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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against KuCoin−0.014%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as 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−0.023%−$2 on $10k
Price spread, last 7 days+0.063%+$6 · spread now −0.014%, 7d avg +0.016%
Together, before fees+0.040%+$4 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: OKX is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHFIUSDTM0.69510.0100pay 0.0050% / 4h39m 36s$1.2M$224K50x
ShortOKX ETHFI-USDT-SWAP0.69500.0100get 0.0050% / 4h39m 36s$5.1M$12.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.014% → +0.016%
−$3.05
Slippage, 4 orders
−$122.62
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$147.67
Costs to cover
1.446%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago7.91 bp61.1 bp −$61183.1 bp −$1,831doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.15 bp15.4 bp −$1546.5 bp −$465doesn'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−0.0468%1h0.6954+0.043%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0413%4h0.6948−0.043%$82K$168K20xas long as short
Orderly PERP_ETHFI_USDC−0.0292%4h0.69510.000%$16K$1K10xas long as short
Variational Omni ETHFI−0.0142%4h0.6964+0.182%$917K$785Kas long as short
Paradex ETHFI-USD-PERP−0.0073%8h0.6942−0.130%$6K5xas long as short
Binance ETHFIUSDT−0.0034%4h0.6940−0.158%$24.1M$36.1M75xas long as short
Extended ETHFI-USD−0.0032%1h0.6940−0.156%$95K$503K10xas long as short
MEXC ETHFI_USDT−0.0030%4h0.6945−0.086%$15.7M$4.2M125xas long as short
Bybit ETHFIUSDT−0.0027%4h0.6947−0.058%$17.1M$13.1M25xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.158%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6948−0.041%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6953+0.030%$1.1M$828K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6954+0.040%$16.7M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6952+0.008%$178K$263K10xas long as short
OKX ETHFI-USDT-SWAPshort+0.0100%4h0.6950−0.014%$5.1M$12.6M20x
Gate ETHFI_USDT+0.0100%4h0.69510.000%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMlong+0.0100%4h0.6951long leg$1.2M$224K50x
Bitget ETHFIUSDT+0.0100%4h0.6941−0.144%$6.0M$4.8M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6947−0.058%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6959+0.112%$52K$149K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6958+0.101%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0208%4h0.6961+0.144%$1.2M$241K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0272%1h0.6990+0.561%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0820%1h0.6970+0.269%$291K$285K20xas long as short