ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.010%

Price spread now: Variational Omni against Binance−0.378%7-day average +0.065% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.438%+$44 · spread now −0.378%, 7d avg +0.065%

Together, before fees+0.429%+ Points / potential airdropVariational Omni: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.444% cheaper against Binance than usual: you would sell low and buy high (spread −0.378% now, against its 7-day average of +0.065%). If the spread goes back, that is −$44 on $10k: about 4 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHFIUSDT	0.7142	0.0086	pay 0.0043% / 4h	2h 24m	$24.9M	$36.9M	75x
Short	Variational Omni ETHFI	0.7115	0.0100	get 0.0050% / 4h	2h 24m	$1.0M	$718K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now −0.378%Rate

Funding earned: $2.94
Price spread: −0.378% → +0.065%: −$44.35
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.41
Costs to cover: 0.100%
Break-even: 129.4 days

Slippage unknown: Binance: live order book, 2 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Binance live order book, 2 min ago	0.70 bp	13.1 bp −$13	34.8 bp −$348	159.1 bp −$15.9K	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.20 bp	doesn't fit	53.2 bp −$532	doesn't fit	doesn't fit

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
Deribit ETHFI_USDC-PERPETUAL	−0.0450%	1h	0.7142	+0.004%	$42K	$18K	10x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0214%	1h	0.7140	−0.018%	$275K	$137K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0165%	4h	0.7138	−0.053%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0079%	4h	0.7122	−0.277%	$83K	$165K	20x	as long as short
Paradex ETHFI-USD-PERP	+0.0027%	8h	0.7128	−0.193%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+1.376%	$321	$51K	5.5x	as long as short
Bitget ETHFIUSDT	+0.0034%	4h	0.7139	−0.038%	$6.1M	$5.6M	75x	as long as short
Binance ETHFIUSDTlong	+0.0086%	4h	0.7142	long leg	$24.9M	$36.9M	75x
MEXC ETHFI_USDT	+0.0086%	4h	0.7141	−0.010%	$15.2M	$3.8M	125x	as long as short
Extended ETHFI-USD	+0.0088%	1h	0.7146	+0.061%	$92K	$495K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFI	+0.0096%	1h	0.7142	−0.001%	$1.1M	$909K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7142	−0.001%	$18.3M	$8.8M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7148	+0.088%	$182K	$255K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7149	+0.102%	$18.3M	$12.7M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7146	+0.060%	$4.9M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7147	+0.074%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7144	+0.032%	$1.2M	$270K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7148	+0.088%	—	$25.9M	—	as long as short
Variational Omni ETHFIshort	+0.0100%	4h	0.7115	−0.378%	$1.0M	$718K	—
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7137	−0.064%	$60K	$85K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7143	+0.018%	$2K	$1.1M	20x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7135	−0.091%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0152%	1h	0.7147	+0.074%	$31K	$8K	50x	as long as short
BloFin ETHFI-USDT	+0.0326%	4h	0.7129	−0.179%	$1.3M	$296K	75x	as long as short