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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRnext payment $0.31 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against KuCoin0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days+0.098%+$10 · spread now 0.000%, 7d avg −0.011%
Together, before fees+0.046%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHFIUSDTM0.70820.0100pay 0.0050% / 4h1h 59m$1.2M$270K50x
ShortBitget ETHFIUSDT0.70820.0038get 0.0019% / 4h1h 59m$6.0M$5.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
−$13.02
Price spread: 0.000% → −0.011%
$1.1
Slippage, 4 orders
−$119.71
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$155.63
Costs to cover
1.437%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 3 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 KuCoin live order book, 5 min ago9.89 bp55.2 bp −$55160.4 bp −$1,604doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago0.71 bp17.2 bp −$1734.6 bp −$346doesn't fitdoesn'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−0.0738%1h0.7081−0.014%$41K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0215%1h0.7088+0.078%$279K$145K20xas long as short
HTX ETHFI-USDT−0.0188%4h0.7065−0.240%$82K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0174%4h0.7083+0.014%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0033%8h0.7078−0.060%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.231%$321$51K5.5xas long as short
Bitget ETHFIUSDTshort+0.0038%4h0.70820.000%$6.0M$5.7M75x
Extended ETHFI-USD+0.0064%1h0.7081−0.009%$92K$495K10xas long as short
MEXC ETHFI_USDT+0.0064%4h0.7081−0.014%$15.1M$3.9M125xas long as short
Binance ETHFIUSDT+0.0066%4h0.7082−0.007%$24.6M$37.1M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7087+0.065%$1.1M$909K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.7080−0.028%$8K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7087+0.069%$18.0M$9.0M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7084+0.033%$181K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7086+0.056%$18.1M$12.8M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7085+0.042%$4.9M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7085+0.042%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTMlong+0.0100%4h0.7082long leg$1.2M$270K50x
BingX ETHFI-USDC+0.0100%4h0.7075−0.099%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7091+0.131%$1.0M$739Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7085+0.041%$59K$85K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7088+0.085%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7165+1.172%$31K$8K50xas long as short
BloFin ETHFI-USDT+0.0256%4h0.7085+0.042%$1.3M$290K75xas long as short