ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.022%

Price spread now: Kraken Futures against Pacifica−0.016%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.016%, 7d avg −0.015%

Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ETH	2,740	0.0100	pay 0.0013% / 1h	50m 34s	$32.0M	$320.6M	50x
Short	Kraken Futures PF_ETHUSD	2,739.6	0.0120	get 0.0015% / 1h	50m 34s	$82.6M	$264.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.016%Rate

Funding earned: $4.29
Price spread: −0.016% → −0.015%: −$0.17
Slippage, 4 orders: −$2.28
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.16
Costs to cover: 0.203%
Break-even: 33.4 days

Slippage from Pacifica: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Pacifica live order book, 2 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	0.18 bp	6.3 bp −$6	6.8 bp −$68	8.1 bp −$805	11.3 bp −$5,654

ETH on 55 exchanges

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	2,742.5	+0.090%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,741.7	+0.061%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,739.4	−0.022%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,742.6	+0.094%	$819K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740	−0.001%	$7.2M	$655.2M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,740.2	+0.007%	$269K	$4.9M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,739.4	−0.024%	$33.1M	—	200x	as long as short
Bybit ETHUSDT	+0.0046%	8h	2,741.2	+0.041%	$2.37B	$3.77B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,741.4	+0.050%	$182K	$907K	50x	as long as short
OKX ETH-USDT-SWAP	+0.0073%	8h	2,741.2	+0.044%	$1.67B	$9.01B	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	+0.0079%	1h	2,740.1	+0.003%	$267.1M	$180.3M	50x	as long as short
dYdX ETH-USD	+0.0083%	1h	2,739.6	−0.017%	$15.2M	$42.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0085%	1h	2,743.8	+0.138%	$8.2M	$25.0M	100x	as long as short
KuCoin ETHUSDTM	+0.0092%	8h	2,738.9	−0.040%	$378.1M	$433.6M	100x	as long as short
SoDEX ETH-USD	+0.0094%	1h	2,739	−0.037%	$61.7M	$121.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,739.4	−0.023%	$113.7M	$381.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.5	+0.017%	$23.5M	$93.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,739.8	−0.009%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.6	−0.126%	$4.9M	$247K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.7	−0.012%	$516K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739	−0.036%	$14.9M	$93.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741.9	+0.068%	$3.14B	$1.67B	25x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,741	+0.035%	$255.0M	$699.0M	200x	as long as short
Pacifica ETHlong	+0.0100%	1h	2,740	long leg	$32.0M	$320.6M	50x
Binance ETHUSDT	+0.0100%	8h	2,740.9	+0.031%	$6.41B	$13.67B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.7	−0.012%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.4	+0.048%	$1.6M	$14.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.8	+0.138%	$163.0M	$315.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739.4	−0.024%	$3.27B	$7.60B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,738.8	−0.044%	$1.60B	$2.29B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.4	−0.024%	$2.11B	$2.25B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,739.6	−0.017%	—	$936.2M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.1	−0.033%	$15.0M	$35.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.7	−0.048%	$133.6M	$273.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,742.3	+0.081%	$184.5M	$556.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.7	+0.134%	$159.5M	$69.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,742	+0.072%	$21.1M	$75.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,741	+0.036%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741	+0.036%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,739.3	−0.026%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.9	−0.004%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,740.7	+0.024%	$40.9M	$25.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.9	−0.042%	$945K	$8.2M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,739.3	−0.025%	$1.05B	$992.5M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,739.5	−0.020%	$262.8M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.6	−0.053%	$30.2M	$63.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,740.5	+0.017%	$47.6M	$3.87B	50x	as long as short
Aftermath Perps ETHUSD	+0.0114%	1h	2,742	+0.072%	$30K	$8K	20x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0120%	1h	2,739.6	−0.016%	$82.6M	$264.9M	100x
Reya ETHRUSDPERP	+0.0146%	1h	2,738.4	−0.058%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,741.4	+0.051%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,741.3	+0.047%	$5.7M	$10.4M	25x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,739	−0.037%	$285.1M	$146.9M	150x	as long as short
Paradex ETH-USD-PERP	+0.0451%	8h	2,741.4	+0.051%	$15.8M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,743.8	+0.138%	$118K	$25.0M	52x	as long as short