ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.087%

Price spread now: BloFin against Bitget−0.196%115s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.554% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.516%+$52 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.196%, 7d avg −0.012%

Together, before fees+0.593%+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.185% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.516%, so the current rate has only just turned against you. The two prices were read 115 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	Bitget ETHFIUSDT	0.7140	0.0100	pay 0.0050% / 4h	9m 25s	$6.1M	$5.8M	75x
Short	BloFin ETHFI-USDT	0.7126	0.0082	get 0.0041% / 4h	9m 25s	$1.3M	$284K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$3.68
Price spread: −0.196% → −0.012%: −$18.46
Slippage, 4 orders: −$31.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$77.58
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 3 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 Bitget live order book, 4 min ago	1.40 bp	15.8 bp −$16	28.4 bp −$284	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.70 bp	10.2 bp −$10	18.8 bp −$188	62.2 bp −$6,218	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
Deribit ETHFI_USDC-PERPETUAL	−0.0450%	1h	0.7136	−0.056%	$40K	$14K	10x	as long as short
HTX ETHFI-USDT	−0.0334%	4h	0.7110	−0.420%	$83K	$165K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0189%	4h	0.7142	+0.028%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	−0.0045%	8h	0.7127	−0.187%	$6K	—	5x	as long as short
Binance ETHFIUSDT	+0.0019%	4h	0.7139	−0.014%	$24.9M	$37.4M	75x	as long as short
MEXC ETHFI_USDT	+0.0020%	4h	0.7138	−0.028%	$15.2M	$3.8M	125x	as long as short
Extended ETHFI-USD	+0.0024%	1h	0.7125	−0.216%	$92K	$492K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.401%	$321	$51K	5.5x	as long as short
Variational Omni ETHFI	+0.0045%	4h	0.7115	−0.344%	$1.0M	$745K	—	as long as short
BloFin ETHFI-USDTshort	+0.0082%	4h	0.7126	−0.196%	$1.3M	$284K	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0088%	1h	0.7140	0.000%	$9K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7140	−0.006%	$1.1M	$897K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7138	−0.032%	$18.0M	$9.1M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7134	−0.079%	$182K	$259K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7141	+0.014%	$18.1M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7149	+0.126%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7140	0.000%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7130	−0.140%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDTlong	+0.0100%	4h	0.7140	long leg	$6.1M	$5.8M	75x
BingX ETHFI-USDT	+0.0100%	4h	0.7141	+0.014%	—	$26.1M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7138	−0.032%	$59K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7143	+0.042%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0216%	1h	0.7237	+1.359%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0555%	1h	0.7141	+0.012%	$275K	$162K	20x	as long as short