ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against KuCoin−0.036%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.036%, 7d avg −0.003%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 3.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.010% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETHUSDTM	2,743.8	0.0070	pay 0.0070% / 8h	5h 13m	$381.8M	$575.4M	100x
Short	Bybit ETHUSDT	2,742.8	0.0100	get 0.0100% / 8h	5h 13m	$2.45B	$4.17B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $6.3
Price spread: −0.036% → −0.003%: −$3.29
Slippage, 4 orders: −$0.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.74
Costs to cover: 0.237%
Break-even: 30.0 days

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 1 min ago.

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 KuCoin live order book, 6 min ago	0.02 bp	6.0 bp −$6	7.6 bp −$76	10.3 bp −$1,029	doesn't fit
Sell Bybit live order book, 1 min ago	0.02 bp	5.5 bp −$6	7.0 bp −$70	7.9 bp −$793	9.8 bp −$4,886

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
Hotstuff ETH-PERP	−0.0080%	1h	2,744.5	+0.026%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,746.8	+0.110%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.9	+0.005%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,744.6	+0.028%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,743.9	+0.004%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,744.1	+0.011%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,746.8	+0.110%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,744.8	+0.037%	$182K	$836K	50x	as long as short
ApeX Omni ETHUSDT	+0.0042%	1h	2,745.9	+0.078%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDT	+0.0053%	8h	2,742.7	−0.039%	—	$1.14B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0067%	8h	2,742.7	−0.038%	$1.71B	$10.55B	100x	as long as short
KuCoin ETHUSDTMlong	+0.0070%	8h	2,743.8	long leg	$381.8M	$575.4M	100x
Bullet ETH-USD	+0.0074%	1h	2,743.6	−0.006%	$182K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,744.9	+0.040%	$5.6M	$11.4M	25x	as long as short
SoDEX ETH-USD	+0.0089%	1h	2,743	−0.028%	$54.6M	$187.6M	40x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,743.3	−0.017%	$253.8M	$840.8M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,743.3	−0.018%	$112.9M	$435.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,744.4	+0.022%	$24.6M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.8	+0.002%	—	$30.4M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,742.5	−0.047%	$1.56B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,743.6	−0.005%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.8	+0.038%	$57.2M	$4.25B	50x	as long as short
Binance ETHUSDT	+0.0097%	8h	2,742.7	−0.040%	$6.38B	$15.67B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,748.5	+0.173%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.4	+0.023%	$467K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,744.3	+0.018%	$13.9M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,745	+0.044%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,745.3	+0.055%	$31.7M	$334.5M	50x	as long as short
Bybit ETHUSDTshort	+0.0100%	8h	2,742.8	−0.036%	$2.45B	$4.17B	150x
Ondo Perps ETH-USD.P	+0.0100%	1h	2,743.3	−0.017%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,744.7	+0.034%	$2.8M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.6	+0.102%	$165.7M	$303.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,743	−0.030%	$3.39B	$8.77B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,742.9	−0.034%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.5	−0.046%	$15.0M	$39.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.6	+0.103%	$133.5M	$325.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,745.6	+0.065%	$182.5M	$673.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,746.7	+0.105%	$159.7M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,745.8	+0.074%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,745.4	+0.059%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,745.5	+0.063%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.9	+0.041%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,743.2	−0.022%	$962K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,743	−0.030%	$1.06B	$1.17B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,743	−0.027%	$266.6M	$64.9M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.1	−0.062%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0130%	1h	2,745.7	+0.069%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,744.5	+0.026%	$7.8M	$670.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0166%	1h	2,744.6	+0.028%	$259.8M	$195.6M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,745.4	+0.059%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,743.9	+0.005%	$86.6M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,743.9	+0.004%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDT	+0.0246%	8h	2,743	−0.028%	$285.6M	$180.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,745.6	+0.065%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0439%	1h	2,744	+0.007%	$21K	$20K	25x	as long as short