Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Binance against Extended+0.081%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.081%, 7d avg +0.042%
=Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 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: Binance is 0.039% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETHFI-USD | 0.7063 | 0.0104 | pay 0.0013% / 1h | 54m 07s | $96K | $378K | 10x |
| Short | Binance ETHFIUSDT | 0.7069 | 0.0100 | get 0.0050% / 4h | 54m 07s | $24.6M | $35.6M | 75x |
Extended ETHFI-USD
Binance ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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: +0.081% → +0.042%
- $3.93
- Slippage, 4 orders
- −$45.38
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.29
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Binance: live order book, 3 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 Extended live order book, 3 min ago | 1.56 bp | 16.4 bp −$16 | 169.0 bp −$1,690 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.71 bp | 14.3 bp −$14 | 40.4 bp −$404 | 160.4 bp −$16.0K | 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 | −0.0457% | 1h | 0.7067 | +0.053% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0208% | 4h | 0.7064 | +0.010% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0080% | 4h | 0.7061 | −0.032% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.502% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7073 | +0.138% | $264K | $213K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0071% | 8h | 0.7070 | +0.089% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7074 | +0.156% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7076 | +0.184% | $17.6M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7067 | +0.051% | $181K | $258K | 10x | as long as short |
| Binance ETHFIUSDTshort | +0.0100% | 4h | 0.7069 | +0.081% | $24.6M | $35.6M | 75x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7071 | +0.109% | $17.7M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7075 | +0.166% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7074 | +0.152% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7069 | +0.081% | $15.8M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7065 | +0.024% | $1.2M | $241K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7070 | +0.095% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7071 | +0.109% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7085 | +0.312% | $1.0M | $703K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7078 | +0.213% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7079 | +0.222% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USDlong | +0.0104% | 1h | 0.7063 | long leg | $96K | $378K | 10x | |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7063 | −0.007% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7068 | +0.067% | $1.2M | $245K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7064 | +0.010% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX