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+0.054%7d average+0.009%fees + slippage, in and out−$24spread needed0.244%
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,746.60.0038pay 0.0038% / 8h5h 24m$265.4M$64.1M150x
ShortKraken Futures PF_ETHUSD2,7480.0162get 0.0020% / 1h24m 52s$84.9M$321.6M100x

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
$5.36
Funding while held
$3.75
Slippage, 4 orders
−$2.37
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$15.26
Spread needed to break even
0.244%
Slippage from Phemex: live order book, 6 min ago; Kraken Futures: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0125%
Per $10,000 a day
+$3.75
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 Phemex live order book, 6 min ago0.27 bp6.4 bp −$67.1 bp −$7110.0 bp −$1,00314.1 bp −$7,049
Sell Kraken Futures live order book, 6 min ago0.18 bp5.7 bp −$66.6 bp −$668.3 bp −$83113.3 bp −$6,627

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Injective2,583.8cheapest
Aevo2,744.5+6.220%MEXC2,745.8+6.269%KuCoin2,745.8+6.271%Extended2,745.9+6.272%BloFin2,746+6.277%Aster2,746.1+6.281%Binance2,746.2+6.283%Bullet2,746.2+6.285%HTX2,746.3+6.290%BingX2,746.4+6.291%SoDEX2,746.4+6.293%Gate2,746.4+6.294%SunX2,746.5+6.295%
Phemex2,746.6+6.299%
Backpack2,746.6+6.302%Nado2,746.7+6.306%Lighter2,746.9+6.312%Bybit2,747+6.316%Ondo Perps2,747.1+6.320%OKX2,747.2+6.323%Reya2,747.2+6.324%Bitget2,747.2+6.324%Katana Perps2,747.4+6.332%GMX2,747.4+6.332%RISEx2,747.5+6.335%01 Exchange2,747.5+6.336%Lighter RH2,747.6+6.338%Hotstuff2,747.6+6.339%gTrade (Gains Network)2,747.6+6.340%Vest2,747.8+6.345%Arcus2,747.9+6.350%Bluefin2,748+6.354%Perpl2,748+6.354%
Kraken Futures2,748+6.356%
Kalshi2,748.1+6.359%dYdX2,748.2+6.362%Pacifica2,748.2+6.363%StandX2,748.2+6.363%Coinbase International2,748.3+6.367%Deribit2,748.5+6.373%Bulk2,748.5+6.373%Variational Omni2,748.6+6.378%Jupiter Perps2,748.6+6.380%edgeX2,748.7+6.382%Polymarket Perps2,749+6.394%Hibachi2,749.1+6.398%Derive2,749.2+6.402%Aftermath Perps2,749.3+6.405%Orderly2,749.6+6.417%ApeX Omni2,749.7+6.420%Phoenix2,749.7+6.421%Hyperliquid2,749.9+6.429%Paradex2,751.9+6.504%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ETH/USDC PERP−5.926%−0.0004%1h$111K$22.5M52xas long as short
Aevo ETH-PERP−0.074%+0.0048%1h$5.0M$662K20xas long as short
MEXC ETH_USDT−0.028%+0.0048%8h$1.59B$2.40B500xas long as short
KuCoin ETHUSDTM−0.026%+0.0100%8h$412.4M$688.2M100xas long as short
Extended ETH-USD−0.025%+0.0104%1h$31.6M$75.2M50xas long as short
BloFin ETH-USDT−0.021%+0.0168%8h$291.6M$175.5M150xas long as short
Aster ETHUSDT−0.016%+0.0085%8h$266.8M$933.2M200xas long as short
Binance ETHUSDT−0.015%+0.0048%8h$6.54B$15.91B150xas long as short
Bullet ETH-USD−0.013%+0.0029%1h$192K$1.8M20xas long as short
HTX ETH-USDT−0.008%+0.0100%8h$1.08B$1.21B200xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ETH-USDC−0.007%+0.0012%8h—$16.9M—as long as short
