Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.061%
Price spread now: BloFin against Extended+0.146%54s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$620.623% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.468%+$47 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.146%, 7d avg +0.044%
Together, before fees+0.311%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.102% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.044%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.70280.0056pay 0.0007% / 1h24m 18s$96K$374K10x
ShortBloFin ETHFI-USDT0.70380.0232get 0.0116% / 4h3h 24m$1.2M$242K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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

Funding earned
$36.96
Price spread: +0.146% → +0.044%
$10.19
Slippage, 4 orders
−$45.27
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$15.12
Costs to cover
0.623%
Break-even
9.9 days
Slippage from Extended: live order book, 28 min ago; BloFin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 28 min ago2.77 bp17.6 bp −$18125.7 bp −$1,257doesn't fitdoesn't fit
Sell BloFin live order book, 8 min ago0.71 bp12.6 bp −$1331.3 bp −$31392.1 bp −$9,212doesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0461%1h0.7030+0.032%$40K$11K10xas long as short
HTX ETHFI-USDT−0.0451%4h0.7041+0.188%$82K$194K20xas long as short
Kraken Futures PF_ETHFIUSD−0.0305%1h0.7033+0.078%$260K$213K20xas long as short
Orderly PERP_ETHFI_USDC−0.0246%4h0.7029+0.018%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0157%4h0.7030+0.032%$17.5M$12.5M25xas long as short
Variational Omni ETHFI+0.0012%4h0.7038+0.141%$982K$703Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.020%$321$51K5.5xas long as short
Binance ETHFIUSDT+0.0055%4h0.7030+0.027%$24.4M$35.0M75xas long as short
Extended ETHFI-USDlong+0.0056%1h0.7028long leg$96K$374K10x
MEXC ETHFI_USDT+0.0058%4h0.7035+0.103%$15.9M$4.1M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERP+0.0079%8h0.7037+0.132%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7045+0.238%$1.1M$841K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.7026−0.029%$8K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7039+0.154%$17.5M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7043+0.210%$180K$229K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7034+0.089%$5.1M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7037+0.132%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7040+0.174%$1.2M$227K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7035+0.103%$6.0M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7035+0.103%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7041+0.183%$65K$125K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7045+0.245%$2K$1.1M20xas long as short
BloFin ETHFI-USDTshort+0.0232%4h0.7038+0.146%$1.2M$242K75x
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7054+0.373%$31K$6K50xas long as short