ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0661%/8h= −72.4% APRnext payment −$0.83 per $10,000 · paid last 24h −0.229%

Price spread now: Deribit against Coinbase International−0.705%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.705% cheaper against Coinbase International than usual: you would sell low and buy high (−$70 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7237	0.0216	pay 0.0027% / 1h	24m 47s	$32K	$6K	50x
Short	Deribit ETHFI_USDC-PERPETUAL	0.7186	−0.0445	pay 0.0056% / 1h	24m 47s	$42K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.705%Rate

Funding earned: −$138.88
Price spread: −0.705% → 0.000%: −$70.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$226.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0445%	1h	0.7186	−0.705%	$42K	$18K	10x
HTX ETHFI-USDT	−0.0356%	4h	0.7170	−0.926%	$83K	$165K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0187%	4h	0.7183	−0.746%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0006%	8h	0.7179	−0.806%	$6K	—	5x	as long as short
Extended ETHFI-USD	+0.0032%	1h	0.7178	−0.817%	$93K	$492K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.041%	$321	$51K	5.5x	as long as short
Binance ETHFIUSDT	+0.0035%	4h	0.7179	−0.801%	$25.0M	$37.3M	75x	as long as short
MEXC ETHFI_USDT	+0.0036%	4h	0.7179	−0.801%	$15.3M	$3.8M	125x	as long as short
Aster ETHFIUSDT	+0.0074%	4h	0.7185	−0.719%	$183K	$259K	10x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7180	−0.788%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7193	−0.602%	$1.1M	$897K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7191	−0.633%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7180	−0.788%	$18.2M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7184	−0.732%	$5.0M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7183	−0.746%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7180	−0.788%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7181	−0.774%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7182	−0.760%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7178	−0.820%	$1.1M	$738K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7182	−0.754%	$59K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7181	−0.774%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0140%	4h	0.7173	−0.884%	$1.3M	$288K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0216%	1h	0.7237	long leg	$32K	$6K	50x
Kraken Futures PF_ETHFIUSD	+0.0551%	1h	0.7192	−0.622%	$277K	$161K	20x	as long as short