ETHFI

Alert

Funding spread now, next payment 16:00 UTC+0.0061%/8h

next payment, per $10,000+$0.08paid, last 24h+0.086%paid, last 4 days−0.261%to open and closeno order book

Long on Kraken Futures Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHFIUSD	0.7345	−0.0028	get 0.0003% / 1h	42m 13s	$283K	$199K	20x
Short	Injective ETHFI/USDC PERP	0.7441	0.0033	get 0.0004% / 1h	42m 13s	$330	$56K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersRate

Funding earned: $12.8
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $2.78
Break-even: 5.5 days

Slippage unknown: Kraken Futures: live order book, 7 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.306%
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 Kraken Futures live order book, 7 min ago	35.00 bp	48.7 bp −$49	182.9 bp −$1,829	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit ETHFI_USDC-PERPETUAL	−0.0703%	1h	$47K	$17K	10x	as long as short
OKX ETHFI-USDT-SWAP	−0.0198%	4h	$4.9M	$12.3M	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0080%	4h	$17K	$66	10x	as long as short
Kraken Futures PF_ETHFIUSDlong	−0.0028%	1h	$283K	$199K	20x
Paradex ETHFI-USD-PERP	−0.0020%	8h	$6K	—	5x	as long as short
HTX ETHFI-USDT	−0.0001%	4h	$81K	$145K	20x	as long as short
Injective ETHFI/USDC PERPshort	+0.0033%	1h	$330	$56K	5.5x
Gate ETHFI_USDT	+0.0084%	4h	$1.7M	$1.9M	75x	as long as short
Lighter ETHFI	+0.0096%	1h	$1.3M	$548K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	$20.1M	$6.9M	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ETHFIUSDT	+0.0100%	4h	$193K	$233K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$26.1M	$36.0M	75x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	$19.4M	$12.6M	25x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.8M	$3.8M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$274K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	$6.3M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	$1.1M	$841K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	$60K	$37K	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	$99K	$477K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0184%	1h	$33K	$62K	50x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	$1.4M	$266K	75x	as long as short