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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.065%
Price spread now: BloFin against Extended+0.250%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$600.601% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.471%+$47 on $10k
Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.250%, 7d avg +0.041%
Together, before fees+0.216%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.209% dearer against Extended than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.6961−0.0024get 0.0003% / 1h46m 50s$95K$503K10x
ShortBloFin ETHFI-USDT0.69780.0218get 0.0109% / 4h46m 50s$1.2M$241K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$50.73
Price spread: +0.250% → +0.041%
$20.9
Slippage, 4 orders
−$43.13
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$11.5
Costs to cover
0.601%
Break-even
5.4 days
Slippage from Extended: live order book, 56 min ago; BloFin: live order book, just now.

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, 56 min ago2.53 bp18.5 bp −$18155.9 bp −$1,559doesn't fitdoesn't fit
Sell BloFin live order book, just now1.44 bp11.2 bp −$1122.5 bp −$22568.9 bp −$6,893doesn't fit

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−0.0466%1h0.6974+0.193%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0423%4h0.6972+0.164%$83K$168K20xas long as short
Orderly PERP_ETHFI_USDC−0.0290%4h0.6972+0.164%$16K$1K10xas long as short
Variational Omni ETHFI−0.0114%4h0.6943−0.258%$915K$785Kas long as short
Paradex ETHFI-USD-PERP−0.0034%8h0.6977+0.235%$6K5xas long as short
Extended ETHFI-USDlong−0.0024%1h0.6961long leg$95K$503K10x
MEXC ETHFI_USDT−0.0024%4h0.6964+0.049%$15.8M$4.1M125xas long as short
Binance ETHFIUSDT−0.0022%4h0.6960−0.008%$24.2M$36.0M75xas long as short
Bybit ETHFIUSDT+0.0013%4h0.6962+0.020%$17.2M$13.1M25xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.014%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6966+0.077%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6976+0.221%$1.1M$828K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6968+0.106%$16.7M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6972+0.164%$178K$263K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6965+0.063%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6975+0.207%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6975+0.207%$1.2M$223K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6960−0.008%$6.1M$4.8M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6969+0.121%$10.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6989+0.402%$53K$149K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6976+0.221%$1K$1.1M20xas long as short
BloFin ETHFI-USDTshort+0.0218%4h0.6978+0.250%$1.2M$241K75x
Coinbase International ETHFI-PERP-INTX+0.0272%1h0.6990+0.423%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0818%1h0.6985+0.345%$291K$285K20xas long as short