Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.026%
Price spread now: BingX against Kraken Futures−0.010%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Long on Kraken FuturesShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.127%−$13 on $10k
Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.010%, 7d avg −0.013%
Together, before fees−0.106%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,733.50.0210pay 0.0026% / 1h6m 06s$82.2M$309.8M100x
ShortBingX ETH-USDT2,733.30.0022get 0.0022% / 8h1h 06m—$1.10B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$39.56
Price spread: −0.010% → −0.013%
$0.2
Slippage, 4 orders
−$1.59
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$60.94
Costs to cover
0.216%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago0.18 bp5.5 bp −$66.8 bp −$688.7 bp −$87411.7 bp −$5,835
Sell BingX live order book, 3 min ago0.04 bp5.0 bp −$55.0 bp −$505.0 bp −$5046.3 bp −$3,164

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
Hotstuff ETH-PERP−0.0080%1h2,734.8+0.046%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.024%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.038%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1−0.016%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,734.1+0.018%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,734.6+0.039%$6.6M$682.7M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.056%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.1+0.019%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.8+0.009%$33.0M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,734.9+0.050%$192K$890K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDTshort+0.0022%8h2,733.3−0.010%—$1.10B—
ApeX Omni ETHUSDT+0.0025%1h2,731.9−0.059%$8.6M$31.5M100xas long as short
Bybit ETHUSDT+0.0027%8h2,732.9−0.024%$2.34B$4.38B150xas long as short
HTX ETH-USDT+0.0029%8h2,732.9−0.025%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,733.5−0.001%$380.7M$576.9M100xas long as short
SoDEX ETH-USD+0.0073%1h2,732.9−0.024%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,733.3−0.010%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,733.2−0.013%$253.1M$846.6M200xas long as short
Phemex ETHUSDT+0.0091%8h2,733.1−0.017%$263.1M$64.6M150xas long as short
Bullet ETH-USD+0.0091%1h2,733.1−0.016%$188K$1.7M20xas long as short
MEXC ETH_USDT+0.0094%8h2,733.1−0.017%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.1−0.017%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.8+0.009%$112.8M$439.0M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.052%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.5−0.111%$4.9M$171K20xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,733.7+0.005%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.8+0.009%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.9+0.195%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,734+0.018%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.7+0.079%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,735.2+0.062%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9+0.013%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.9+0.049%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.064%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.4−0.007%$3.31B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.3−0.010%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.1−0.016%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.085%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.3−0.081%$185.7M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6−0.034%$158.8M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,734.1+0.020%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.3+0.066%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.4+0.068%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.9+0.013%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.086%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.4−0.005%$959K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731.9−0.060%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,734.7+0.042%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.028%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,734.9+0.050%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,733.2−0.012%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,735.7+0.078%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,733−0.020%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSDlong+0.0210%1h2,733.5long leg$82.2M$309.8M100x
BloFin ETH-USDT+0.0380%8h2,734.4+0.031%$281.2M$175.8M150xas long as short