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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71060.0104pay 0.0013% / 1h44m 25s$99K$381K10x
ShortBybit ETHFIUSDT0.71120.0100get 0.0050% / 4h1h 44m$17.8M$12.6M25x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 18 min ago1.75 bp15.7 bp −$16119.6 bp −$1,196doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.41 bp18.7 bp −$1942.1 bp −$421doesn't fitdoesn'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−0.0312%1h0.7111+0.068%$40K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0201%4h0.7111+0.068%$16K$1K10xas long as short
HTX ETHFI-USDT+0.0004%4h0.7093−0.186%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.883%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0058%4h0.7092−0.196%$1.0M$731Kas long as short
Paradex ETHFI-USD-PERP+0.0067%8h0.7108+0.026%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7117+0.159%$1.1M$888K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7117+0.158%$17.8M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7112+0.083%$182K$256K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7109+0.039%$24.8M$35.7M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDTshort+0.0100%4h0.7112+0.082%$17.8M$12.6M25x
OKX ETHFI-USDT-SWAP+0.0100%4h0.7119+0.180%$5.0M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7117+0.152%$1.7M$1.9M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7111+0.068%$15.4M$3.9M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7111+0.068%$1.2M$253K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7109+0.039%$6.1M$5.3M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7110+0.054%$1.2Mas long as short
SunX ETHFI-USDT+0.0100%4h0.7113+0.096%$2K$1.1M20xas long as short
Extended ETHFI-USDlong+0.0104%1h0.7106long leg$99K$381K10x
Aevo ETHFI-PERP+0.0104%1h0.7107+0.014%$8K3xas long as short
Kraken Futures PF_ETHFIUSD+0.0307%1h0.7110+0.060%$269K$200K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7096−0.143%$1.2M$248K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0512%1h0.7253+2.066%$32K$6K50xas long as short
Polymarket Perps ETHFI-USD+0.0527%1h0.7133+0.370%$71K$118K5xas long as short