ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.82 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against BingX+0.057%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.057% dearer against BingX than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETHFI-USDT	0.6961	0.0100	pay 0.0050% / 4h	3h 58m	—	$10.8M	—
Short	Bybit ETHFIUSDT	0.6965	−0.0063	pay 0.0032% / 4h	3h 58m	$17.1M	$12.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$34.33
Price spread: +0.057% → 0.000%: $5.75
Slippage, 4 orders: −$29.37
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.96
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 5 min ago.

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 BingX live order book, 10 min ago	1.44 bp	8.6 bp −$9	11.7 bp −$117	23.0 bp −$2,299	71.3 bp −$35.6K
Sell Bybit live order book, 5 min ago	0.72 bp	18.7 bp −$19	48.9 bp −$489	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	−0.0325%	1h	0.6957	−0.057%	$41K	$12K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0284%	4h	0.6955	−0.086%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0254%	4h	0.6963	+0.022%	$917K	$785K	—	as long as short
HTX ETHFI-USDT	−0.0229%	4h	0.6949	−0.172%	$82K	$149K	20x	as long as short
Paradex ETHFI-USD-PERP	−0.0119%	8h	0.6967	+0.086%	$6K	—	5x	as long as short
Bybit ETHFIUSDTshort	−0.0063%	4h	0.6965	+0.057%	$17.1M	$12.9M	25x
Binance ETHFIUSDT	0.0000%	4h	0.6966	+0.071%	$24.3M	$36.0M	75x	as long as short
Extended ETHFI-USD	0.0000%	1h	0.6956	−0.070%	$95K	$507K	10x	as long as short
MEXC ETHFI_USDT	0.0000%	4h	0.6968	+0.101%	$15.7M	$4.1M	125x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.008%	$321	$51K	5.5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0080%	1h	0.6954	−0.106%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6975	+0.205%	$1.1M	$823K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6974	+0.182%	$16.7M	$8.7M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6965	+0.054%	$178K	$224K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6970	+0.129%	$5.1M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6964	+0.043%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6964	+0.043%	$1.2M	$217K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6966	+0.072%	$6.1M	$4.7M	75x	as long as short
BingX ETHFI-USDTlong	+0.0100%	4h	0.6961	long leg	—	$10.8M	—
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6962	+0.014%	$52K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6967	+0.086%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0239%	4h	0.6950	−0.158%	$1.2M	$241K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0336%	1h	0.6990	+0.417%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0867%	1h	0.6969	+0.113%	$291K	$283K	20x	as long as short