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
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETHFI-PERP-INTX | 0.7237 | 0.0168 | pay 0.0021% / 1h | 42m 29s | $32K | $6K | 50x |
| Short | Extended ETHFI-USD | 0.7193 | 0.0024 | get 0.0003% / 1h | 42m 29s | $102K | $587K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 30 min ago | 2.10 bp | 16.1 bp −$16 | 127.1 bp −$1,271 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0638% | 4h | 0.7164 | −1.009% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0305% | 1h | 0.7199 | −0.525% | $41K | $14K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7198 | −0.539% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0177% | 4h | 0.7196 | −0.567% | $18.2M | $13.1M | 25x | as long as short |
| Variational Omni ETHFI | −0.0048% | 4h | 0.7168 | −0.948% | $1.0M | $744K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0038% | 8h | 0.7195 | −0.586% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0022% | 4h | 0.7195 | −0.580% | $15.4M | $3.8M | 125x | as long as short |
| Extended ETHFI-USDshort | +0.0024% | 1h | 0.7193 | −0.607% | $102K | $587K | 10x | |
| Binance ETHFIUSDT | +0.0025% | 4h | 0.7195 | −0.587% | $25.1M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.041% | $321 | $51K | 5.5x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7195 | −0.580% | $9K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0088% | 4h | 0.7191 | −0.636% | $1.3M | $277K | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7206 | −0.434% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7204 | −0.460% | $18.1M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7200 | −0.509% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7201 | −0.497% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7200 | −0.511% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7200 | −0.511% | $1.2M | $269K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7194 | −0.594% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7197 | −0.553% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7199 | −0.526% | $55K | $99K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7207 | −0.415% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | +0.0168% | 1h | 0.7237 | long leg | $32K | $6K | 50x | |
| Kraken Futures PF_ETHFIUSD | +0.0219% | 1h | 0.7202 | −0.483% | $273K | $165K | 20x | as long as short |
Coinbase International ETHFI-PERP-INTX
Extended ETHFI-USD
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
BloFin ETHFI-USDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Kraken Futures PF_ETHFIUSD