Funding arb · Price arb /

ETHFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.004%

Price spread now: Extended against BingX+0.010%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETHFI-USDT	0.7184	0.0100	pay 0.0050% / 4h	3h 19m	—	$26.1M	—
Short	Extended ETHFI-USD	0.7185	0.0064	get 0.0008% / 1h	19m 47s	$100K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee ExtendedbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$7.56
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: −$32.03
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$53.59
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 53 min ago.

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, 4 min ago	1.39 bp	7.5 bp −$8	13.0 bp −$130	21.9 bp −$2,186	73.3 bp −$36.6K
Sell Extended live order book, 53 min ago	2.10 bp	16.1 bp −$16	127.1 bp −$1,271	doesn't fit	doesn't fit

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
HTX ETHFI-USDT	−0.0838%	4h	0.7171	−0.181%	$83K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0584%	1h	0.7191	+0.097%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0204%	4h	0.7189	+0.070%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0038%	4h	0.7177	−0.093%	$1.0M	$725K	—	as long as short
Paradex ETHFI-USD-PERP	−0.0008%	8h	0.7178	−0.079%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.780%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDT	+0.0060%	4h	0.7188	+0.056%	$15.4M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0062%	4h	0.7178	−0.080%	$25.1M	$36.6M	75x	as long as short
Extended ETHFI-USDshort	+0.0064%	1h	0.7185	+0.010%	$100K	$392K	10x
Lighter ETHFI	+0.0096%	1h	0.7192	+0.110%	$1.1M	$894K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0096%	1h	0.7187	+0.047%	$9K	—	3x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7192	+0.111%	$18.0M	$8.6M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7192	+0.109%	$184K	$256K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7182	−0.028%	$18.2M	$12.7M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7188	+0.056%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7186	+0.028%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7185	+0.014%	$1.2M	$264K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7184	0.000%	$6.1M	$5.6M	75x	as long as short
BingX ETHFI-USDTlong	+0.0100%	4h	0.7184	long leg	—	$26.1M	—
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7187	+0.046%	$71K	$116K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7191	+0.097%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0168%	1h	0.7237	+0.738%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0220%	1h	0.7195	+0.154%	$273K	$166K	20x	as long as short
BloFin ETHFI-USDT	+0.0245%	4h	0.7185	+0.014%	$1.3M	$272K	75x	as long as short