Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.022%
Price spread now: Kraken Futures against SunX+0.044%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Long on SunXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.044%, 7d avg +0.029%
Together, before fees+0.077%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,7390.0100pay 0.0100% / 8h4h 48m$944K$8.2M100x
ShortKraken Futures PF_ETHUSD2,740.20.0120get 0.0015% / 1h48m 25s$82.5M$265.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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
$4.28
Price spread: +0.044% → +0.029%
$1.47
Slippage, 4 orders
−$4.51
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$16.76
Costs to cover
0.225%
Break-even
34.4 days
Slippage from SunX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 4 min ago1.04 bp5.2 bp −$55.3 bp −$537.1 bp −$7129.9 bp −$4,967
Sell Kraken Futures live order book, 4 min ago0.18 bp6.3 bp −$66.8 bp −$688.1 bp −$80511.3 bp −$5,654

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,742.5+0.127%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0056%1h2,742.2+0.118%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,738.7−0.010%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,738.3−0.026%$816K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,737.5−0.055%$7.4M$656.2M4.9xas long as short
Perpl ETH0.0000%43m2,739.9+0.032%$267K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,739.2+0.006%$33.1M—200xas long as short
Bybit ETHUSDT+0.0047%8h2,739.4+0.016%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,739.2+0.007%$183K$910K50xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,739.1+0.003%$8.2M$25.0M100xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0072%8h2,739.6+0.021%$1.67B$9.02B100xas long as short
dYdX ETH-USD+0.0076%1h2,740+0.036%$15.2M$42.4M50xas long as short
KuCoin ETHUSDTM+0.0091%8h2,738.5−0.017%$377.9M$433.6M100xas long as short
SoDEX ETH-USD+0.0096%1h2,739.4+0.014%$61.7M$121.7M40xas long as short
Lighter ETH+0.0096%1h2,740.7+0.061%$113.7M$382.1M50xas long as short
Lighter RH ETH+0.0096%1h2,742+0.107%$23.5M$93.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.1−0.034%—$23.3M500xas long as short
Aevo ETH-PERP+0.0096%1h2,739+0.001%$4.9M$250K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.4−0.022%$515K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.7−0.010%$14.7M$93.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.6+0.058%$3.14B$1.67B25xas long as short
Aster ETHUSDT+0.0100%8h2,738.7−0.011%$254.8M$702.2M200xas long as short
Pacifica ETH+0.0100%1h2,741.2+0.080%$32.1M$322.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,738.4−0.023%$6.40B$13.68B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.4+0.014%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.9+0.033%$1.6M$14.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.8+0.175%$163.0M$315.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,739−0.002%$3.27B$7.62B200xas long as short
MEXC ETH_USDT+0.0100%8h2,737.9−0.040%$1.59B$2.29B500xas long as short
Bitget ETHUSDT+0.0100%8h2,739.4+0.014%$2.11B$2.26B150xas long as short
BingX ETH-USDC+0.0100%8h2,737.8−0.045%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.9−0.113%$14.9M$35.1M50xas long as short
Variational Omni ETH+0.0100%8h2,738.7−0.011%$133.6M$273.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.1+0.002%$184.3M$557.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.4+0.013%$159.2M$69.7M50xas long as short
StandX ETH-USD+0.0100%1h2,741.8+0.102%$21.1M$76.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.1+0.002%—$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3+0.011%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,738.3−0.025%$176K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,739.3+0.012%$20K$7K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.3+0.084%$40.9M$25.7M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,739long leg$944K$8.2M100x
Deribit ETH-PERPETUAL+0.0100%1h2,740.8+0.065%$267.6M$181.2M50xas long as short
HTX ETH-USDT+0.0100%8h2,735.6−0.126%$1.05B$992.6M200xas long as short
Phemex ETHUSDT+0.0100%8h2,737.1−0.072%$262.6M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,738.5−0.019%$30.2M$63.7M50xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,740.5+0.053%$30K$8K20xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,741+0.072%$47.6M$3.88B50xas long as short
Kraken Futures PF_ETHUSDshort+0.0120%1h2,740.2+0.044%$82.5M$265.1M100x
Reya ETHRUSDPERP+0.0145%1h2,736.9−0.078%$7.3M$854K25xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,741.7+0.099%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0342%1h2,740+0.035%$5.7M$10.3M25xas long as short
BloFin ETH-USDT+0.0400%8h2,735.7−0.120%$284.9M$146.7M150xas long as short
Paradex ETH-USD-PERP+0.0442%8h2,742.4+0.123%$15.7M$6.1M50xas long as short
Injective ETH/USDC PERP+0.0477%1h2,743.2+0.153%$118K$25.2M52xas long as short