ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Bybit−0.103%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.103%, 7d avg −0.049%

Together, before fees+0.073%+$7 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 Binance is 0.055% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, 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	Bybit ETHFIUSDT	0.7140	0.0100	pay 0.0050% / 4h	1h 54m	$18.2M	$12.9M	25x
Short	Binance ETHFIUSDT	0.7133	0.0081	get 0.0040% / 4h	1h 54m	$24.8M	$37.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.103%Rate

Funding earned: −$4.02
Price spread: −0.103% → −0.049%: −$5.47
Slippage, 4 orders: −$37.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.11
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 2 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 Bybit live order book, 4 min ago	0.70 bp	14.0 bp −$14	42.7 bp −$427	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.70 bp	14.7 bp −$15	42.0 bp −$420	151.1 bp −$15.1K	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	−0.0870%	1h	0.7136	−0.056%	$42K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0253%	1h	0.7151	+0.155%	$281K	$145K	20x	as long as short
HTX ETHFI-USDT	−0.0194%	4h	0.7127	−0.182%	$83K	$165K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0173%	4h	0.7135	−0.070%	$16K	$1K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.401%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0041%	8h	0.7137	−0.049%	$6K	—	5x	as long as short
Bitget ETHFIUSDT	+0.0060%	4h	0.7138	−0.028%	$6.1M	$5.7M	75x	as long as short
MEXC ETHFI_USDT	+0.0078%	4h	0.7133	−0.098%	$15.2M	$3.8M	125x	as long as short
Extended ETHFI-USD	+0.0080%	1h	0.7134	−0.087%	$92K	$495K	10x	as long as short
Binance ETHFIUSDTshort	+0.0081%	4h	0.7133	−0.103%	$24.8M	$37.1M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7141	+0.017%	$1.1M	$898K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7143	+0.045%	$18.1M	$8.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7143	+0.036%	$182K	$256K	10x	as long as short
Bybit ETHFIUSDTlong	+0.0100%	4h	0.7140	long leg	$18.2M	$12.9M	25x
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7140	0.000%	$4.9M	$12.5M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7143	+0.042%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7139	−0.014%	$1.2M	$270K	50x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7139	−0.014%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7124	−0.226%	$1.0M	$746K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7138	−0.021%	$60K	$85K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7143	+0.042%	$2K	$1.1M	20x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7131	−0.122%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0304%	1h	0.7147	+0.098%	$31K	$8K	50x	as long as short
BloFin ETHFI-USDT	+0.0312%	4h	0.7135	−0.070%	$1.3M	$292K	75x	as long as short