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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0136%/8h= −14.9% APRnext payment $0.17 per $10,000 · paid last 24h −0.077%
Price spread now: Extended against Coinbase International−0.881%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.881% cheaper against Coinbase International than usual: you would sell low and buy high (−$88 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETHFI-PERP-INTX0.72370.0168pay 0.0021% / 1h35m 34s$32K$6K50x
ShortExtended ETHFI-USD0.71730.0032get 0.0004% / 1h35m 34s$101K$588K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$28.56
Price spread: −0.881% → 0.000%
−$88.05
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$131.61
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 37 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 37 min ago2.10 bp16.1 bp −$16127.1 bp −$1,271doesn't fitdoesn't fit
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0891%4h0.7169−0.940%$83K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0446%1h0.7184−0.732%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0199%4h0.7181−0.774%$16K$1K10xas long as short
Variational Omni ETHFI−0.0055%4h0.7179−0.796%$1.0M$734Kas long as short
Paradex ETHFI-USD-PERP−0.0038%8h0.7177−0.831%$6K5xas long as short
Bybit ETHFIUSDT−0.0018%4h0.7171−0.912%$18.1M$13.0M25xas long as short
MEXC ETHFI_USDT+0.0030%4h0.7177−0.829%$15.4M$3.8M125xas long as short
Extended ETHFI-USDshort+0.0032%1h0.7173−0.881%$101K$588K10x
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.041%$321$51K5.5xas long as short
Binance ETHFIUSDT+0.0035%4h0.7174−0.876%$25.0M$37.0M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7180−0.788%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7187−0.685%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7190−0.655%$18.0M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7182−0.765%$183K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7170−0.926%$5.0M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7182−0.760%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7186−0.705%$1.2M$268K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7168−0.953%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7176−0.843%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7176−0.837%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7188−0.677%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0126%4h0.7185−0.719%$1.3M$275K75xas long as short
Coinbase International ETHFI-PERP-INTXlong+0.0168%1h0.7237long leg$32K$6K50x
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7194−0.592%$273K$165K20xas long as short