ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0467%/8h= −51.1% APRpaid last 24h −0.087%

Price spread now: Variational Omni against Coinbase International−0.427%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.427% cheaper against Coinbase International than usual: you would sell low and buy high (−$43 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	0.7075	0.0544	pay 0.0068% / 1h	49m 13s	$31K	$6K	50x
Short	Variational Omni ETHFI	0.7045	0.0077	get 0.0039% / 4h	3h 49m	$983K	$703K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.427%Rate

Funding earned: −$98
Price spread: −0.427% → 0.000%: −$42.73
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$150.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 40 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 Variational Omni RFQ quote, 40 min ago	4.95 bp	doesn't fit	45.9 bp −$459	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
HTX ETHFI-USDT	−0.0952%	4h	0.7007	−0.961%	$85K	$171K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0604%	1h	0.7020	−0.777%	$40K	$11K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0305%	1h	0.7025	−0.712%	$263K	$209K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0238%	4h	0.7018	−0.806%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0004%	8h	0.7023	−0.730%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+2.332%	$321	$51K	5.5x	as long as short
Variational Omni ETHFIshort	+0.0077%	4h	0.7045	−0.427%	$983K	$703K	—
Binance ETHFIUSDT	+0.0084%	4h	0.7017	−0.820%	$24.3M	$35.1M	75x	as long as short
Extended ETHFI-USD	+0.0088%	1h	0.7014	−0.863%	$95K	$379K	10x	as long as short
MEXC ETHFI_USDT	+0.0088%	4h	0.7017	−0.820%	$15.9M	$4.0M	125x	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	0.7029	−0.650%	$1.1M	$841K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7019	−0.792%	$17.4M	$8.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7025	−0.701%	$179K	$227K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7021	−0.763%	$17.6M	$12.5M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7025	−0.707%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7022	−0.749%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7028	−0.664%	$1.2M	$229K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7018	−0.806%	$6.0M	$5.2M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7019	−0.792%	—	$8.9M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7030	−0.642%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7023	−0.735%	$2K	$1.1M	20x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7019	−0.796%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0324%	4h	0.7018	−0.806%	$1.2M	$243K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0544%	1h	0.7075	long leg	$31K	$6K	50x