ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0785%/8h= −86.0% APRnext payment −$0.98 per $10,000 · paid last 24h −0.166%

Price spread now: Kraken Futures against Coinbase International−0.921%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 Kraken Futures

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 −$24 a day on $10k at the current rate, and Kraken Futures is 0.921% cheaper against Coinbase International than usual: you would sell low and buy high (−$92 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	0.7054	0.0376	pay 0.0047% / 1h	48m 27s	$31K	$5K	50x
Short	Kraken Futures PF_ETHFIUSD	0.6989	−0.0409	pay 0.0051% / 1h	48m 27s	$277K	$260K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.921%Rate

Funding earned: −$164.93
Price spread: −0.921% → 0.000%: −$92.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$277.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 64 min ago. 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 Kraken Futures live order book, 64 min ago	7.08 bp	25.5 bp −$26	127.2 bp −$1,272	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: 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	−0.0609%	1h	0.6977	−1.092%	$40K	$10K	10x	as long as short
Kraken Futures PF_ETHFIUSDshort	−0.0409%	1h	0.6989	−0.921%	$277K	$260K	20x
HTX ETHFI-USDT	−0.0399%	4h	0.6961	−1.318%	$81K	$182K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0258%	4h	0.6975	−1.120%	$16K	$1K	10x	as long as short
Bybit ETHFIUSDT	−0.0182%	4h	0.6981	−1.035%	$17.4M	$12.7M	25x	as long as short
Variational Omni ETHFI	−0.0065%	4h	0.6978	−1.073%	$951K	$724K	—	as long as short
Extended ETHFI-USD	0.0000%	1h	0.6978	−1.075%	$95K	$506K	10x	as long as short
Binance ETHFIUSDT	+0.0001%	4h	0.6980	−1.055%	$24.2M	$35.4M	75x	as long as short
MEXC ETHFI_USDT	+0.0002%	4h	0.6981	−1.035%	$15.8M	$4.1M	125x	as long as short
BloFin ETHFI-USDT	+0.0014%	4h	0.6978	−1.077%	$1.2M	$238K	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ETHFIUSDT	+0.0015%	4h	0.6984	−0.992%	$178K	$255K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0029%	8h	0.6980	−1.045%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+2.637%	$321	$51K	5.5x	as long as short
Aevo ETHFI-PERP	+0.0080%	1h	0.6970	−1.185%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6985	−0.978%	$1.1M	$830K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6984	−0.998%	$17.1M	$8.3M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6985	−0.978%	$5.0M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6985	−0.978%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6977	−1.092%	$1.2M	$230K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6978	−1.077%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6983	−1.007%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6981	−1.033%	$63K	$126K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6984	−0.992%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0376%	1h	0.7054	long leg	$31K	$5K	50x