Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRnext payment $0.18 per $10,000 · paid last 24h −0.077%
Price spread now: Extended against Coinbase International−0.607%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.607% cheaper against Coinbase International than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETHFI-PERP-INTX0.72370.0168pay 0.0021% / 1h42m 29s$32K$6K50x
ShortExtended ETHFI-USD0.71930.0024get 0.0003% / 1h42m 29s$102K$587K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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
−$30.24
Price spread: −0.607% → 0.000%
−$60.72
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$105.96
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 30 min ago2.10 bp16.1 bp −$16127.1 bp −$1,271doesn't fitdoesn't fit
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
HTX ETHFI-USDT−0.0638%4h0.7164−1.009%$83K$165K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0305%1h0.7199−0.525%$41K$14K10xas long as short
Orderly PERP_ETHFI_USDC−0.0197%4h0.7198−0.539%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0177%4h0.7196−0.567%$18.2M$13.1M25xas long as short
Variational Omni ETHFI−0.0048%4h0.7168−0.948%$1.0M$744Kas long as short
Paradex ETHFI-USD-PERP−0.0038%8h0.7195−0.586%$6K5xas long as short
MEXC ETHFI_USDT+0.0022%4h0.7195−0.580%$15.4M$3.8M125xas long as short
Extended ETHFI-USDshort+0.0024%1h0.7193−0.607%$102K$587K10x
Binance ETHFIUSDT+0.0025%4h0.7195−0.587%$25.1M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.041%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7195−0.580%$9K3xas long as short
BloFin ETHFI-USDT+0.0088%4h0.7191−0.636%$1.3M$277K75xas long as short
Lighter ETHFI+0.0096%1h0.7206−0.434%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7204−0.460%$18.1M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7200−0.509%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7201−0.497%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7200−0.511%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7200−0.511%$1.2M$269K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7194−0.594%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7197−0.553%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7199−0.526%$55K$99K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7207−0.415%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTXlong+0.0168%1h0.7237long leg$32K$6K50x
Kraken Futures PF_ETHFIUSD+0.0219%1h0.7202−0.483%$273K$165K20xas long as short