data as of
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Price arb /

ETH

all ETH markets
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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.

After costs, if the gap returns to its 7d average, $10k−$20
spread now−0.088%7d average−0.064%fees + slippage, in and out−$18spread needed0.180%
Long on ParadexShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,742.70.0100pay 0.0100% / 8h6h 11m$14.6M$10.8M50x
ShortKalshi KXETHPERP2,740.30.0139get 0.0139% / 8h2h 11m$9.6M$598.8M4.9x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$8.8
Funding while held
$1.18
Slippage, 4 orders
−$4.05
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$25.67
Spread needed to break even
0.180%
Slippage from Paradex: live order book, 4 min ago; Kalshi: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0039%
Per $10,000 a day
+$1.18
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 4 min ago1.75 bp3.7 bp −$44.4 bp −$44doesn't fitdoesn't fit
Sell Kalshi live order book, 4 min ago0.18 bp5.2 bp −$57.1 bp −$7110.0 bp −$99617.1 bp −$8,568

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Aevo2,734.8cheapestExtended2,736.8+0.073%OKX2,736.8+0.074%MEXC2,736.9+0.077%Gate2,737+0.080%SoDEX2,737+0.081%Bitget2,737.1+0.085%Binance2,737.2+0.087%Bullet2,737.2+0.088%Aster2,737.2+0.088%Bybit2,737.3+0.091%BingX2,737.3+0.091%BloFin2,737.3+0.093%KuCoin2,737.4+0.096%Backpack2,737.9+0.114%Lighter2,738+0.117%HTX2,738+0.117%Reya2,738.2+0.125%Perpl2,738.2+0.126%Bluefin2,738.3+0.127%Polymarket Perps2,738.3+0.128%GMX2,738.5+0.137%Phemex2,738.6+0.138%Katana Perps2,738.6+0.139%SunX2,738.7+0.144%Jupiter Perps2,738.7+0.144%Kraken Futures2,738.8+0.148%gTrade (Gains Network)2,738.9+0.149%01 Exchange2,738.9+0.150%StandX2,738.9+0.150%ApeX Omni2,738.9+0.151%Coinbase International2,739.2+0.161%Deribit2,739.3+0.163%Lighter RH2,739.3+0.163%Vest2,739.3+0.164%Ondo Perps2,739.4+0.168%RISEx2,739.5+0.171%Nado2,739.6+0.174%Hyperliquid2,739.6+0.176%Derive2,739.6+0.176%Arcus2,739.7+0.178%Pacifica2,739.8+0.183%
Kalshi2,740.3+0.201%
Hotstuff2,740.3+0.201%Orderly2,740.3+0.201%Phoenix2,740.4+0.205%Hibachi2,740.7+0.215%dYdX2,741+0.228%
Paradex2,742.7+0.290%
Bulk2,743.3+0.311%Injective2,743.9+0.333%Aftermath Perps2,744.7+0.362%edgeX2,744.8+0.365%Variational Omni2,747.8+0.476%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ETH-PERP−0.289%+0.0048%1h$5.0M$679K20xas long as short
Extended ETH-USD−0.216%+0.0096%1h$31.6M$74.9M50xas long as short
OKX ETH-USDT-SWAP−0.215%+0.0014%8h$1.72B$10.90B100xas long as short
MEXC ETH_USDT−0.212%+0.0050%8h$1.55B$2.45B500xas long as short
Gate ETH_USDT−0.209%+0.0046%8h$3.35B$8.94B200xas long as short
SoDEX ETH-USD−0.208%−0.0011%1h$55.2M$161.9M40xas long as short
Bitget ETHUSDT−0.204%+0.0083%8h$2.10B$2.98B150xas long as short
Binance ETHUSDT−0.202%+0.0050%8h$6.51B$15.75B150xas long as short
Bullet ETH-USD−0.201%+0.0079%1h$194K$1.8M20xas long as short
Aster ETHUSDT−0.201%+0.0100%8h$268.1M$926.7M200xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ETHUSDT−0.198%+0.0100%8h$2.50B$4.31B150xas long as short
BingX ETH-USDC−0.198%+0.0011%8h—$16.9M—as long as short
BloFin ETH-USDT−0.196%+0.0170%8h$291.3M$174.5M150xas long as short
KuCoin ETHUSDTM−0.193%+0.0100%8h$438.6M$676.8M100xas long as short
Backpack ETH_USDC_PERP−0.175%+0.0100%1h$15.2M$40.8M50xas long as short
Lighter ETH−0.173%+0.0096%1h$115.4M$498.6M50xas long as short
HTX ETH-USDT−0.172%+0.0100%8h$1.08B$1.18B200xas long as short
Reya ETHRUSDPERP−0.164%+0.0195%1h$7.3M$897K25xas long as short
Perpl ETH−0.163%−0.0112%43m$314K$6.3M8.3xas long as short
Bluefin ETH-PERP−0.162%+0.0100%1h$21K$25K25xas long as short
Polymarket Perps ETH-USD−0.161%+0.0100%1h$10.7M$5.5M50xas long as short
GMX ETH/USD [ETH-USDC]−0.152%L −0.0013% / S +0.0045%1h$11.8M—200xas long as short
Phemex ETHUSDT−0.151%+0.0100%8h$264.0M$65.1M150xas long as short
Katana Perps ETH-USD−0.150%+0.0100%8h$490K$2.3M50xas long as short
SunX ETH-USDT−0.145%+0.0100%8h$960K$14.2M100xas long as short
Jupiter Perps ETH-PERP−0.145%L +0.0096% / S +0.0048%1h—$43.5M500xas long as short
Kraken Futures PF_ETHUSD−0.141%+0.0209%1h$84.4M$318.8M100xas long as short
gTrade (Gains Network) ETH/USD−0.140%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
01 Exchange ETHUSD−0.139%+0.0008%1h$181K$1.2M50xas long as short
StandX ETH-USD−0.139%+0.0100%1h$21.1M$51.5M40xas long as short
ApeX Omni ETHUSDT−0.138%−0.0086%1h$8.0M$27.8M100xas long as short
Coinbase International ETH-PERP-INTX−0.128%+0.0136%1h$59.2M$4.52B50xas long as short
Deribit ETH-PERPETUAL−0.126%+0.0042%1h$258.6M$204.0M50xas long as short
Lighter RH ETH−0.126%+0.0096%1h$25.1M$120.3M50xas long as short
Vest ETH-PERP−0.125%+0.0100%1h—$1.0M50xas long as short
Ondo Perps ETH-USD.P−0.121%+0.0100%1h$2.9M$14.8M25xas long as short
RISEx ETH/USDC−0.118%+0.0105%1h$5.8M$12.0M25xas long as short
Nado ETH-PERP−0.115%+0.0100%1h$17.3M$110.7M50xas long as short
Hyperliquid ETH−0.114%+0.0100%1h$3.21B$2.12B25xas long as short
Derive ETH-PERP−0.113%+0.0100%1h$42.2M$29.5M15xas long as short
Arcus ETH-USD−0.111%+0.0100%1h$2.7M$15.9M25xas long as short
Pacifica ETH−0.106%+0.0100%1h$31.0M$237.4M50xas long as short
Kalshi KXETHPERPshort−0.088%+0.0139%8h$9.6M$598.8M4.9x
Hotstuff ETH-PERP−0.088%−0.0080%1h$5K$2K50xas long as short
Orderly PERP_ETH_USDC−0.088%+0.0151%8h$32.1M$10.6M100xas long as short
Phoenix ETH−0.084%+0.0078%1h$1.2M$2.2M25xas long as short
Hibachi ETH/USDT-P−0.075%+0.0240%1h$281K$1.4M20xas long as short
dYdX ETH-USD−0.062%−0.0004%1h$13.7M$37.2M50xas long as short
Paradex ETH-USD-PERPlong0.000%+0.0100%8h$14.6M$10.8M50x
Bulk ETH-USD+0.021%−0.0001%1h$158.1M$276.6M25xas long as short
Injective ETH/USDC PERP+0.043%−0.0275%1h$118K$22.5M52xas long as short
Aftermath Perps ETHUSD+0.072%+0.0244%1h$29K$20K20xas long as short
edgeX ETHUSDC+0.075%+0.0100%4h$178.1M$746.0M100xas long as short
Variational Omni ETH+0.186%+0.0100%8h$144.8M$311.8M—as long as short