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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRnext payment $0.43 per $10,000 · paid last 24h −0.152%
Price spread now: Deribit against Extended+0.107%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
The price spread pays, funding is against you. Deribit is 0.107% dearer against Extended than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71820.0040pay 0.0005% / 1h29m 56s$93K$493K10x
ShortDeribit ETHFI_USDC-PERPETUAL0.7190−0.0306pay 0.0038% / 1h29m 56s$42K$18K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$72.66
Price spread: +0.107% → 0.000%
$10.66
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$74.01
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 48 min ago; Deribit: 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, 48 min ago2.66 bp17.9 bp −$18183.1 bp −$1,831doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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
HTX ETHFI-USDT−0.0332%4h0.7181−0.019%$83K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUALshort−0.0306%1h0.7190+0.107%$42K$18K10x
Orderly PERP_ETHFI_USDC−0.0190%4h0.7186+0.051%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0022%8h0.7183+0.014%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.803%$321$51K5.5xas long as short
Extended ETHFI-USDlong+0.0040%1h0.7182long leg$93K$493K10x
MEXC ETHFI_USDT+0.0040%4h0.7186+0.051%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0042%4h0.7182−0.005%$25.0M$37.2M75xas long as short
Aster ETHFIUSDT+0.0062%4h0.7195+0.175%$184K$262K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7184+0.029%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7199+0.229%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7199+0.230%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7183+0.009%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7187+0.065%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7187+0.065%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7187+0.065%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7182−0.005%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7188+0.079%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7193+0.144%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7193+0.143%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7189+0.093%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0166%4h0.7193+0.148%$1.3M$290K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.761%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7199+0.230%$277K$161K20xas long as short