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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 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.008%
Price spread now: BingX against KuCoin−0.027%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Long on KuCoinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,742.70.0071pay 0.0071% / 8h5h 08m$382.0M$575.1M100x
ShortBingX ETH-USDT2,741.90.0054get 0.0054% / 8h5h 08m—$1.14B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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
−$3.57
Price spread: −0.027% → 0.000%
−$2.7
Slippage, 4 orders
−$0.95
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$29.22
Costs to cover
0.230%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; BingX: live order book, 10 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 KuCoin live order book, 10 min ago0.02 bp6.0 bp −$67.6 bp −$7610.3 bp −$1,029doesn't fit
Sell BingX live order book, 10 min ago0.05 bp5.1 bp −$55.1 bp −$515.2 bp −$5216.4 bp −$3,200

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%1h2,744.2+0.057%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.257%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744+0.048%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,743.4+0.026%$305K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,744.9+0.083%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,743.9+0.046%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.6+0.071%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,744.2+0.057%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4+0.064%$8.8M$30.7M100xas long as short
BingX ETH-USDTshort+0.0054%8h2,741.9−0.027%—$1.14B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,742.1−0.020%$1.70B$10.55B100xas long as short
KuCoin ETHUSDTMlong+0.0071%8h2,742.7long leg$382.0M$575.1M100x
Bullet ETH-USD+0.0073%1h2,743.3+0.025%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,743.8+0.043%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,743+0.014%$253.8M$840.9M200xas long as short
SoDEX ETH-USD+0.0088%1h2,743.2+0.020%$54.6M$187.5M40xas long as short
MEXC ETH_USDT+0.0094%8h2,742.1−0.021%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,742−0.024%$6.37B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,743.6+0.035%$112.8M$436.1M50xas long as short
Lighter RH ETH+0.0096%1h2,744.9+0.082%$24.7M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.2+0.056%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,740.6−0.075%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.5+0.066%$54.9M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747.7+0.186%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.024%$467K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.7+0.037%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.6+0.108%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.049%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742−0.023%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3+0.097%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.9+0.044%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.143%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.9+0.008%$3.39B$8.78B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.9+0.009%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.7+0.003%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1+0.016%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.7+0.002%$182.3M$665.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.1+0.088%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9+0.155%$21.2M$68.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.5+0.067%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.4+0.064%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,745.3+0.096%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.3−0.013%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,743.1+0.018%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.028%$266.6M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,741.9−0.027%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,745.2+0.092%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,744.5+0.067%$7.7M$670.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0169%1h2,744.8+0.077%$260.0M$195.4M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,745.6+0.106%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0215%8h2,743.2+0.022%$284.9M$179.7M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.1+0.054%$86.5M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,742.2−0.015%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747+0.159%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0364%1h2,743.8+0.042%$21K$20K25xas long as short