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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.079%
Price spread now: Coinbase International against Extended+0.634%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.634% dearer against Extended than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.72220.0104pay 0.0013% / 1h54m 07s$101K$488K10x
ShortCoinbase International ETHFI-PERP-INTX0.72680.0152get 0.0019% / 1h54m 07s$32K$9K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$10.08
Price spread: +0.634% → 0.000%
$63.38
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$58.46
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 33 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 33 min ago2.13 bp17.2 bp −$17159.0 bp −$1,590doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0580%1h0.7227+0.066%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0211%1h0.7228+0.082%$281K$132K20xas long as short
Orderly PERP_ETHFI_USDC−0.0147%4h0.7224+0.025%$17K$1K10xas long as short
HTX ETHFI-USDT+0.0008%4h0.7209−0.183%$84K$151K20xas long as short
Bitget ETHFIUSDT+0.0012%4h0.7225+0.038%$6.2M$5.5M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.246%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0033%8h0.7217−0.066%$6K5xas long as short
Variational Omni ETHFI+0.0042%4h0.7242+0.273%$1.1M$711Kas long as short
Lighter ETHFI+0.0096%1h0.7225+0.044%$1.1M$881K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7245+0.313%$19.8M$7.3M5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0100%4h0.7224+0.030%$184K$237K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7222−0.003%$25.5M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7230+0.108%$18.6M$12.4M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7228+0.080%$4.9M$12.1M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7230+0.108%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7225+0.038%$15.4M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7222−0.003%$1.2M$271K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7228+0.080%$25.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7236+0.185%$57K$81K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7227+0.066%$2K$1.0M20xas long as short
Extended ETHFI-USDlong+0.0104%1h0.7222long leg$101K$488K10x
Aevo ETHFI-PERP+0.0104%1h0.7225+0.038%$9K3xas long as short
Coinbase International ETHFI-PERP-INTXshort+0.0152%1h0.7268+0.634%$32K$9K50x
BloFin ETHFI-USDT+0.0340%4h0.7246+0.329%$1.3M$292K75xas long as short