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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against KuCoin−0.154%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days+0.180%+$18 · spread now −0.154%, 7d avg −0.014%
Together, before fees+0.129%+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.140% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHFIUSDTM0.71430.0100pay 0.0050% / 4h6m 32s$1.2M$270K50x
ShortBitget ETHFIUSDT0.71320.0100get 0.0050% / 4h6m 32s$6.1M$5.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
Price spread: −0.154% → −0.014%
−$13.98
Slippage, 4 orders
−$120.63
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$158.61
Costs to cover
1.446%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 2 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 KuCoin live order book, 3 min ago8.42 bp60.2 bp −$60215.3 bp −$2,153doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago1.40 bp16.9 bp −$1739.8 bp −$398doesn'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−0.0450%1h0.7140−0.042%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0329%4h0.7121−0.308%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7133−0.140%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP−0.0045%8h0.7133−0.138%$6K5xas long as short
Extended ETHFI-USD+0.0016%1h0.7132−0.160%$92K$492K10xas long as short
MEXC ETHFI_USDT+0.0018%4h0.7133−0.140%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0020%4h0.7133−0.140%$24.9M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.358%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0045%4h0.7115−0.385%$1.0M$745Kas long as short
BloFin ETHFI-USDT+0.0078%4h0.7132−0.154%$1.3M$281K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7135−0.112%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7146+0.045%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7141−0.028%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7140−0.043%$182K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7135−0.112%$18.1M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7141−0.028%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7141−0.028%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTMlong+0.0100%4h0.7143long leg$1.2M$270K50x
Bitget ETHFIUSDTshort+0.0100%4h0.7132−0.154%$6.1M$5.8M75x
BingX ETHFI-USDT+0.0100%4h0.7136−0.098%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7136−0.098%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7140−0.042%$1K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.316%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0554%1h0.7148+0.067%$275K$162K20xas long as short