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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 07:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.024%
Price spread now: RISEx against Kraken Futures−0.017%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on Kraken FuturesShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.017%, 7d avg +0.009%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,733.80.0210pay 0.0026% / 1h14m 33s$82.2M$310.9M100x
ShortRISEx ETH/USDC2,733.30.0115get 0.0014% / 1h14m 33s$5.6M$11.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$20.02
Price spread: −0.017% → +0.009%
−$2.63
Slippage, 4 orders
−$2.37
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$41.02
Costs to cover
0.184%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago0.18 bp6.0 bp −$67.6 bp −$769.3 bp −$92612.4 bp −$6,197
Sell RISEx live order book, 5 min ago0.02 bp3.0 bp −$33.9 bp −$39doesn't fitdoesn't fit

ETH on 54 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%1h2,733.1−0.025%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1+0.048%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.9−0.033%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,735.9+0.078%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.9+0.005%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.8+0.001%$6.6M$684.7M4.9xas long as short
Perpl ETH0.0000%43m2,733.4−0.013%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.2+0.015%$262.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733−0.028%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0010%1h2,734.8+0.037%$8.6M$31.6M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.3−0.017%$191K$891K50xas long as short
HTX ETH-USDT+0.0024%8h2,732.5−0.047%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0024%8h2,732.2−0.057%—$18.6M—as long as short
Bybit ETHUSDT+0.0030%8h2,732−0.063%$2.34B$4.40B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.9−0.032%$376.5M$577.1M100xas long as short
SoDEX ETH-USD+0.0077%1h2,733.1−0.025%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,732.1−0.063%$1.65B$10.88B100xas long as short
Aster ETHUSDT+0.0085%8h2,732.5−0.048%$253.2M$848.8M200xas long as short
Phemex ETHUSDT+0.0090%8h2,732.7−0.039%$263.2M$64.6M150xas long as short
Bullet ETH-USD+0.0093%1h2,732.2−0.058%$191K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,733.7−0.001%$30K$20K20xas long as short
MEXC ETH_USDT+0.0095%8h2,732.6−0.045%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,732.3−0.052%$6.33B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,733.7−0.003%$112.8M$437.9M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.044%$23.5M$103.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,731.1−0.099%$4.9M$161K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.7−0.039%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.6+0.139%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.1−0.025%$14.2M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.9+0.041%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.8+0.001%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5−0.047%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.2−0.023%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2+0.015%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.8−0.037%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.2−0.056%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.3−0.019%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7−0.040%$134.1M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.9+0.006%$185.9M$684.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.9+0.004%$158.9M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.008%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.017%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.8+0.001%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.8+0.001%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.6−0.045%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.087%$30.4M$73.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.8−0.001%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.5+0.027%$47.7M$4.33B50xas long as short
RISEx ETH/USDCshort+0.0115%1h2,733.3−0.017%$5.6M$11.6M25x
Hibachi ETH/USDT-P+0.0176%1h2,734.5+0.026%$242K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735+0.046%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.4−0.086%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSDlong+0.0210%1h2,733.8long leg$82.2M$310.9M100x
BloFin ETH-USDT+0.0383%8h2,732.5−0.046%$280.6M$175.4M150xas long as short