ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0301%/8h= −32.9% APRnext payment −$1.50 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against KuCoin+0.014%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1421.422% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.014%, 7d avg +0.015%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETHFIUSDTM	0.7012	0.0100	pay 0.0050% / 4h	3h 10m	$1.2M	$226K	50x
Short	Bybit ETHFIUSDT	0.7013	−0.0201	pay 0.0100% / 4h	3h 10m	$17.4M	$12.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$63.18
Price spread: +0.014% → +0.015%: −$0.1
Slippage, 4 orders: −$119.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$205.45
Costs to cover: 1.422%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 3 min ago.

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 KuCoin live order book, 4 min ago	7.12 bp	52.3 bp −$52	164.0 bp −$1,640	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.42 bp	19.1 bp −$19	54.5 bp −$545	doesn't fit	doesn't fit

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	0.7023	+0.157%	$40K	$10K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0305%	1h	0.7030	+0.250%	$259K	$214K	20x	as long as short
HTX ETHFI-USDT	−0.0252%	4h	0.7014	+0.029%	$82K	$180K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0251%	4h	0.7020	+0.114%	$16K	$1K	10x	as long as short
Bybit ETHFIUSDTshort	−0.0201%	4h	0.7013	+0.014%	$17.4M	$12.5M	25x
Variational Omni ETHFI	−0.0034%	4h	0.7021	+0.131%	$980K	$703K	—	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.252%	$321	$51K	5.5x	as long as short
Binance ETHFIUSDT	+0.0035%	4h	0.7009	−0.043%	$24.4M	$34.7M	75x	as long as short
MEXC ETHFI_USDT	+0.0036%	4h	0.7009	−0.043%	$15.8M	$4.1M	125x	as long as short
Extended ETHFI-USD	+0.0040%	1h	0.7007	−0.071%	$97K	$431K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ETHFI-USD-PERP	+0.0059%	8h	0.7010	−0.026%	$6K	—	5x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7016	+0.055%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7020	+0.114%	$1.1M	$841K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7017	+0.077%	$17.4M	$7.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7020	+0.116%	$179K	$229K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7016	+0.057%	$5.1M	$12.2M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7017	+0.071%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTMlong	+0.0100%	4h	0.7012	long leg	$1.2M	$226K	50x
Bitget ETHFIUSDT	+0.0100%	4h	0.7013	+0.014%	$6.0M	$5.1M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7014	+0.029%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7025	+0.178%	$65K	$125K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7026	+0.200%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0151%	4h	0.7017	+0.071%	$1.2M	$242K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0544%	1h	0.7054	+0.599%	$31K	$6K	50x	as long as short