ETHFI

Alert

Funding spread now, next payment 16:00 UTC+0.0200%/8h

next payment, per $10,000+$0.25paid, last 24h−0.061%paid, last 5 days+0.282%to open and closeno order book

Long on Coinbase International Short on Hyperliquid

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7339	0.0288	pay 0.0036% / 1h	31m 16s	$32K	$55K	50x
Short	Hyperliquid ETHFI	0.7347	0.0488	get 0.0061% / 1h	31m 16s	$20.4M	$7.3M	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: $42.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $23.04
Break-even: 3.2 days

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.113%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 3 min ago	0.48 bp	doesn't fit	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ETHFIUSD	−0.0287%	1h	$283K	$184K	20x	as long as short
HTX ETHFI-USDT	−0.0209%	4h	$85K	$160K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0159%	1h	$45K	$18K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0114%	4h	$17K	$1K	10x	as long as short
OKX ETHFI-USDT-SWAP	0.0000%	4h	$5.0M	$12.3M	20x	as long as short
Paradex ETHFI-USD-PERP	+0.0016%	8h	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	$330	$56K	5.5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	$187K	$251K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$25.9M	$36.2M	75x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	$19.0M	$13.0M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ETHFI_USDT	+0.0100%	4h	$1.8M	$1.9M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.7M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$275K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	$6.3M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	$1.1M	$841K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$52K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$1K	$1.0M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	$109K	$490K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Lighter ETHFI	+0.0192%	1h	$1.3M	$557K	5x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0288%	1h	$32K	$55K	50x
BloFin ETHFI-USDT	+0.0340%	4h	$1.4M	$293K	75x	as long as short
Hyperliquid ETHFIshort	+0.0488%	1h	$20.4M	$7.3M	5x