Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Bybit against Extended+0.082%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.082%, 7d avg +0.088%
=Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETHFI-USD | 0.7106 | 0.0104 | pay 0.0013% / 1h | 44m 25s | $99K | $381K | 10x |
| Short | Bybit ETHFIUSDT | 0.7112 | 0.0100 | get 0.0050% / 4h | 1h 44m | $17.8M | $12.6M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.082% → +0.088%
- −$0.61
- Slippage, 4 orders
- −$53.66
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$71.11
- Costs to cover
- 0.697%
- Break-even
- never at this rate
Slippage from Extended: live order book, 18 min ago; Bybit: live order book, 4 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, 18 min ago | 1.75 bp | 15.7 bp −$16 | 119.6 bp −$1,196 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.41 bp | 18.7 bp −$19 | 42.1 bp −$421 | doesn't fit | 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 | −0.0312% | 1h | 0.7111 | +0.068% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0201% | 4h | 0.7111 | +0.068% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | +0.0004% | 4h | 0.7093 | −0.186% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.883% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0058% | 4h | 0.7092 | −0.196% | $1.0M | $731K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0067% | 8h | 0.7108 | +0.026% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7117 | +0.159% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7117 | +0.158% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7112 | +0.083% | $182K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7109 | +0.039% | $24.8M | $35.7M | 75x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7112 | +0.082% | $17.8M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7119 | +0.180% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7117 | +0.152% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7111 | +0.068% | $15.4M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7111 | +0.068% | $1.2M | $253K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7109 | +0.039% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7110 | +0.054% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7113 | +0.096% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USDlong | +0.0104% | 1h | 0.7106 | long leg | $99K | $381K | 10x | |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7107 | +0.014% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7110 | +0.060% | $269K | $200K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7096 | −0.143% | $1.2M | $248K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +2.066% | $32K | $6K | 50x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0527% | 1h | 0.7133 | +0.370% | $71K | $118K | 5x | as long as short |
Extended ETHFI-USD
Bybit ETHFIUSDT
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Polymarket Perps ETHFI-USD