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 +0.011%
Price spread now: Binance against Bitget−0.063%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days+0.093%+$9 · spread now −0.063%, 7d avg −0.017%
Together, before fees+0.132%+$13 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: Binance is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.71620.0100pay 0.0050% / 4h1h 22m$6.2M$5.3M75x
ShortBinance ETHFIUSDT0.71570.0100get 0.0050% / 4h1h 22m$24.9M$35.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: −0.063% → −0.017%
−$4.64
Slippage, 4 orders
−$41.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$67.91
Costs to cover
0.633%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 4 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 Bitget live order book, 1 min ago2.80 bp15.2 bp −$1522.5 bp −$225doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.70 bp15.8 bp −$1635.5 bp −$355146.8 bp −$14.7Kdoesn'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−0.0587%1h0.71620.000%$41K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0200%4h0.7161−0.014%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0085%4h0.7139−0.321%$88K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.089%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0077%8h0.7160−0.027%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7171+0.124%$1.1M$888K5xas long as short
Variational Omni ETHFI+0.0100%4h0.7095−0.935%$1.0M$727Kas long as short
Hyperliquid ETHFI+0.0100%1h0.7167+0.074%$17.9M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7168+0.090%$183K$256K10xas long as short
Binance ETHFIUSDTshort+0.0100%4h0.7157−0.063%$24.9M$35.5M75x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7159−0.042%$17.9M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7160−0.028%$5.1M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7165+0.042%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7159−0.042%$15.6M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7159−0.042%$1.2M$253K50xas long as short
Bitget ETHFIUSDTlong+0.0100%4h0.7162long leg$6.2M$5.3M75x
BingX ETHFI-USDT+0.0100%4h0.7167+0.070%$26.0Mas long as short
SunX ETHFI-USDT+0.0100%4h0.7164+0.028%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7158−0.059%$100K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7160−0.028%$9K3xas long as short
Kraken Futures PF_ETHFIUSD+0.0305%1h0.7162+0.004%$271K$202K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7144−0.251%$1.3M$250K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0512%1h0.7253+1.271%$32K$6K50xas long as short
Polymarket Perps ETHFI-USD+0.0526%1h0.7182+0.274%$71K$118K5xas long as short