ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h +0.015%

Price spread now: Polymarket Perps against Kraken Futures+0.008%7-day average +0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

What this pair did over the last

the charts below follow

Funding, last 7 days−0.367%−$37 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.008%, 7d avg +0.013%

Together, before fees−0.481%−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHFIUSD	0.6977	0.0574	pay 0.0072% / 1h	51m 17s	$303K	$298K	20x
Short	Polymarket Perps ETHFI-USD	0.6978	0.0100	get 0.0013% / 1h	51m 17s	$52K	$148K	5x

Funding history

latest

Range statsloading…

Polymarket Perps against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now +0.008%Rate

Slippage unknown: Kraken Futures: live order book, 59 min ago; Polymarket Perps: live order book, 58 min ago. Net counts fees only.

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, 59 min ago	4.30 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 58 min ago	1710.63 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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-PERPETUAL	−0.0467%	1h	0.6969	−0.121%	$42K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0308%	4h	0.6967	−0.150%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0165%	4h	0.6971	−0.089%	$930K	$711K	—	as long as short
Paradex ETHFI-USD-PERP	−0.0017%	8h	0.6963	−0.208%	$6K	—	5x	as long as short
HTX ETHFI-USDT	−0.0005%	4h	0.6971	−0.092%	$83K	$133K	20x	as long as short
Binance ETHFIUSDT	+0.0030%	4h	0.6967	−0.153%	$24.4M	$32.0M	75x	as long as short
Extended ETHFI-USD	+0.0032%	1h	0.6964	−0.188%	$110K	$499K	10x	as long as short
MEXC ETHFI_USDT	+0.0032%	4h	0.6967	−0.150%	$15.7M	$4.0M	125x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.763%	$321	$51K	5.5x	as long as short
Bybit ETHFIUSDT	+0.0038%	4h	0.6968	−0.135%	$17.2M	$11.8M	25x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0088%	1h	0.6965	−0.174%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6975	−0.034%	$1.1M	$726K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6975	−0.041%	$16.8M	$8.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6979	+0.021%	$179K	$162K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6973	−0.064%	$5.1M	$12.2M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6972	−0.078%	$1.7M	$1.7M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6969	−0.121%	$1.2M	$180K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6970	−0.107%	$6.2M	$3.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.6971	−0.092%	—	$11.5M	—	as long as short
Polymarket Perps ETHFI-USDshort	+0.0100%	1h	0.6978	+0.008%	$52K	$148K	5x
SunX ETHFI-USDT	+0.0100%	4h	0.6978	+0.008%	$2K	$1.0M	20x	as long as short
BloFin ETHFI-USDT	+0.0143%	4h	0.6984	+0.094%	$1.2M	$235K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0320%	1h	0.7040	+0.897%	$32K	$5K	50x	as long as short
Kraken Futures PF_ETHFIUSDlong	+0.0574%	1h	0.6977	long leg	$303K	$298K	20x