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ETH

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Spread before costs (cost unknown: a leg has no order-book sample)−0.188%
7d average−0.008%if it closes, per $10,000$19funding while held, a day−$3.25
Long on Kraken FuturesShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHUSD2,750.30.0208pay 0.0026% / 1h31m 31s$84.9M$320.0M100x
ShortVariational Omni ETH2,745.20.0100get 0.0100% / 8h6h 31m$145.4M$312.1M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$18.79
Funding while held
−$3.25
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$32.04
Spread needed to break even
0.100%
Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0108%
Per $10,000 a day
−$3.25
Average in range /8h
—

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, 4 min ago0.18 bp5.9 bp −$66.9 bp −$699.4 bp −$94013.0 bp −$6,499
Sell Variational Omni RFQ quote, 4 min ago0.51 bpdoesn't fit0.5 bp −$53.1 bp −$313doesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni2,745.2cheapest
Aevo2,746.4+0.044%Reya2,747.5+0.085%Phoenix2,747.5+0.086%Polymarket Perps2,748+0.104%Bullet2,748+0.105%HTX2,748.1+0.109%Binance2,748.3+0.113%BloFin2,748.3+0.115%Perpl2,748.4+0.117%OKX2,748.4+0.118%Jupiter Perps2,748.4+0.118%Bybit2,748.4+0.119%StandX2,748.5+0.122%SoDEX2,748.6+0.126%Aster2,748.6+0.126%Bulk2,748.7+0.131%edgeX2,748.9+0.135%SunX2,749+0.138%MEXC2,749+0.140%Phemex2,749+0.141%KuCoin2,749.2+0.147%Ondo Perps2,749.2+0.148%Hotstuff2,749.2+0.148%Vest2,749.3+0.150%Kalshi2,749.3+0.151%Bluefin2,749.3+0.152%Extended2,749.4+0.156%Lighter2,749.5+0.157%Gate2,749.5+0.157%Bitget2,749.5+0.158%01 Exchange2,749.5+0.158%GMX2,749.5+0.160%Backpack2,749.6+0.161%Pacifica2,749.6+0.162%dYdX2,749.6+0.162%Aftermath Perps2,749.6+0.163%Nado2,749.6+0.163%gTrade (Gains Network)2,749.7+0.167%BingX2,749.8+0.169%Katana Perps2,750+0.177%
Kraken Futures2,750.3+0.188%
Injective2,750.4+0.191%Arcus2,750.5+0.193%RISEx2,750.5+0.193%Deribit2,750.6+0.197%Lighter RH2,750.6+0.199%Coinbase International2,751+0.213%Derive2,751.1+0.217%ApeX Omni2,751.3+0.225%Orderly2,751.4+0.227%Hyperliquid2,751.8+0.242%Paradex2,752.4+0.265%Hibachi2,753.2+0.292%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ETHshort−0.188%+0.0100%8h$145.4M$312.1M—
Aevo ETH-PERP−0.144%+0.0056%1h$5.0M$686K20xas long as short
Reya ETHRUSDPERP−0.103%+0.0189%1h$7.3M$920K25xas long as short
Phoenix ETH−0.102%+0.0078%1h$1.3M$2.2M25xas long as short
Polymarket Perps ETH-USD−0.084%+0.0100%1h$10.7M$5.5M50xas long as short
Bullet ETH-USD−0.083%+0.0088%1h$196K$1.8M20xas long as short
HTX ETH-USDT−0.080%+0.0084%8h$1.09B$1.18B200xas long as short
Binance ETHUSDT−0.075%+0.0058%8h$6.53B$15.75B150xas long as short
BloFin ETH-USDT−0.073%+0.0179%8h$293.0M$173.8M150xas long as short
Perpl ETH−0.072%−0.0447%43m$355K$6.2M8.3xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ETH-USDT-SWAP−0.070%+0.0013%8h$1.72B$10.96B100xas long as short
