ETHFI

Alert

Funding spread now, next payment 19:00 UTC+0.0232%/8h

paid, last 24h+0.147%paid, last 3 days+0.464%to open and closeno order book

Long on Deribit Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETHFI_USDC-PERPETUAL	0.7218	−0.0304	get 0.0038% / 1h	40m 33s	$44K	$18K	10x
Short	Variational Omni ETHFI	0.7219	−0.0072	pay 0.0036% / 4h	1h 40m	$1.1M	$777K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: $48.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $41.71
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.011%
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 Variational Omni RFQ quote, 5 min ago	4.16 bp	doesn't fit	41.6 bp −$416	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	−0.0346%	1h	$278K	$169K	20x	as long as short
Deribit ETHFI_USDC-PERPETUALlong	−0.0304%	1h	$44K	$18K	10x
Orderly PERP_ETHFI_USDC	−0.0138%	4h	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0094%	4h	$84K	$153K	20x	as long as short
Bybit ETHFIUSDT	−0.0079%	4h	$18.6M	$12.5M	25x	as long as short
Variational Omni ETHFIshort	−0.0072%	4h	$1.1M	$777K	—
Paradex ETHFI-USD-PERP	−0.0067%	8h	$6K	—	5x	as long as short
Bitget ETHFIUSDT	−0.0006%	4h	$6.2M	$5.5M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	$330	$56K	5.5x	as long as short
Lighter ETHFI	+0.0096%	1h	$1.2M	$678K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid ETHFI	+0.0100%	1h	$19.7M	$7.3M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	$183K	$238K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$25.4M	$35.2M	75x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	$4.8M	$12.1M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.2M	$3.7M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$264K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	—	$25.9M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$54K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$1K	$1.0M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	$96K	$484K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	$1.3M	$293K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0464%	1h	$32K	$9K	50x	as long as short