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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.31 per $10,000 · paid last 24h −0.010%
Price spread now: Variational Omni against Binance+0.060%7-day average +0.067% · 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 3 days (all we have)−0.010%−$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.060%, 7d avg +0.067%
Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHFIUSDT0.71870.0038pay 0.0019% / 4h35m 22s$25.0M$37.2M75x
ShortVariational Omni ETHFI0.71920.0100get 0.0050% / 4h35m 22s$1.1M$738K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$12.95
Price spread: +0.060% → +0.067%
−$0.73
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$2.21
Costs to cover
0.100%
Break-even
5.8 days
Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 6 min ago0.69 bp14.3 bp −$1432.0 bp −$320179.4 bp −$17.9Kdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago4.86 bpdoesn't fit36.8 bp −$368doesn'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
HTX ETHFI-USDT−0.0343%4h0.7175−0.172%$83K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7195+0.106%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7188+0.009%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0029%8h0.7185−0.030%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.732%$321$51K5.5xas long as short
Binance ETHFIUSDTlong+0.0038%4h0.7187long leg$25.0M$37.2M75x
Extended ETHFI-USD+0.0040%1h0.7186−0.025%$93K$493K10xas long as short
MEXC ETHFI_USDT+0.0040%4h0.7187−0.005%$15.2M$3.8M125xas long as short
Aster ETHFIUSDT+0.0050%4h0.7197+0.134%$184K$262K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7191+0.051%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7200+0.180%$1.1M$896K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7201+0.195%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7188+0.009%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7192+0.064%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7190+0.036%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7194+0.092%$1.2M$272K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7186−0.019%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7190+0.036%$1.2Mas long as short
Variational Omni ETHFIshort+0.0100%4h0.7192+0.060%$1.1M$738K
Polymarket Perps ETHFI-USD+0.0100%1h0.7192+0.060%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7195+0.106%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0162%4h0.7201+0.189%$1.3M$291K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.690%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0549%1h0.7207+0.269%$277K$160K20xas long as short