Funding you earn now, next payment 07:00 UTC−0.2306%/8h= −252.5% APRnext payment −$2.88 per $10,000 · paid last 24h −0.062%
Price spread now: Deribit against Kraken Futures−0.217%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Deribit is 0.217% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.6954 | 0.1692 | pay 0.0211% / 1h | 1m 41s | $290K | $295K | 20x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.6939 | −0.0614 | pay 0.0077% / 1h | 1m 41s | $41K | $11K | 10x |
Kraken Futures PF_ETHFIUSD
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$484.23
- Price spread: −0.217% → 0.000%
- −$21.68
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$522.9
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 41 min ago; Deribit: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 41 min ago | 12.97 bp | 44.7 bp −$45 | 153.1 bp −$1,531 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUALshort | −0.0614% | 1h | 0.6939 | −0.217% | $41K | $11K | 10x | |
| HTX ETHFI-USDT | −0.0414% | 4h | 0.6935 | −0.274% | $82K | $174K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0281% | 4h | 0.6936 | −0.260% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0128% | 4h | 0.6968 | +0.204% | $917K | $785K | — | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6928 | −0.375% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0014% | 4h | 0.6931 | −0.332% | $15.7M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0013% | 4h | 0.6929 | −0.361% | $24.1M | $36.4M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0011% | 8h | 0.6932 | −0.314% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.112% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0062% | 4h | 0.6933 | −0.303% | $17.1M | $13.1M | 25x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6935 | −0.274% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6937 | −0.243% | $1.1M | $832K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6936 | −0.266% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6940 | −0.205% | $177K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6935 | −0.274% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6938 | −0.231% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6938 | −0.231% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6929 | −0.361% | $6.0M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6933 | −0.303% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6943 | −0.164% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6928 | −0.375% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0226% | 4h | 0.6942 | −0.174% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.344% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.1692% | 1h | 0.6954 | long leg | $290K | $295K | 20x |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX