Funding you earn now, next payment 23:00 UTC−0.0970%/8h= −106.2% APRpaid last 24h −0.138%
Price spread now: Deribit against BingX−0.042%54s7-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 −$29 a day on $10k at the current rate, and Deribit is 0.042% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7139 | 0.0100 | pay 0.0050% / 4h | 1h 54m | — | $1.2M | — |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7136 | −0.0870 | pay 0.0109% / 1h | 54m 22s | $42K | $18K | 10x |
BingX ETHFI-USDC
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$203.65
- Price spread: −0.042% → 0.000%
- −$4.2
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$224.85
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 1 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 BingX live order book, 1 min ago | 2.10 bp | 25.3 bp −$25 | 92.1 bp −$921 | 587.2 bp −$58.7K | 749.5 bp −$374.8K |
| 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 | −0.0870% | 1h | 0.7136 | −0.042% | $42K | $18K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7151 | +0.169% | $281K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0194% | 4h | 0.7127 | −0.168% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0173% | 4h | 0.7135 | −0.056% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.415% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7137 | −0.035% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0060% | 4h | 0.7138 | −0.014% | $6.1M | $5.7M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0078% | 4h | 0.7133 | −0.084% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7134 | −0.073% | $92K | $495K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0081% | 4h | 0.7133 | −0.089% | $24.8M | $37.1M | 75x | as long as short |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7141 | +0.031% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7143 | +0.059% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7143 | +0.050% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7140 | +0.014% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7140 | +0.014% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7143 | +0.056% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | 0.000% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7139 | long leg | — | $1.2M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7124 | −0.212% | $1.0M | $746K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7138 | −0.007% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7143 | +0.056% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7131 | −0.108% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7147 | +0.112% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0312% | 4h | 0.7135 | −0.056% | $1.3M | $292K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT