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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.073%
Price spread now: Coinbase International against Extended+0.458%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.458% dearer against Extended than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71360.0104pay 0.0013% / 1h47m 50s$98K$389K10x
ShortCoinbase International ETHFI-PERP-INTX0.71690.0160get 0.0020% / 1h47m 50s$31K$6K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$11.76
Price spread: +0.458% → 0.000%
$45.82
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$42.58
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 20 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 20 min ago2.08 bp16.4 bp −$16167.3 bp −$1,673doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0450%1h0.7137+0.010%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0416%4h0.7125−0.158%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0210%4h0.7132−0.060%$16K$1K10xas long as short
Variational Omni ETHFI−0.0006%4h0.7135−0.020%$1.0M$721Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.453%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0040%8h0.7137+0.005%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7144+0.111%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7148+0.167%$17.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7143+0.099%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7137+0.006%$24.9M$36.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7142+0.080%$18.0M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7144+0.108%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7143+0.094%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7137+0.010%$15.1M$3.8M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7140+0.052%$1.2M$259K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7139+0.038%$6.1M$5.5M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7139+0.038%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7148+0.169%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7136−0.004%$2K$1.1M20xas long as short
Extended ETHFI-USDlong+0.0104%1h0.7136long leg$98K$389K10x
Aevo ETHFI-PERP+0.0104%1h0.7135−0.018%$9K3xas long as short
Coinbase International ETHFI-PERP-INTXshort+0.0160%1h0.7169+0.458%$31K$6K50x
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7144+0.102%$273K$181K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7142+0.080%$1.2M$260K75xas long as short