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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against BingX+0.101%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1651.654% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.101%, 7d avg −0.003%
Together, before fees−0.016%−$2 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 0.104% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETHFI-USDC0.69340.0100pay 0.0050% / 4h1h 37m$1.2M
ShortKuCoin ETHFIUSDTM0.69410.0100get 0.0050% / 4h1h 37m$1.2M$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.101% → −0.003%
$10.4
Slippage, 4 orders
−$143.39
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$154.98
Costs to cover
1.654%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 8 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 BingX live order book, 8 min ago1.44 bp28.6 bp −$2995.8 bp −$958605.7 bp −$60.6K790.0 bp −$395.0K
Sell KuCoin live order book, 8 min ago7.19 bp48.8 bp −$49200.4 bp −$2,004doesn'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−0.0470%1h0.6936+0.029%$40K$11K10xas long as short
HTX ETHFI-USDT−0.0399%4h0.6930−0.058%$82K$175K20xas long as short
Orderly PERP_ETHFI_USDC−0.0282%4h0.6935+0.014%$16K$1K10xas long as short
Variational Omni ETHFI−0.0164%4h0.6944+0.148%$923K$778Kas long as short
Bybit ETHFIUSDT−0.0063%4h0.6931−0.043%$17.2M$13.0M25xas long as short
Extended ETHFI-USD−0.0040%1h0.6934+0.005%$94K$506K10xas long as short
Binance ETHFIUSDT−0.0038%4h0.6930−0.057%$24.0M$36.1M75xas long as short
MEXC ETHFI_USDT−0.0038%4h0.6932−0.029%$15.4M$4.2M125xas long as short
Paradex ETHFI-USD-PERP−0.0024%8h0.6937+0.045%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.413%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6935+0.014%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6940+0.082%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6934−0.004%$16.7M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6941+0.104%$177K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6936+0.029%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6940+0.087%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.6941+0.101%$1.2M$229K50x
Bitget ETHFIUSDT+0.0100%4h0.6932−0.029%$6.0M$5.0M75xas long as short
BingX ETHFI-USDClong+0.0100%4h0.6934long leg$1.2M
Polymarket Perps ETHFI-USD+0.0100%1h0.6944+0.146%$63K$128K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6939+0.072%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0202%4h0.69340.000%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7066+1.904%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1693%1h0.6951+0.240%$289K$296K20xas long as short