Funding you earn now, next payment 21:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h −0.143%
Price spread now: Deribit against KuCoin−0.287%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.287% cheaper against KuCoin than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETHFIUSDTM | 0.7305 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $1.2M | $266K | 50x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7284 | −0.0299 | pay 0.0037% / 1h | 32m 23s | $44K | $18K | 10x |
KuCoin ETHFIUSDTM
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$83.76
- Price spread: −0.287% → 0.000%
- −$28.75
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$131.51
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 13 min ago; Deribit: 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 KuCoin live order book, 13 min ago | 8.31 bp | 66.4 bp −$66 | 190.9 bp −$1,909 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0408% | 4h | 0.7279 | −0.356% | $84K | $153K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUALshort | −0.0299% | 1h | 0.7284 | −0.287% | $44K | $18K | 10x | |
| Orderly PERP_ETHFI_USDC | −0.0148% | 4h | 0.7281 | −0.329% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0042% | 4h | 0.7287 | −0.252% | $1.1M | $704K | — | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0029% | 1h | 0.7288 | −0.227% | $284K | $151K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0010% | 4h | 0.7300 | −0.068% | $6.2M | $5.5M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0013% | 8h | 0.7306 | +0.009% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | −0.890% | $321 | $51K | 5.5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7313 | +0.105% | $1.1M | $891K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7317 | +0.164% | $19.9M | $7.4M | 5x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Kraken Futures PF_ETHFIUSD
Bitget ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7312 | +0.096% | $186K | $238K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7302 | −0.041% | $25.8M | $35.5M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7307 | +0.027% | $18.8M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7310 | +0.068% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7308 | +0.041% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7301 | −0.055% | $15.6M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7305 | long leg | $1.2M | $266K | 50x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7304 | −0.014% | — | $25.7M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7285 | −0.274% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7306 | +0.012% | $105K | $488K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7280 | −0.337% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7304 | −0.014% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7284 | −0.287% | $1.3M | $295K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0473% | 1h | 0.7321 | +0.214% | $63K | $70K | 5x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
BingX ETHFI-USDT
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD