ETHFI

Alert

Funding spread now, next payment 17:00 UTC+0.0364%/8h

paid, last 24h+0.080%paid, last 3 days−0.096%to open and closeno order book

Long on Variational Omni Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.096% in total (about -11.5% a year). A funding rate is set anew for every payment. 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	Variational Omni ETHFI	0.7154	0.0100	pay 0.0050% / 4h	2h 34m	$1.0M	$789K	—
Short	Coinbase International ETHFI-PERP-INTX	0.7170	0.0464	get 0.0058% / 1h	34m 07s	$32K	$16K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Coinbase InternationalbpOrdersRate

Funding earned: $76.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $66.44
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.223%
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 Variational Omni RFQ quote, 1 min ago	4.19 bp	doesn't fit	57.2 bp −$572	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ETHFI_USDC	−0.0132%	4h	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0026%	4h	$83K	$155K	20x	as long as short
Paradex ETHFI-USD-PERP	−0.0004%	8h	$6K	—	5x	as long as short
Deribit ETHFI_USDC-PERPETUAL	0.0000%	1h	$44K	$18K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	$330	$56K	5.5x	as long as short
Bitget ETHFIUSDT	+0.0076%	4h	$6.2M	$5.6M	75x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	$19.6M	$7.2M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	$183K	$243K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	$25.2M	$35.3M	75x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	$18.5M	$12.5M	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ETHFI-USDT-SWAP	+0.0100%	4h	$4.8M	$11.8M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	$15.3M	$3.8M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	$1.2M	$269K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	—	$25.9M	—	as long as short
Variational Omni ETHFIlong	+0.0100%	4h	$1.0M	$789K	—
Polymarket Perps ETHFI-USD	+0.0100%	1h	$48K	$54K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	$2K	$1.0M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	$96K	$495K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	$9K	—	3x	as long as short
Lighter ETHFI	+0.0160%	1h	$1.2M	$560K	5x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0273%	1h	$277K	$176K	20x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	$1.3M	$292K	75x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0464%	1h	$32K	$16K	50x