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

ETHFI

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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 +0.014%
Price spread now: Gate against OKX−0.056%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$860.860% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.064%−$6 on $10k
Price spread, last 7 days+0.021%+$2 · spread now −0.056%, 7d avg +0.007%
Together, before fees−0.043%−$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: Gate is 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETHFI-USDT-SWAP0.71990.0100pay 0.0050% / 4h34m 00s$4.9M$12.6M20x
ShortGate ETHFI_USDT0.71950.0100get 0.0050% / 4h34m 00s$1.7M$2.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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: −0.056% → +0.007%
−$6.28
Slippage, 4 orders
−$61.03
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$92.3
Costs to cover
0.860%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: 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 OKX live order book, 4 min ago0.69 bp16.1 bp −$1645.8 bp −$458doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago2.78 bp25.7 bp −$26180.3 bp −$1,803doesn'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
HTX ETHFI-USDT−0.0335%4h0.7188−0.153%$83K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7190−0.125%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7189−0.139%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0028%8h0.7188−0.146%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.570%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0038%4h0.7190−0.125%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0038%4h0.7194−0.069%$25.0M$37.2M75xas long as short
Extended ETHFI-USD+0.0040%1h0.7193−0.088%$93K$493K10xas long as short
Aster ETHFIUSDT+0.0050%4h0.7199−0.007%$184K$262K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7185−0.193%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7202+0.039%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7204+0.072%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7193−0.083%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAPlong+0.0100%4h0.7199long leg$4.9M$12.6M20x
Gate ETHFI_USDTshort+0.0100%4h0.7195−0.056%$1.7M$2.1M75x
KuCoin ETHFIUSDTM+0.0100%4h0.7190−0.125%$1.2M$272K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7191−0.111%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7192−0.097%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7192−0.102%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7195−0.053%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7193−0.083%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0153%4h0.7185−0.194%$1.3M$290K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.528%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7199+0.002%$277K$161K20xas long as short