ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.012%

Price spread now: Gate against Variational Omni−0.079%7-day average −0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.079%, 7d avg −0.009%

Together, before fees+0.108%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.069% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.009%). If the spread goes back, that is −$7 on $10k: about 3.2 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.012% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETHFI	0.7214	0.0029	pay 0.0015% / 4h	2h 11m	$1.1M	$717K	—
Short	Gate ETHFI_USDT	0.7208	0.0100	get 0.0050% / 4h	2h 11m	$1.7M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.079%Rate

Funding earned: $14.89
Price spread: −0.079% → −0.009%: −$6.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.01
Costs to cover: 0.150%
Break-even: 10.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: live order book, 1 min ago. 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 Variational Omni RFQ quote, 2 min ago	4.85 bp	doesn't fit	46.4 bp −$464	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.08 bp	27.5 bp −$28	192.0 bp −$1,920	doesn't fit	doesn't fit

ETHFI on 23 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	−0.0304%	1h	0.7212	−0.023%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0204%	4h	0.7208	−0.079%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0167%	4h	0.7184	−0.411%	$88K	$168K	20x	as long as short
Variational Omni ETHFIlong	+0.0029%	4h	0.7214	long leg	$1.1M	$717K	—
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.365%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0059%	8h	0.7203	−0.142%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7218	+0.056%	$1.1M	$887K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7219	+0.081%	$18.2M	$8.4M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7207	−0.088%	$184K	$258K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7204	−0.139%	$25.0M	$36.0M	75x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7204	−0.134%	$18.1M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7207	−0.092%	$5.1M	$12.4M	20x	as long as short
Gate ETHFI_USDTshort	+0.0100%	4h	0.7208	−0.079%	$1.7M	$2.0M	75x
MEXC ETHFI_USDT	+0.0100%	4h	0.7204	−0.134%	$15.6M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7204	−0.134%	$1.2M	$256K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7205	−0.120%	$6.2M	$5.4M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7210	−0.051%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7227	+0.182%	$72K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7207	−0.092%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7203	−0.145%	$98K	$376K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7205	−0.120%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0160%	1h	0.7253	+0.545%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0225%	1h	0.7216	+0.030%	$274K	$182K	20x	as long as short