Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.017%
Price spread now: Extended against OKX−0.125%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.125%, 7d avg −0.080%
=Together, before fees+0.084%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.045% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7167 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $4.9M | $12.5M | 20x |
| Short | Extended ETHFI-USD | 0.7158 | 0.0024 | get 0.0003% / 1h | 11m 31s | $93K | $493K | 10x |
OKX ETHFI-USDT-SWAP
Extended ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.96
- Price spread: −0.125% → −0.080%
- −$4.48
- Slippage, 4 orders
- −$47.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$82.8
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Extended: live order book, 6 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 OKX live order book, 2 min ago | 2.09 bp | 13.1 bp −$13 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 2.66 bp | 17.1 bp −$17 | 137.9 bp −$1,379 | 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 | −0.0447% | 1h | 0.7165 | −0.028% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7172 | +0.065% | $282K | $147K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0251% | 4h | 0.7150 | −0.237% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0186% | 4h | 0.7163 | −0.056% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0022% | 8h | 0.7161 | −0.086% | $6K | — | 5x | as long as short |
| Extended ETHFI-USDshort | +0.0024% | 1h | 0.7158 | −0.125% | $93K | $493K | 10x | |
| MEXC ETHFI_USDT | +0.0024% | 4h | 0.7160 | −0.098% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0026% | 4h | 0.7162 | −0.070% | $24.8M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.019% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7160 | −0.098% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ETHFIUSDT | +0.0092% | 4h | 0.7162 | −0.070% | $6.1M | $5.7M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7169 | +0.022% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7175 | +0.105% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.093% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7168 | +0.014% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7167 | long leg | $4.9M | $12.5M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7163 | −0.056% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7162 | −0.070% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7164 | −0.042% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7158 | −0.124% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7164 | −0.036% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7165 | −0.028% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0107% | 4h | 0.7152 | −0.209% | $1.2M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.140% | $31K | $6K | 50x | as long as short |
Bitget ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX