ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0555%/8h= +60.7% APRnext payment +$0.69 per $10,000 · paid last 24h +0.156%

Price spread now: Extended against Deribit−0.049%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETHFI_USDC-PERPETUAL	0.7131	−0.0451	get 0.0056% / 1h	46m 32s	$40K	$13K	10x
Short	Extended ETHFI-USD	0.7128	0.0104	get 0.0013% / 1h	46m 32s	$98K	$384K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: $116.48
Price spread: −0.049% → 0.000%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $99.62
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 21 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 Deribit no order-book sample	—	—	—	—	—
Sell Extended live order book, 21 min ago	2.08 bp	16.5 bp −$17	151.6 bp −$1,516	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: 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-PERPETUALlong	−0.0451%	1h	0.7131	long leg	$40K	$13K	10x
HTX ETHFI-USDT	−0.0406%	4h	0.7134	+0.042%	$88K	$169K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0211%	4h	0.7134	+0.042%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0006%	4h	0.7135	+0.055%	$1.0M	$721K	—	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.529%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0041%	8h	0.7131	+0.005%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7139	+0.112%	$1.1M	$887K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7137	+0.086%	$17.9M	$8.5M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7140	+0.122%	$182K	$258K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7128	−0.046%	$24.8M	$36.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7130	−0.014%	$17.9M	$12.7M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7135	+0.056%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7136	+0.070%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7134	+0.042%	$15.1M	$3.8M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7131	0.000%	$1.2M	$259K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7126	−0.070%	$6.1M	$5.5M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7135	+0.056%	—	$26.1M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7137	+0.086%	$71K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7138	+0.098%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USDshort	+0.0104%	1h	0.7128	−0.049%	$98K	$384K	10x
Aevo ETHFI-PERP	+0.0104%	1h	0.7127	−0.059%	$8K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0160%	1h	0.7169	+0.533%	$31K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0227%	1h	0.7138	+0.105%	$272K	$185K	20x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7142	+0.154%	$1.2M	$260K	75x	as long as short