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Price arb /

ETH

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Spread before costs (cost unknown: a leg has no order-book sample)−0.344%
7d average+0.008%if it closes, per $10,000$34funding while held, a day+$4.79
Long on Variational OmniShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,752.10.0100pay 0.0100% / 8h1h 02m$156.1M$299.7M—
ShortKraken Futures PF_ETHUSD2,742.60.0260get 0.0032% / 1h2m 29s$85.5M$318.0M100x

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
−$34.44
Funding while held
$4.79
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$39.64
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0160%
Per $10,000 a day
+$4.79
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 Variational Omni RFQ quote, 3 min ago0.55 bpdoesn't fit0.5 bp −$52.7 bp −$273doesn't fit
Sell Kraken Futures live order book, 3 min ago0.18 bp5.9 bp −$67.4 bp −$7410.0 bp −$1,00115.0 bp −$7,503

ETH price on every exchange

against the cheapest. Click to use as the short leg.
OKX2,738.6cheapestReya2,738.8+0.010%Aevo2,739+0.015%Bitget2,739.1+0.019%Binance2,739.1+0.021%Extended2,739.3+0.029%Bybit2,739.5+0.035%Gate2,739.6+0.039%Nado2,739.8+0.045%Arcus2,739.8+0.046%Polymarket Perps2,739.9+0.049%MEXC2,740.1+0.056%SunX2,740.2+0.059%Katana Perps2,740.2+0.060%BingX2,740.2+0.060%Aster2,740.4+0.068%RISEx2,740.6+0.074%Vest2,740.8+0.083%Ondo Perps2,741.1+0.093%Backpack2,741.4+0.102%HTX2,741.4+0.104%01 Exchange2,741.5+0.107%Bullet2,741.5+0.107%GMX2,741.7+0.113%Pacifica2,741.7+0.115%SoDEX2,741.8+0.118%gTrade (Gains Network)2,741.8+0.119%Bluefin2,742.1+0.130%dYdX2,742.2+0.131%Hyperliquid2,742.2+0.133%Lighter2,742.2+0.133%Phemex2,742.3+0.138%KuCoin2,742.5+0.143%BloFin2,742.5+0.145%
Kraken Futures2,742.6+0.149%
Deribit2,742.8+0.154%Perpl2,742.9+0.157%Hibachi2,743+0.161%Coinbase International2,743.2+0.168%Orderly2,743.4+0.177%Lighter RH2,743.5+0.181%Hotstuff2,744.2+0.206%Kalshi2,744.2+0.206%edgeX2,744.9+0.231%Aftermath Perps2,744.9+0.232%Jupiter Perps2,745.4+0.249%Derive2,745.5+0.253%Injective2,746+0.272%Paradex2,746.4+0.286%ApeX Omni2,746.6+0.293%StandX2,747.2+0.315%Bulk2,751.8+0.484%
Variational Omni2,752.1+0.495%
Phoenix2,753.7+0.553%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ETH-USDT-SWAP−0.492%+0.0018%8h$1.72B$11.09B100xas long as short
Reya ETHRUSDPERP−0.482%+0.0152%1h$7.3M$978K25xas long as short
Aevo ETH-PERP−0.478%+0.0096%1h$5.0M$754K20xas long as short
Bitget ETHUSDT−0.473%+0.0078%8h$2.11B$3.12B150xas long as short
Binance ETHUSDT−0.471%+0.0100%8h$6.57B$15.31B150xas long as short
Extended ETH-USD−0.464%+0.0104%1h$32.7M$75.9M50xas long as short
Bybit ETHUSDT−0.457%+0.0100%8h$2.47B$4.44B150xas long as short
Gate ETH_USDT−0.453%−0.0034%8h$3.69B$8.79B200xas long as short
Nado ETH-PERP−0.447%+0.0100%1h$17.9M$114.4M50xas long as short
Arcus ETH-USD−0.447%+0.0100%1h$2.5M$15.1M25xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps ETH-USD−0.444%+0.0100%1h$10.7M$5.2M50xas long as short
MEXC ETH_USDT−0.436%+0.0100%8h$1.53B$2.44B500xas long as short
SunX ETH-USDT−0.434%+0.0100%8h$944K$14.7M100xas long as short
Katana Perps ETH-USD−0.433%+0.0100%8h$479K$1.9M50xas long as short
BingX ETH-USDT−0.432%+0.0100%8h—$1.10B—as long as short
Aster ETHUSDT−0.425%+0.0100%8h$267.6M$842.6M200xas long as short
RISEx ETH/USDC−0.418%+0.0266%1h$5.8M$13.8M25xas long as short
Vest ETH-PERP−0.410%+0.0100%1h—$1.2M50xas long as short
Ondo Perps ETH-USD.P−0.400%+0.0183%1h$3.2M$13.5M25xas long as short
Backpack ETH_USDC_PERP−0.390%+0.0100%1h$15.0M$39.1M50xas long as short
HTX ETH-USDT−0.389%+0.0100%8h$1.08B$1.20B200xas long as short
01 Exchange ETHUSD−0.385%+0.0640%1h$187K$1.1M50xas long as short
Bullet ETH-USD−0.385%+0.0067%1h$182K$1.9M20xas long as short
GMX ETH/USD [ETH-USDC]−0.379%L +0.0018% / S +0.0014%1h$11.8M—200xas long as short
Pacifica ETH−0.377%+0.0100%1h$31.1M$198.0M50xas long as short
SoDEX ETH-USD−0.374%+0.0100%1h$55.3M$161.7M40xas long as short
gTrade (Gains Network) ETH/USD−0.373%L +0.0006% / S −0.0006%1h$22.1M—200xas long as short
Bluefin ETH-PERP−0.362%+0.0100%1h$20K$24K25xas long as short
dYdX ETH-USD−0.362%+0.0158%1h$20.2M$28.4M50xas long as short
Hyperliquid ETH−0.360%+0.0155%1h$3.18B$2.14B25xas long as short
Lighter ETH−0.360%+0.0096%1h$119.1M$496.2M50xas long as short
Phemex ETHUSDT−0.355%+0.0045%8h$265.0M$67.1M150xas long as short
KuCoin ETHUSDTM−0.350%+0.0100%8h$395.3M$677.9M100xas long as short
BloFin ETH-USDT−0.348%+0.0220%8h$294.4M$180.1M150xas long as short
Kraken Futures PF_ETHUSDshort−0.344%+0.0260%1h$85.5M$318.0M100x
Deribit ETH-PERPETUAL−0.339%+0.0056%1h$260.7M$217.8M50xas long as short
Perpl ETH−0.336%0.0000%43m$217K$5.6M8.3xas long as short
Hibachi ETH/USDT-P−0.332%+0.0240%1h$284K$1.3M20xas long as short
Coinbase International ETH-PERP-INTX−0.325%+0.0056%1h$60.6M$4.83B50xas long as short
Orderly PERP_ETH_USDC−0.316%+0.0213%8h$32.2M$11.2M100xas long as short
Lighter RH ETH−0.312%+0.0096%1h$25.3M$121.1M50xas long as short
Hotstuff ETH-PERP−0.287%−0.0080%1h$5K$2K50xas long as short
Kalshi KXETHPERP−0.287%0.0000%8h$6.1M$512.5M4.9xas long as short
edgeX ETHUSDC−0.262%+0.0100%4h$194.2M$702.5M100xas long as short
Aftermath Perps ETHUSD−0.261%+0.0252%1h$29K$34K20xas long as short
Jupiter Perps ETH-PERP−0.244%L +0.0104% / S +0.0048%1h—$44.6M500xas long as short
Derive ETH-PERP−0.241%+0.0379%1h$42.8M$25.0M15xas long as short
Injective ETH/USDC PERP−0.222%−0.0112%1h$118K$22.5M52xas long as short
Paradex ETH-USD-PERP−0.208%+0.0100%8h$14.5M$11.3M50xas long as short
ApeX Omni ETHUSDT−0.200%+0.0100%1h$7.6M$28.0M100xas long as short
StandX ETH-USD−0.178%+0.0100%1h$21.0M$52.7M40xas long as short
Bulk ETH-USD−0.010%+0.0100%1h$153.0M$272.5M25xas long as short
Variational Omni ETHlong0.000%+0.0100%8h$156.1M$299.7M—
Phoenix ETH+0.058%+0.0070%1h$1.4M$2.4M25xas long as short