ETHFI

Alert

Funding spread now, next payment 17:00 UTC+0.0392%/8h

next payment, per $10,000+$0.49paid, last 24h+0.110%paid, last 7 days−0.229%to open and close $10k−$135

Long on Kraken Futures Short on Extended

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHFIUSD	0.7311	−0.0288	get 0.0036% / 1h	45m 19s	$282K	$190K	20x
Short	Extended ETHFI-USD	0.7297	0.0104	get 0.0013% / 1h	45m 19s	$109K	$490K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ExtendedbpOrdersRate

Funding earned: $82.29
Slippage, 4 orders: −$119.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$52.38
Break-even: 11.5 days

Slippage from Kraken Futures: live order book, 64 min ago; Extended: live order book, 64 min ago.

Price risk

price view

Price gap now: −0.199%
Avg gap 7d: −0.144%

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 Kraken Futures live order book, 64 min ago	35.00 bp	48.7 bp −$49	182.9 bp −$1,829	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	2.42 bp	17.5 bp −$18	142.2 bp −$1,422	doesn't fit	doesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX ETHFI-USDT	−0.0479%	4h	$84K	$160K	20x	as long as short
Kraken Futures PF_ETHFIUSDlong	−0.0288%	1h	$282K	$190K	20x
Deribit ETHFI_USDC-PERPETUAL	−0.0161%	1h	$46K	$17K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0106%	4h	$17K	$1K	10x	as long as short
OKX ETHFI-USDT-SWAP	−0.0060%	4h	$5.0M	$12.3M	20x	as long as short
Paradex ETHFI-USD-PERP	−0.0003%	8h	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	$330	$56K	5.5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	$187K	$251K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$25.9M	$36.8M	75x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	$19.0M	$13.2M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ETHFI_USDT	+0.0100%	4h	$1.8M	$1.9M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.7M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$275K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	$6.3M	$5.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	—	$26.0M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	$1.1M	$838K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$52K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$2K	$1.0M	20x	as long as short
Extended ETHFI-USDshort	+0.0104%	1h	$109K	$490K	10x
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Lighter ETHFI	+0.0232%	1h	$1.3M	$557K	5x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0288%	1h	$33K	$56K	50x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	$1.4M	$273K	75x	as long as short
Hyperliquid ETHFI	+0.0593%	1h	$20.3M	$7.3M	5x	as long as short