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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.002%
Price spread now: KuCoin against Pacifica−0.011%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on PacificaShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 7 days+0.013%+$1 · spread now −0.011%, 7d avg −0.006%
Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,753.20.0100pay 0.0013% / 1h22m 13s$31.6M$333.9M50x
ShortKuCoin ETHUSDTM2,752.90.0071get 0.0071% / 8h6h 22m$371.1M$607.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$6.09
Price spread: −0.011% → −0.006%
−$0.52
Slippage, 4 orders
−$0.89
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$27.51
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; KuCoin: live order book, 2 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 Pacifica live order book, 2 min ago0.18 bp4.4 bp −$45.3 bp −$53doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago0.02 bp6.0 bp −$67.1 bp −$7111.0 bp −$1,102doesn't fit

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
Perpl ETH−0.0447%43m2,753.4+0.009%$311K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,752.1−0.040%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,752.8−0.014%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,752−0.042%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8−0.015%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,753.4+0.009%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,752−0.044%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,753−0.007%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,752.6−0.020%$8.7M$31.5M100xas long as short
BingX ETH-USDT+0.0036%8h2,751.7−0.056%—$1.18B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,751.3−0.069%$1.69B$10.98B100xas long as short
HTX ETH-USDT+0.0058%8h2,751−0.081%$1.07B$1.20B200xas long as short
KuCoin ETHUSDTMshort+0.0071%8h2,752.9−0.011%$371.1M$607.6M100x
Aster ETHUSDT+0.0071%8h2,752.3−0.031%$253.1M$857.4M200xas long as short
MEXC ETH_USDT+0.0080%8h2,752.8−0.013%$1.57B$2.56B500xas long as short
Aevo ETH-PERP+0.0080%1h2,749.1−0.148%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0081%8h2,751.2−0.072%$6.39B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.3−0.032%$59.1M$4.35B50xas long as short
Gate ETH_USDT+0.0092%8h2,752.1−0.040%$3.39B$8.90B200xas long as short
Bitget ETHUSDT+0.0094%8h2,751.7−0.055%$2.08B$2.83B150xas long as short
Lighter ETH+0.0096%1h2,751.6−0.058%$113.0M$443.4M50xas long as short
Lighter RH ETH+0.0096%1h2,752.8−0.015%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,753.1−0.003%—$35.5M500xas long as short
Phemex ETHUSDT+0.0098%8h2,752.2−0.038%$267.6M$66.0M150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,757.8+0.167%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,751.5−0.062%$479K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,752.8−0.015%$14.0M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,754.9+0.062%$3.13B$2.10B25xas long as short
Pacifica ETHlong+0.0100%1h2,753.2long leg$31.6M$333.9M50x
Bybit ETHUSDT+0.0100%8h2,751.3−0.068%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,752.6−0.022%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,753.3+0.002%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751.1−0.078%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.003%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6−0.057%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.9+0.027%$160.2M$83.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.2−0.073%$21.3M$67.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,753.5+0.009%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,753.1−0.004%$10.8M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,752.1−0.039%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,752.4−0.028%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.2+0.001%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,751.7−0.053%$964K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,751−0.080%$54.8M$187.7M40xas long as short
Bulk ETH-USD+0.0100%1h2,751.8−0.051%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,751.5−0.061%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.9−0.084%$30.5M$73.6M50xas long as short
Deribit ETH-PERPETUAL+0.0128%1h2,752.5−0.026%$258.5M$200.0M50xas long as short
Kalshi KXETHPERP+0.0142%8h2,753.20.000%$7.9M$675.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,753.9+0.027%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,751.7−0.053%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,753−0.007%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,752.3−0.033%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.8−0.049%$89.5M$316.6M100xas long as short