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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+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.002%
Price spread now: Katana Perps against KuCoin+0.006%7-day average −0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.056%+$6 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.006%, 7d avg −0.039%
Together, before fees+0.001%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.045% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,731.80.0067pay 0.0067% / 8h1h 11m$375.1M$575.6M100x
ShortKatana Perps ETH-USD2,7320.0100get 0.0100% / 8h1h 11m$502K$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$6.89
Price spread: +0.006% → −0.039%
$4.47
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$4.44
Costs to cover
0.158%
Break-even
11.5 days
Slippage unknown: KuCoin: live order book, 3 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago0.02 bp6.0 bp −$66.9 bp −$699.9 bp −$989doesn't fit
Sell Katana Perps no order-book sample—————
Katana Perps: 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 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%1h2,732.3+0.017%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.046%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.019%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.5+0.061%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4+0.019%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.7+0.031%$6.6M$683.8M4.9xas long as short
Perpl ETH0.0000%43m2,731.9+0.003%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.8+0.035%$262.6M$213.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.4+0.057%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0013%1h2,732.7+0.033%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.7+0.031%$191K$891K50xas long as short
BingX ETH-USDC+0.0024%8h2,731.1−0.027%—$18.6M—as long as short
HTX ETH-USDT+0.0025%8h2,732+0.006%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.7−0.006%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTMlong+0.0067%8h2,731.8long leg$375.1M$575.6M100x
SoDEX ETH-USD+0.0071%1h2,731.8−0.001%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0082%8h2,731.7−0.007%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0084%8h2,731.7−0.005%$253.1M$847.2M200xas long as short
Phemex ETHUSDT+0.0089%8h2,731.80.000%$263.1M$64.4M150xas long as short
Bullet ETH-USD+0.0089%1h2,731.80.000%$189K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.80.000%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,731.8−0.001%$6.33B$16.12B150xas long as short
Lighter ETH+0.0096%1h2,732.7+0.031%$112.8M$438.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733.8+0.070%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.5−0.086%$4.9M$165K20xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,733.3+0.053%$30K$20K20xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,732+0.006%$502K$3.5M50x
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.175%$15.3M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.8−0.003%$14.1M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.2+0.086%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733+0.044%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.4−0.016%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.7+0.031%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.001%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732+0.006%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8−0.003%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8−0.001%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7+0.031%$134.1M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2+0.012%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.3+0.052%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733.9+0.075%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.067%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.2+0.050%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.8+0.034%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,731.6−0.010%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731−0.032%$30.4M$73.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.6+0.026%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.1+0.044%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.7+0.031%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,732.9+0.040%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,734.1+0.084%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.1−0.029%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.5+0.023%$82.1M$309.9M100xas long as short
BloFin ETH-USDT+0.0383%8h2,731.8−0.003%$280.5M$175.3M150xas long as short