SoDEX ETH-USD−0.005%−0.0017%1h$55.4M$162.3M40xas long as short
Gate ETH_USDT−0.004%+0.0067%8h$3.35B$8.97B200xas long as short
SunX ETH-USDT−0.004%+0.0100%8h$963K$14.1M100xas long as short
Phemex ETHUSDTlong0.000%+0.0038%8h$265.4M$64.1M150x
Backpack ETH_USDC_PERP+0.003%+0.0100%1h$15.3M$41.7M50xas long as short
Nado ETH-PERP+0.007%+0.0100%1h$17.2M$111.1M50xas long as short
Lighter ETH+0.013%+0.0096%1h$115.8M$482.2M50xas long as short
Bybit ETHUSDT+0.016%+0.0100%8h$2.50B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.020%+0.0100%1h$2.9M$14.9M25xas long as short
OKX ETH-USDT-SWAP+0.023%+0.0016%8h$1.73B$11.01B100xas long as short
Reya ETHRUSDPERP+0.024%+0.0209%1h$7.3M$847K25xas long as short
Bitget ETHUSDT+0.024%+0.0083%8h$2.10B$2.94B150xas long as short
Katana Perps ETH-USD+0.031%+0.0100%8h$485K$2.4M50xas long as short
GMX ETH/USD [ETH-USDC]+0.032%L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
RISEx ETH/USDC+0.034%+0.0083%1h$5.8M$12.0M25xas long as short
01 Exchange ETHUSD+0.035%0.0000%1h$180K$1.2M50xas long as short
Lighter RH ETH+0.036%+0.0096%1h$25.3M$120.1M50xas long as short
Hotstuff ETH-PERP+0.038%−0.0080%1h$5K$2K50xas long as short
gTrade (Gains Network) ETH/USD+0.039%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Vest ETH-PERP+0.044%+0.0100%1h—$1.0M50xas long as short
Arcus ETH-USD+0.048%+0.0100%1h$2.7M$16.0M25xas long as short
Bluefin ETH-PERP+0.052%+0.0100%1h$21K$25K25xas long as short
Perpl ETH+0.052%0.0000%43m$291K$6.3M8.3xas long as short
Kraken Futures PF_ETHUSDshort+0.054%+0.0162%1h$84.9M$321.6M100x
Kalshi KXETHPERP+0.056%+0.0136%8h$9.6M$609.5M4.9xas long as short
dYdX ETH-USD+0.060%0.0000%1h$13.0M$41.6M50xas long as short
Pacifica ETH+0.060%+0.0100%1h$31.0M$248.0M50xas long as short
StandX ETH-USD+0.060%+0.0100%1h$21.2M$52.1M40xas long as short
Coinbase International ETH-PERP-INTX+0.064%+0.0136%1h$59.5M$4.51B50xas long as short
Deribit ETH-PERPETUAL+0.070%+0.0005%1h$258.3M$203.9M50xas long as short
Bulk ETH-USD+0.070%−0.0005%1h$158.7M$271.5M25xas long as short
Variational Omni ETH+0.074%+0.0099%8h$145.5M$306.6M—as long as short
Jupiter Perps ETH-PERP+0.076%L +0.0096% / S +0.0048%1h—$43.1M500xas long as short
edgeX ETHUSDC+0.079%+0.0100%4h$179.1M$738.3M100xas long as short
Polymarket Perps ETH-USD+0.089%+0.0100%1h$11.4M$6.7M50xas long as short
Hibachi ETH/USDT-P+0.094%+0.0232%1h$285K$1.4M20xas long as short
Derive ETH-PERP+0.097%+0.0100%1h$42.4M$29.2M15xas long as short
Aftermath Perps ETHUSD+0.100%+0.0133%1h$29K$19K20xas long as short
Orderly PERP_ETH_USDC+0.111%+0.0124%8h$32.2M$10.7M100xas long as short
ApeX Omni ETHUSDT+0.114%+0.0008%1h$8.2M$28.0M100xas long as short
Phoenix ETH+0.115%+0.0073%1h$1.1M$2.5M25xas long as short
Hyperliquid ETH+0.122%+0.0100%1h$3.21B$2.14B25xas long as short
Paradex ETH-USD-PERP+0.193%+0.0100%8h$14.7M$10.8M50xas long as short