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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: KuCoin against Binance+0.242%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1411.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.218%−$22 · spread now +0.242%, 7d avg +0.034%
Together, before fees−0.206%−$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.209% dearer against Binance than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHFIUSDT0.71080.0100pay 0.0050% / 4h1h 14m$24.8M$35.6M75x
ShortKuCoin ETHFIUSDTM0.71250.0100get 0.0050% / 4h1h 14m$1.2M$253K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
Price spread: +0.242% → +0.034%
$20.89
Slippage, 4 orders
−$118.71
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$119.82
Costs to cover
1.407%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 10 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, 12 min ago0.70 bp13.6 bp −$1430.6 bp −$306201.6 bp −$20.2Kdoesn't fit
Sell KuCoin live order book, 10 min ago7.73 bp55.5 bp −$56158.0 bp −$1,580doesn't fitdoesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0592%1h0.7122+0.200%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0203%4h0.7118+0.144%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0099%4h0.7116+0.116%$88K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.860%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0080%8h0.7118+0.144%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7119+0.164%$1.1M$888K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7118+0.147%$17.8M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7118+0.147%$182K$256K10xas long as short
Binance ETHFIUSDTlong+0.0100%4h0.7108long leg$24.8M$35.6M75x
Bybit ETHFIUSDT+0.0100%4h0.7115+0.102%$17.8M$12.6M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETHFI-USDT-SWAP+0.0100%4h0.7117+0.130%$5.1M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7121+0.186%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7118+0.144%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.7125+0.242%$1.2M$253K50x
Bitget ETHFIUSDT+0.0100%4h0.7112+0.059%$6.1M$5.3M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7119+0.158%$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h0.7141+0.469%$1.0M$716Kas long as short
SunX ETHFI-USDT+0.0100%4h0.7126+0.256%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7109+0.020%$97K$379K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7101−0.099%$8K3xas long as short
Kraken Futures PF_ETHFIUSD+0.0306%1h0.7127+0.266%$270K$203K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7118+0.144%$1.2M$249K75xas long as short
Polymarket Perps ETHFI-USD+0.0454%1h0.7140+0.449%$71K$118K5xas long as short
Coinbase International ETHFI-PERP-INTX+0.0512%1h0.7169+0.861%$31K$6K50xas long as short