Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%
Price spread now: Extended against Bybit−0.012%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$690.685% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.012%, 7d avg −0.088%
=Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.076% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7222 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $18.6M | $12.4M | 25x |
| Short | Extended ETHFI-USD | 0.7221 | 0.0104 | get 0.0013% / 1h | 54m 36s | $101K | $488K | 10x |
Bybit ETHFIUSDT
Extended ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $0.84
- Price spread: −0.012% → −0.088%
- $7.57
- Slippage, 4 orders
- −$52.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$60.13
- Costs to cover
- 0.685%
- Break-even
- 508.0 days
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 33 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 | 0.69 bp | 16.9 bp −$17 | 43.0 bp −$430 | doesn't fit | doesn't fit |
| Sell Extended live order book, 33 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 | −0.0301% | 1h | 0.7257 | +0.485% | $44K | $16K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0210% | 1h | 0.7261 | +0.539% | $283K | $132K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0147% | 4h | 0.7252 | +0.415% | $17K | $1K | 10x | as long as short |
| Bitget ETHFIUSDT | +0.0012% | 4h | 0.7212 | −0.138% | $6.2M | $5.5M | 75x | as long as short |
| HTX ETHFI-USDT | +0.0014% | 4h | 0.7213 | −0.125% | $84K | $151K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.249% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0033% | 8h | 0.7217 | −0.063% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0042% | 4h | 0.7242 | +0.276% | $1.1M | $711K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7235 | +0.176% | $1.1M | $881K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7253 | +0.429% | $19.8M | $7.3M | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Bitget ETHFIUSDT
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7248 | +0.360% | $184K | $237K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7223 | +0.009% | $25.5M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7222 | long leg | $18.6M | $12.4M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7214 | −0.111% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7224 | +0.028% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7229 | +0.097% | $15.4M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7231 | +0.125% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7218 | −0.055% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7261 | +0.534% | $63K | $75K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7246 | +0.332% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USDshort | +0.0104% | 1h | 0.7221 | −0.012% | $101K | $488K | 10x | |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7252 | +0.414% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +0.637% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7246 | +0.332% | $1.3M | $292K | 75x | as long as short |
Aster ETHFIUSDT
Binance 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
BloFin ETHFI-USDT