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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.036%
Price spread now: Orderly against KuCoin+0.084%7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.290%+$29 on $10k
Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.084%, 7d avg +0.080%
Together, before fees+0.240%+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,770.80.0100pay 0.0100% / 8h1h 59m$422.3M$742.1M100x
ShortOrderly PERP_ETH_USDC2,773.10.0137get 0.0137% / 8h1h 59m$32.5M$12.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$7.72
Price spread: +0.084% → +0.080%
$0.41
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$9.86
Costs to cover
0.180%
Break-even
15.9 days
Slippage unknown: KuCoin: live order book, 10 min ago; Orderly: 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, 10 min ago0.02 bp6.0 bp −$66.0 bp −$607.4 bp −$741doesn't fit
Sell Orderly no order-book sample—————
Orderly: 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 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
Nado ETH-PERP−0.0243%1h2,770.3−0.016%$14.3M$118.9M50xas long as short
Perpl ETH−0.0112%43m2,769.5−0.046%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,769−0.064%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768−0.099%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,770−0.027%$169K$1.2M50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,769.5−0.045%$119K$22.5M52xas long as short
Phoenix ETH−0.0023%1h2,770.5−0.009%$884K$3.6M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,771+0.008%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,768.5−0.083%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.2+0.016%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,770.9+0.004%—$1.19B—as long as short
OKX ETH-USDT-SWAP+0.0023%8h2,768.6−0.077%$1.71B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771+0.008%$13.2M—200xas long as short
Aster ETHUSDT+0.0032%8h2,770.5−0.008%$256.2M$995.5M200xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,770.6−0.005%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0037%8h2,771.3+0.019%$267.0M$66.0M150xas long as short
Aevo ETH-PERP+0.0048%1h2,768.1−0.095%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0052%8h2,771+0.009%$1.59B$2.62B500xas long as short
Binance ETHUSDT+0.0053%8h2,769.5−0.047%$6.43B$17.23B150xas long as short
Bullet ETH-USD+0.0059%1h2,770.2−0.020%$183K$1.8M20xas long as short
Bitget ETHUSDT+0.0074%8h2,770.9+0.006%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0077%8h2,770.8+0.002%$3.28B$9.52B200xas long as short
HTX ETH-USDT+0.0095%8h2,770.2−0.021%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.9+0.005%$114.7M$493.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.059%$25.4M$120.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.5−0.045%—$41.8M500xas long as short
Variational Omni ETH+0.0099%8h2,770.9+0.005%$140.8M$321.1M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.2−0.129%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.3−0.052%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.078%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,767.9−0.102%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769−0.065%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.1−0.096%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4−0.013%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771+0.007%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTMlong+0.0100%8h2,770.8long leg$422.3M$742.1M100x
Backpack ETH_USDC_PERP+0.0100%1h2,771.4+0.023%$15.2M$43.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.6−0.006%$179.5M$783.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.026%$161.2M$96.5M50xas long as short
StandX ETH-USD+0.0100%1h2,772.1+0.049%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,770.1−0.022%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.8+0.038%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771+0.008%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.5+0.062%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.9−0.104%$971K$14.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,770.3−0.016%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,769.7−0.039%$31.5M$75.5M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.8+0.038%$258.4M$225.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.031%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.027%$8.5M$673.6M4.9xas long as short
Orderly PERP_ETH_USDCshort+0.0137%8h2,773.1+0.084%$32.5M$12.1M100x
Kraken Futures PF_ETHUSD+0.0170%1h2,770.5−0.007%$86.0M$331.8M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771+0.007%$285.9M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0186%1h2,770.5−0.010%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0472%1h2,771.3+0.022%$280K$1.5M20xas long as short