ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.093%

Price spread now: Injective against Coinbase International+3.755%64s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Injective

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

The price spread pays, funding is against you. Injective is 3.755% dearer against Coinbase International than usual: you sell high and buy low (spread +3.755% now, against zero (this spread has no 7-day history yet)): +$375 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.6978	0.0328	pay 0.0041% / 1h	5m 51s	$32K	$6K	50x
Short	Injective ETHFI/USDC PERP	0.7240	0.0033	get 0.0004% / 1h	5m 51s	$321	$51K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +3.755%Rate

Funding earned: −$61.88
Price spread: +3.755% → 0.000%: $375.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $303.57
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Coinbase International and Injective: 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-PERPETUAL	−0.0467%	1h	0.6964	−0.201%	$41K	$11K	10x	as long as short
HTX ETHFI-USDT	−0.0417%	4h	0.6962	−0.229%	$83K	$174K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0279%	4h	0.6966	−0.172%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0131%	4h	0.6964	−0.198%	$916K	$785K	—	as long as short
Paradex ETHFI-USD-PERP	−0.0012%	8h	0.6967	−0.152%	$6K	—	5x	as long as short
MEXC ETHFI_USDT	−0.0012%	4h	0.6963	−0.215%	$15.8M	$4.2M	125x	as long as short
Binance ETHFIUSDT	−0.0011%	4h	0.6961	−0.251%	$24.2M	$36.4M	75x	as long as short
Extended ETHFI-USD	−0.0008%	1h	0.6962	−0.230%	$95K	$505K	10x	as long as short
Injective ETHFI/USDC PERPshort	+0.0033%	1h	0.7240	+3.755%	$321	$51K	5.5x
Bybit ETHFIUSDT	+0.0049%	4h	0.6965	−0.186%	$17.2M	$13.1M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0080%	1h	0.6960	−0.258%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6973	−0.076%	$1.1M	$832K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6973	−0.072%	$16.7M	$8.7M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6972	−0.092%	$178K	$263K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6968	−0.143%	$5.1M	$12.7M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6973	−0.072%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6966	−0.172%	$1.2M	$228K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6964	−0.201%	$6.1M	$4.9M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6966	−0.172%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6976	−0.029%	$52K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6966	−0.172%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0228%	4h	0.6943	−0.502%	$1.2M	$240K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0328%	1h	0.6978	long leg	$32K	$6K	50x
Kraken Futures PF_ETHFIUSD	+0.1686%	1h	0.6978	+0.002%	$291K	$295K	20x	as long as short