Funding you earn now, next payment 22:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.071%
Price spread now: Extended against BloFin−0.366%114s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as 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−$580.582% of the position
Funding, last 7 days−0.475%−$48 on $10k
+Price spread, last 3 days (all we have)+0.404%+$40 · spread now −0.366%, 7d avg −0.060%
=Together, before fees−0.071%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.306% cheaper against BloFin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.060%). Swap the legs. The two prices were read 114 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 | BloFin ETHFI-USDT | 0.7176 | 0.0340 | pay 0.0170% / 4h | 2h 35m | $1.3M | $293K | 75x |
| Short | Extended ETHFI-USD | 0.7150 | 0.0096 | get 0.0012% / 1h | 35m 23s | $100K | $488K | 10x |
BloFin ETHFI-USDT
Extended ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BloFin. 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
- −$51.24
- Price spread: −0.366% → −0.060%
- −$30.64
- Slippage, 4 orders
- −$41.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$140.03
- Costs to cover
- 0.582%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 52 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 BloFin live order book, 2 min ago | 0.70 bp | 13.2 bp −$13 | 31.3 bp −$313 | 98.8 bp −$9,883 | doesn't fit |
| Sell Extended live order book, 52 min ago | 2.13 bp | 17.2 bp −$17 | 140.9 bp −$1,409 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7155 | −0.293% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7162 | −0.202% | $279K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0154% | 4h | 0.7150 | −0.362% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0029% | 4h | 0.7148 | −0.390% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0020% | 4h | 0.7148 | −0.390% | $6.1M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.892% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7150 | −0.363% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0093% | 4h | 0.7160 | −0.219% | $1.0M | $718K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7154 | −0.312% | $1.1M | $889K | 5x | as long as short |
| Extended ETHFI-USDshort | +0.0096% | 1h | 0.7150 | −0.366% | $100K | $488K | 10x |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDT | +0.0098% | 4h | 0.7151 | −0.353% | $25.2M | $35.8M | 75x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7156 | −0.281% | $19.1M | $7.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7159 | −0.233% | $182K | $248K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7153 | −0.321% | $18.4M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7154 | −0.307% | $4.9M | $11.9M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7151 | −0.348% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7149 | −0.376% | $15.4M | $3.7M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7152 | −0.334% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7152 | −0.334% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7167 | −0.128% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7157 | −0.265% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7150 | −0.362% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7207 | +0.432% | $32K | $8K | 50x | as long as short |
| BloFin ETHFI-USDTlong | +0.0340% | 4h | 0.7176 | long leg | $1.3M | $293K | 75x |
Binance ETHFIUSDT
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX