Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.005%
Price spread now: Extended against Bybit−0.072%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.072%, 7d avg −0.088%
=Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7107 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $18.2M | $12.8M | 25x |
| Short | Extended ETHFI-USD | 0.7102 | 0.0080 | get 0.0010% / 1h | 7m 19s | $92K | $495K | 10x |
Bybit ETHFIUSDT
Extended ETHFI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.2
- Price spread: −0.072% → −0.088%
- $1.62
- Slippage, 4 orders
- −$60.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$78.62
- Costs to cover
- 0.760%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 15 min ago.
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 Bybit live order book, 1 min ago | 1.40 bp | 21.3 bp −$21 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell Extended live order book, 15 min ago | 1.89 bp | 17.7 bp −$18 | 181.6 bp −$1,816 | doesn't fit | doesn't fit |
ETHFI on 24 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 | −0.0875% | 1h | 0.7105 | −0.028% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0270% | 4h | 0.7108 | +0.014% | $82K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0215% | 1h | 0.7108 | +0.009% | $279K | $145K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7101 | −0.084% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.871% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7110 | +0.036% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0040% | 4h | 0.7100 | −0.098% | $6.0M | $5.6M | 75x | as long as short |
| Binance ETHFIUSDT | +0.0077% | 4h | 0.7103 | −0.060% | $24.7M | $37.0M | 75x | as long as short |
| Extended ETHFI-USDshort | +0.0080% | 1h | 0.7102 | −0.072% | $92K | $495K | 10x | |
| MEXC ETHFI_USDT | +0.0082% | 4h | 0.7109 | +0.028% | $15.1M | $3.9M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7122 | +0.208% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7116 | +0.125% | $18.0M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7116 | +0.127% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7107 | long leg | $18.2M | $12.8M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7106 | −0.014% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7115 | +0.113% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7121 | +0.197% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7106 | −0.014% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | +0.511% | $1.0M | $729K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7115 | +0.110% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7106 | −0.014% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7100 | −0.098% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7165 | +0.816% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0326% | 4h | 0.7128 | +0.295% | $1.3M | $293K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT