Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.078%

Price spread now: Coinbase International against Gate+0.472%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.472% dearer against Gate than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ETHFI_USDT	0.7211	0.0100	pay 0.0050% / 4h	3h 05m	$1.7M	$2.0M	75x
Short	Coinbase International ETHFI-PERP-INTX	0.7245	0.0168	get 0.0021% / 1h	5m 43s	$32K	$6K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.472%Rate

Funding earned: $14.28
Price spread: +0.472% → 0.000%: $47.15
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $36.43
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	2.08 bp	24.8 bp −$25	212.6 bp −$2,126	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETHFI-USDT	−0.0660%	4h	0.7205	−0.083%	$83K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0582%	1h	0.7202	−0.125%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0210%	4h	0.7200	−0.153%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0022%	4h	0.7199	−0.164%	$1.1M	$719K	—	as long as short
Paradex ETHFI-USD-PERP	+0.0017%	8h	0.7204	−0.094%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.402%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDT	+0.0092%	4h	0.7205	−0.083%	$15.4M	$3.9M	125x	as long as short
Binance ETHFIUSDT	+0.0094%	4h	0.7203	−0.111%	$25.1M	$36.4M	75x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7218	+0.104%	$1.1M	$894K	5x	as long as short
Extended ETHFI-USD	+0.0096%	1h	0.7201	−0.138%	$100K	$388K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ETHFI	+0.0100%	1h	0.7215	+0.053%	$18.1M	$8.6M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7215	+0.055%	$184K	$256K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7206	−0.069%	$18.2M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7211	0.000%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDTlong	+0.0100%	4h	0.7211	long leg	$1.7M	$2.0M	75x
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7205	−0.083%	$1.2M	$263K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7203	−0.111%	$6.1M	$5.5M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7208	−0.042%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7205	−0.086%	$71K	$116K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7206	−0.069%	$2K	$1.1M	20x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7210	−0.014%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0168%	1h	0.7245	+0.472%	$32K	$6K	50x
Kraken Futures PF_ETHFIUSD	+0.0219%	1h	0.7213	+0.034%	$274K	$165K	20x	as long as short
BloFin ETHFI-USDT	+0.0333%	4h	0.7216	+0.069%	$1.3M	$269K	75x	as long as short