Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.075%

Price spread now: Coinbase International against Gate+0.953%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.953% dearer against Gate than usual: you sell high and buy low: +$95 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ETHFI_USDT	0.7029	0.0100	pay 0.0050% / 4h	5m 10s	$1.7M	$2.0M	75x
Short	Coinbase International ETHFI-PERP-INTX	0.7096	0.0624	get 0.0078% / 1h	5m 10s	$31K	$6K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.953%Rate

Funding earned: $110.04
Price spread: +0.953% → 0.000%: $95.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $180.36
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	2.13 bp	32.3 bp −$32	214.1 bp −$2,141	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0461%	1h	0.7028	−0.014%	$40K	$12K	10x	as long as short
HTX ETHFI-USDT	−0.0406%	4h	0.7015	−0.199%	$87K	$168K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0234%	4h	0.7024	−0.071%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0005%	8h	0.7028	−0.013%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.002%	$321	$51K	5.5x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0044%	1h	0.7028	−0.016%	$263K	$210K	20x	as long as short
Variational Omni ETHFI	+0.0072%	4h	0.7029	+0.004%	$981K	$706K	—	as long as short
Lighter ETHFI	+0.0096%	1h	0.7034	+0.077%	$1.1M	$883K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7034	+0.071%	$17.4M	$7.8M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7034	+0.078%	$180K	$264K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ETHFIUSDT	+0.0100%	4h	0.7022	−0.100%	$24.4M	$35.2M	75x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7021	−0.114%	$17.6M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7029	0.000%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDTlong	+0.0100%	4h	0.7029	long leg	$1.7M	$2.0M	75x
MEXC ETHFI_USDT	+0.0100%	4h	0.7027	−0.028%	$15.8M	$4.1M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7029	0.000%	$1.2M	$232K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7020	−0.128%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7025	−0.057%	—	$8.9M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7042	+0.185%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7029	0.000%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7021	−0.111%	$95K	$381K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7023	−0.089%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7026	−0.043%	$1.2M	$246K	75x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0624%	1h	0.7096	+0.953%	$31K	$6K	50x