ETHFI

Alert

Funding spread now, next payment 17:00 UTC+0.0124%/8h

paid, last 24h+0.150%paid, last 5 days+0.506%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETHFI_USDC-PERPETUAL	0.7287	−0.0024	get 0.0003% / 1h	23m 12s	$44K	$18K	10x
Short	Bybit ETHFIUSDT	0.7284	0.0100	get 0.0050% / 4h	3h 23m	$18.9M	$12.7M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BybitbpOrdersRate

Funding earned: $26.12
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.12
Break-even: 4.8 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.041%
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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.37 bp	18.3 bp −$18	50.6 bp −$506	doesn't fit	doesn't fit

Deribit: 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	−0.0288%	1h	$281K	$175K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0119%	4h	$17K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0053%	4h	$84K	$160K	20x	as long as short
Deribit ETHFI_USDC-PERPETUALlong	−0.0024%	1h	$44K	$18K	10x
Paradex ETHFI-USD-PERP	+0.0011%	8h	$6K	—	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0031%	4h	$4.9M	$12.0M	20x	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	$25.8M	$35.7M	75x	as long as short
Bybit ETHFIUSDTshort	+0.0100%	4h	$18.9M	$12.7M	25x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ETHFI_USDT	+0.0100%	4h	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.6M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$273K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	$6.2M	$5.6M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	—	$25.9M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	$1.1M	$842K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$52K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$2K	$1.0M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	$109K	$486K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Lighter ETHFI	+0.0224%	1h	$1.3M	$558K	5x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0288%	1h	$32K	$55K	50x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	$1.4M	$291K	75x	as long as short
Hyperliquid ETHFI	+0.0437%	1h	$20.2M	$7.1M	5x	as long as short