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

ETHFI

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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 +0.015%
Price spread now: KuCoin against Bitget+0.189%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1501.496% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days−0.166%−$17 · spread now +0.189%, 7d avg +0.017%
Together, before fees−0.115%−$12 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 0.171% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.68940.0100pay 0.0050% / 4h2h 29m$6.0M$5.3M75x
ShortKuCoin ETHFIUSDTM0.69070.0100get 0.0050% / 4h2h 29m$1.2M$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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: +0.189% → +0.017%
$17.15
Slippage, 4 orders
−$125.6
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$132.45
Costs to cover
1.496%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 11 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 Bitget live order book, 4 min ago1.44 bp15.2 bp −$1526.4 bp −$264doesn't fitdoesn't fit
Sell KuCoin live order book, 11 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
Kraken Futures PF_ETHFIUSD−0.0414%1h0.6919+0.364%$281K$280K20xas long as short
HTX ETHFI-USDT−0.0409%4h0.6897+0.044%$80K$183K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0329%1h0.6903+0.131%$39K$10K10xas long as short
Bybit ETHFIUSDT−0.0310%4h0.6897+0.044%$17.1M$12.9M25xas long as short
Orderly PERP_ETHFI_USDC−0.0265%4h0.6899+0.073%$16K$1K10xas long as short
Variational Omni ETHFI−0.0146%4h0.6900+0.093%$901K$762Kas long as short
Extended ETHFI-USD−0.0032%1h0.6897+0.047%$94K$502K10xas long as short
Binance ETHFIUSDT−0.0031%4h0.6899+0.066%$23.9M$35.6M75xas long as short
MEXC ETHFI_USDT−0.0028%4h0.6897+0.044%$15.6M$4.1M125xas long as short
Paradex ETHFI-USD-PERP−0.0012%8h0.6898+0.055%$6K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0018%4h0.6913+0.278%$177K$260K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+5.019%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.6900+0.087%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6905+0.165%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6906+0.173%$16.7M$8.4M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6902+0.116%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6908+0.203%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.6907+0.189%$1.2M$229K50x
Bitget ETHFIUSDTlong+0.0100%4h0.6894long leg$6.0M$5.3M75x
BingX ETHFI-USDC+0.0100%4h0.6900+0.087%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6908+0.209%$62K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6916+0.319%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0209%4h0.6900+0.087%$1.2M$236K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7054+2.321%$31K$5K50xas long as short