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+0.0076%/8h= +8.3% APRpaid last 24h −0.006%
Price spread now: BingX against Extended+0.062%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.484% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.062%, 7d avg +0.080%
Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71250.0024pay 0.0003% / 1h9m 29s$92K$492K10x
ShortBingX ETHFI-USDT0.71290.0100get 0.0050% / 4h9m 29s$26.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$15.96
Price spread: +0.062% → +0.080%
−$1.79
Slippage, 4 orders
−$33.36
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$34.19
Costs to cover
0.484%
Break-even
22.0 days
Slippage from Extended: live order book, 3 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago2.10 bp17.0 bp −$17131.6 bp −$1,316doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago1.40 bp7.8 bp −$811.9 bp −$11921.4 bp −$2,13953.1 bp −$26.6K

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
Deribit ETHFI_USDC-PERPETUAL−0.0450%1h0.7136+0.160%$40K$14K10xas long as short
HTX ETHFI-USDT−0.0334%4h0.7110−0.205%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0188%4h0.7133+0.118%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP−0.0045%8h0.7127+0.029%$6K5xas long as short
Binance ETHFIUSDT+0.0019%4h0.7130+0.076%$24.9M$37.4M75xas long as short
MEXC ETHFI_USDT+0.0020%4h0.7127+0.034%$15.1M$3.8M125xas long as short
Extended ETHFI-USDlong+0.0024%1h0.7125long leg$92K$492K10x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.620%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0045%4h0.7115−0.128%$1.0M$745Kas long as short
BloFin ETHFI-USDT+0.0082%4h0.7126+0.020%$1.3M$284K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7132+0.104%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7140+0.211%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7135+0.139%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7134+0.132%$182K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7134+0.132%$18.1M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7139+0.202%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7129+0.062%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7128+0.048%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7132+0.104%$6.1M$5.8M75xas long as short
BingX ETHFI-USDTshort+0.0100%4h0.7129+0.062%$26.1M
Polymarket Perps ETHFI-USD+0.0100%1h0.7138+0.184%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7143+0.259%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.578%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0555%1h0.7141+0.228%$275K$162K20xas long as short