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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: Extended against Binance−0.025%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$600.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.025%, 7d avg −0.042%
Together, before fees−0.007%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHFIUSDT0.71720.0100pay 0.0050% / 4h2h 32m$25.0M$36.3M75x
ShortExtended ETHFI-USD0.71700.0104get 0.0013% / 1h32m 02s$98K$381K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
$0.84
Price spread: −0.025% → −0.042%
$1.65
Slippage, 4 orders
−$45.28
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$57.79
Costs to cover
0.603%
Break-even
488.6 days
Slippage from Binance: live order book, 10 min ago; Extended: live order book, 35 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 Binance live order book, 10 min ago0.70 bp12.8 bp −$1333.4 bp −$334192.9 bp −$19.3Kdoesn't fit
Sell Extended live order book, 35 min ago2.08 bp16.5 bp −$17151.6 bp −$1,516doesn't fitdoesn't fit

ETHFI on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0267%4h0.7166−0.078%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0208%4h0.7176+0.061%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0028%1h0.7180+0.117%$41K$13K10xas long as short
Variational Omni ETHFI−0.0002%4h0.7141−0.428%$1.0M$713Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.954%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0045%8h0.7167−0.061%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7184+0.175%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7181+0.132%$18.1M$8.4M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7180+0.116%$183K$258K10xas long as short
Binance ETHFIUSDTlong+0.0100%4h0.7172long leg$25.0M$36.3M75x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7171−0.009%$18.0M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7176+0.061%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7176+0.061%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7169−0.036%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7171−0.009%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7167−0.064%$6.1M$5.5M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7174+0.033%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7190+0.256%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7181+0.131%$1K$1.1M20xas long as short
Extended ETHFI-USDshort+0.0104%1h0.7170−0.025%$98K$381K10x
Aevo ETHFI-PERP+0.0104%1h0.7175+0.047%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7185+0.187%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0226%1h0.7186+0.200%$273K$180K20xas long as short