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: KuCoin against OKX−0.101%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1461.459% 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+0.044%+$4 · spread now −0.101%, 7d avg −0.016%
Together, before fees+0.067%+$7 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: KuCoin is 0.084% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETHFI-USDT-SWAP0.69540.0100pay 0.0050% / 4h2h 36m$5.0M$12.3M20x
ShortKuCoin ETHFIUSDTM0.69470.0100get 0.0050% / 4h2h 36m$1.2M$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.101% → −0.016%
−$8.44
Slippage, 4 orders
−$123.9
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$154.34
Costs to cover
1.459%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: 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, 2 min ago1.44 bp14.4 bp −$1437.8 bp −$378doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago9.41 bp53.6 bp −$54208.0 bp −$2,080doesn'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−0.0470%1h0.6942−0.173%$39K$10K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0411%1h0.6961+0.094%$285K$277K20xas long as short
HTX ETHFI-USDT−0.0409%4h0.6940−0.201%$80K$183K20xas long as short
Bybit ETHFIUSDT−0.0282%4h0.6949−0.072%$17.3M$12.8M25xas long as short
Orderly PERP_ETHFI_USDC−0.0263%4h0.6938−0.230%$16K$1K10xas long as short
Variational Omni ETHFI−0.0092%4h0.6932−0.310%$947K$722Kas long as short
Binance ETHFIUSDT−0.0024%4h0.6947−0.101%$24.1M$35.6M75xas long as short
Extended ETHFI-USD−0.0024%1h0.6937−0.250%$94K$502K10xas long as short
MEXC ETHFI_USDT−0.0022%4h0.6945−0.129%$15.7M$4.1M125xas long as short
Aster ETHFIUSDT−0.0002%4h0.6951−0.046%$178K$260K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERP+0.0005%8h0.6948−0.087%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.113%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.6943−0.162%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6950−0.058%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6951−0.049%$16.9M$8.4M5xas long as short
OKX ETHFI-USDT-SWAPlong+0.0100%4h0.6954long leg$5.0M$12.3M20x
Gate ETHFI_USDT+0.0100%4h0.6951−0.043%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.6947−0.101%$1.2M$232K50x
Bitget ETHFIUSDT+0.0100%4h0.6946−0.115%$6.0M$5.3M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6950−0.058%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6952−0.026%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6959+0.072%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0217%4h0.6942−0.173%$1.2M$237K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7054+1.438%$31K$5K50xas long as short