Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.080%

Price spread now: Coinbase International against KuCoin+0.184%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 +$2 a day on $10k at the current rate, and Coinbase International is 0.184% dearer against KuCoin than usual: you sell high and buy low: +$18 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	KuCoin ETHFIUSDTM	0.7077	0.0100	pay 0.0050% / 4h	2h 28m	$1.2M	$269K	50x
Short	Coinbase International ETHFI-PERP-INTX	0.7090	0.0152	get 0.0019% / 1h	28m 10s	$31K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.184%Rate

Funding earned: $10.92
Price spread: +0.184% → 0.000%: $18.37
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $7.29
Costs to cover: 0.220%
Break-even: 2.3 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 2 min ago	10.52 bp	53.6 bp −$54	177.2 bp −$1,772	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	−0.0738%	1h	0.7076	−0.014%	$41K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0216%	1h	0.7075	−0.023%	$273K	$136K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0163%	4h	0.7074	−0.042%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0086%	4h	0.7066	−0.155%	$82K	$164K	20x	as long as short
Bitget ETHFIUSDT	+0.0028%	4h	0.7065	−0.170%	$6.0M	$5.6M	75x	as long as short
Paradex ETHFI-USD-PERP	+0.0028%	8h	0.7079	+0.032%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+2.303%	$321	$51K	5.5x	as long as short
Binance ETHFIUSDT	+0.0087%	4h	0.7123	+0.650%	$24.9M	$36.7M	75x	as long as short
Extended ETHFI-USD	+0.0088%	1h	0.7070	−0.097%	$92K	$495K	10x	as long as short
MEXC ETHFI_USDT	+0.0088%	4h	0.7069	−0.113%	$15.0M	$3.8M	125x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7078	+0.018%	$1.1M	$905K	5x	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7125	+0.681%	$1.0M	$718K	—	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7066	−0.155%	$18.3M	$8.6M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7080	+0.045%	$181K	$252K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7122	+0.636%	$18.2M	$12.7M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7113	+0.509%	$4.9M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7077	0.000%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTMlong	+0.0100%	4h	0.7077	long leg	$1.2M	$269K	50x
BingX ETHFI-USDT	+0.0100%	4h	0.7070	−0.099%	—	$25.9M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7080	+0.037%	$57K	$82K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7081	+0.057%	$1K	$1.1M	20x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7074	−0.042%	$8K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0152%	1h	0.7090	+0.184%	$31K	$8K	50x
BloFin ETHFI-USDT	+0.0330%	4h	0.7071	−0.085%	$1.3M	$291K	75x	as long as short