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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Bitget+0.140%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$610.607% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.140%, 7d avg +0.032%
Together, before fees+0.021%+$2 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: OKX is 0.107% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.71610.0100pay 0.0050% / 4h2h 02m$6.2M$5.3M75x
ShortOKX ETHFI-USDT-SWAP0.71710.0100get 0.0050% / 4h2h 02m$5.0M$12.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.140% → +0.032%
$10.74
Slippage, 4 orders
−$38.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$50.01
Costs to cover
0.607%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago2.10 bp17.2 bp −$1741.8 bp −$418doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.40 bp13.2 bp −$1341.1 bp −$411doesn't fitdoesn't fit

ETHFI on 23 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−0.0308%1h0.7164+0.042%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0197%4h0.7162+0.014%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0113%4h0.7150−0.154%$88K$168K20xas long as short
Variational Omni ETHFI+0.0030%4h0.7139−0.311%$1.1M$717Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.103%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0065%8h0.7155−0.087%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7173+0.161%$1.1M$888K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7168+0.101%$17.9M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7168+0.095%$183K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7162+0.017%$24.9M$35.8M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7165+0.056%$18.0M$12.5M25xas long as short
OKX ETHFI-USDT-SWAPshort+0.0100%4h0.7171+0.140%$5.0M$12.3M20x
Gate ETHFI_USDT+0.0100%4h0.7164+0.042%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7160−0.014%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7167+0.084%$1.2M$254K50xas long as short
Bitget ETHFIUSDTlong+0.0100%4h0.7161long leg$6.2M$5.3M75x
BingX ETHFI-USDC+0.0100%4h0.7164+0.042%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7182+0.296%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7159−0.028%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7160−0.013%$97K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7159−0.028%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+1.285%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0226%1h0.7173+0.168%$275K$188K20xas long as short