ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: Bluefin against Kraken Futures+0.043%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bluefin is 0.043% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	2,724.3	0.0060	pay 0.0008% / 1h	36m 29s	$82.0M	$309.7M	100x
Short	Bluefin ETH-PERP	2,725.5	0.0100	get 0.0013% / 1h	36m 29s	$22K	$20K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $8.39
Price spread: +0.043% → 0.000%: $4.27
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$4.34
Costs to cover: 0.170%
Break-even: 10.6 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; Bluefin: no order-book sample. Net counts fees only.

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, 3 min ago	0.18 bp	5.6 bp −$6	6.1 bp −$61	7.7 bp −$767	11.4 bp −$5,700
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,724.1	−0.011%	$285K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0183%	8h	2,723.9	−0.017%	$280.3M	$177.6M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724.8	+0.017%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,732.8	+0.310%	$811K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,725.5	+0.043%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,725	+0.024%	$10.5M	$42.5M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725.5	+0.042%	$6.4M	$681.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.9	+0.021%	$262.6M	$212.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.6	+0.047%	$32.9M	—	200x	as long as short
BingX ETH-USDC	+0.0019%	8h	2,724.5	+0.005%	—	$18.6M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0023%	8h	2,724.9	+0.021%	$2.32B	$4.36B	150x	as long as short
HTX ETH-USDT	+0.0027%	8h	2,723.8	−0.019%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,724.2	−0.005%	$191K	$890K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,726.3	+0.072%	$117K	$20.2M	52x	as long as short
ApeX Omni ETHUSDT	+0.0052%	1h	2,731	+0.244%	$8.5M	$31.6M	100x	as long as short
Kraken Futures PF_ETHUSDlong	+0.0060%	1h	2,724.3	long leg	$82.0M	$309.7M	100x
Hibachi ETH/USDT-P	+0.0064%	1h	2,727.1	+0.102%	$240K	$1.4M	20x	as long as short
KuCoin ETHUSDTM	+0.0072%	8h	2,723.7	−0.024%	$383.3M	$577.9M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,725.3	+0.036%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0077%	8h	2,725.1	+0.029%	$252.4M	$849.5M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,722.4	−0.070%	$4.9M	$185K	20x	as long as short
SoDEX ETH-USD	+0.0088%	1h	2,724	−0.013%	$54.2M	$187.2M	40x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,725.1	+0.028%	$6.31B	$16.16B	150x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,724.7	+0.013%	$1.55B	$2.56B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,724.9	+0.020%	$112.2M	$430.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.8	+0.052%	$23.4M	$102.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0098%	1h	2,728.4	+0.150%	$30K	$20K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.7	−0.024%	$498K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.2	+0.104%	$15.3M	$7.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724	−0.011%	$14.1M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727.4	+0.112%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,725.1	+0.029%	$31.9M	$333.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,724.7	+0.013%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.5	+0.006%	$1.5M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.2	+0.069%	$163.3M	$356.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.3	+0.034%	$3.31B	$8.88B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,724.7	+0.014%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.1	+0.029%	$15.0M	$41.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,729.4	+0.185%	$133.9M	$317.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,726.4	+0.076%	$185.4M	$681.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.6	+0.121%	$158.6M	$82.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,725.4	+0.039%	$21.0M	$70.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,726.2	+0.068%	—	$446K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,726	+0.061%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,725.1	+0.028%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERPshort	+0.0100%	1h	2,725.5	+0.043%	$22K	$20K	25x
Derive ETH-PERP	+0.0100%	1h	2,726.8	+0.091%	$40.8M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,723.4	−0.036%	$956K	$10.9M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.5	+0.007%	$262.7M	$64.5M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.6	+0.009%	$30.4M	$72.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,724	−0.012%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.5	+0.040%	$46.6M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724.3	−0.001%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,724	−0.014%	$7.3M	$975K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,727.7	+0.123%	$32.1M	$11.2M	100x	as long as short