Jupiter Perps ETH-PERP−0.070%L +0.0096% / S +0.0048%1h—$43.5M500xas long as short
Bybit ETHUSDT−0.069%+0.0100%8h$2.51B$4.34B150xas long as short
StandX ETH-USD−0.066%+0.0100%1h$21.1M$51.5M40xas long as short
SoDEX ETH-USD−0.062%+0.0002%1h$55.5M$162.0M40xas long as short
Aster ETHUSDT−0.062%+0.0100%8h$269.9M$928.3M200xas long as short
Bulk ETH-USD−0.057%+0.0016%1h$160.8M$268.2M25xas long as short
edgeX ETHUSDC−0.053%+0.0100%4h$178.4M$751.5M100xas long as short
SunX ETH-USDT−0.050%+0.0092%8h$963K$14.3M100xas long as short
MEXC ETH_USDT−0.048%+0.0058%8h$1.56B$2.42B500xas long as short
Phemex ETHUSDT−0.047%+0.0057%8h$265.1M$65.6M150xas long as short
KuCoin ETHUSDTM−0.041%+0.0100%8h$439.8M$677.8M100xas long as short
Ondo Perps ETH-USD.P−0.041%+0.0100%1h$2.9M$14.9M25xas long as short
Hotstuff ETH-PERP−0.041%−0.0080%1h$5K$2K50xas long as short
Vest ETH-PERP−0.038%+0.0100%1h—$1.0M50xas long as short
Kalshi KXETHPERP−0.037%+0.0145%8h$9.6M$588.2M4.9xas long as short
Bluefin ETH-PERP−0.036%+0.0100%1h$21K$26K25xas long as short
Extended ETH-USD−0.032%+0.0088%1h$31.7M$74.9M50xas long as short
Lighter ETH−0.032%+0.0096%1h$115.8M$493.3M50xas long as short
Gate ETH_USDT−0.031%+0.0069%8h$3.39B$8.86B200xas long as short
Bitget ETHUSDT−0.030%+0.0083%8h$2.11B$3.00B150xas long as short
01 Exchange ETHUSD−0.030%+0.0016%1h$180K$1.2M50xas long as short
GMX ETH/USD [ETH-USDC]−0.029%L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
Backpack ETH_USDC_PERP−0.027%+0.0100%1h$15.5M$40.1M50xas long as short
Pacifica ETH−0.026%+0.0100%1h$31.1M$234.0M50xas long as short
dYdX ETH-USD−0.026%−0.0007%1h$13.7M$37.3M50xas long as short
Aftermath Perps ETHUSD−0.025%+0.0271%1h$29K$20K20xas long as short
Nado ETH-PERP−0.025%+0.0100%1h$17.6M$110.5M50xas long as short
gTrade (Gains Network) ETH/USD−0.021%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
BingX ETH-USDC−0.019%+0.0010%8h—$16.8M—as long as short
Katana Perps ETH-USD−0.012%+0.0100%8h$480K$2.2M50xas long as short
Kraken Futures PF_ETHUSDlong0.000%+0.0208%1h$84.9M$320.0M100x
Injective ETH/USDC PERP+0.003%−0.0275%1h$118K$22.5M52xas long as short
Arcus ETH-USD+0.005%+0.0100%1h$2.7M$16.1M25xas long as short
RISEx ETH/USDC+0.005%+0.0105%1h$5.8M$12.0M25xas long as short
Deribit ETH-PERPETUAL+0.008%+0.0074%1h$258.5M$204.9M50xas long as short
Lighter RH ETH+0.011%+0.0096%1h$25.3M$119.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.025%+0.0136%1h$59.5M$4.57B50xas long as short
Derive ETH-PERP+0.029%+0.0100%1h$42.4M$29.6M15xas long as short
ApeX Omni ETHUSDT+0.037%−0.0040%1h$8.1M$27.8M100xas long as short
Orderly PERP_ETH_USDC+0.039%+0.0164%8h$32.3M$10.7M100xas long as short
Hyperliquid ETH+0.054%+0.0134%1h$3.25B$2.10B25xas long as short
Paradex ETH-USD-PERP+0.077%+0.0100%8h$14.9M$10.8M50xas long as short
Hibachi ETH/USDT-P+0.104%+0.0208%1h$283K$1.4M20xas long as short