	59m 37s	$8.6M	$31.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.088%Rate

Funding earned: −$41.6
Price spread: −0.088% → −0.012%: −$7.61
Slippage, 4 orders: −$0.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.09
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Kraken Futures live order book, 5 min ago	0.18 bp	5.2 bp −$5	7.0 bp −$70	8.6 bp −$861	11.8 bp −$5,878
Sell ApeX Omni live order book, 5 min ago	0.07 bp	5.1 bp −$5	6.5 bp −$65	21.9 bp −$2,188	74.8 bp −$37.4K

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	2,729.9	−0.049%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.109%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.4	+0.006%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,730	−0.045%	$812K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.8	−0.053%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,730.6	−0.023%	$6.6M	$682.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,730.2	−0.038%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.8	+0.020%	$262.5M	$213.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.4	+0.007%	$33.0M	—	200x	as long as short
ApeX Omni ETHUSDTshort	+0.0012%	1h	2,728.8	−0.088%	$8.6M	$31.6M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0022%	8h	2,729.4	−0.066%	—	$1.10B	—	as long as short
Bybit ETHUSDT	+0.0025%	8h	2,729.4	−0.069%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0030%	8h	2,730.7	−0.021%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,730.2	−0.038%	$191K	$890K	50x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,729.8	−0.052%	$385.7M	$577.4M	100x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,730.8	−0.016%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,729.4	−0.068%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,729.6	−0.060%	$252.9M	$847.7M	200x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,729.5	−0.064%	$1.54B	$2.55B	500x	as long as short
Bullet ETH-USD	+0.0093%	1h	2,731	−0.008%	$187K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,729.5	−0.064%	$6.33B	$16.12B	150x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,731.1	−0.006%	$263.0M	$64.4M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.1	−0.043%	$112.6M	$428.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.4	+0.007%	$23.5M	$103.6M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.1	−0.115%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.5	−0.063%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,733.9	+0.096%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.9	−0.086%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.7	+0.017%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.5	−0.027%	$32.2M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.1	−0.078%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.3	−0.033%	$1.5M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.7	−0.056%	$3.30B	$8.83B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.5	−0.062%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.5	−0.026%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728	−0.119%	$134.0M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,728.7	−0.092%	$185.5M	$683.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729.2	−0.074%	$158.6M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.8	−0.016%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,731.8	+0.020%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732.2	+0.035%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.1	−0.006%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.051%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.5	−0.063%	$956K	$10.9M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729	−0.083%	$162.7M	$352.6M	25x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,731.8	+0.021%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.7	−0.094%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.4	−0.066%	—	$30.5M	500x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	2,729.7	−0.055%	$243K	$1.4M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,732	+0.026%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,731.1	−0.004%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,733.1	+0.067%	$32.2M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,730	−0.046%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0211%	1h	2,731.2	long leg	$82.2M	$309.8M	100x
BloFin ETH-USDT	+0.0222%	8h	2,729	−0.084%	$281.1M	$177.2M	150x	as long as short