Funding you earn now, next payment 09:00 UTC−0.0567%/8h= −62.1% APRpaid last 24h −0.152%
Price spread now: Deribit against BingX−0.072%7-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 −$17 a day on $10k at the current rate, and Deribit is 0.072% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.6972 | 0.0100 | pay 0.0050% / 4h | 3h 51m | — | $1.2M | — |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.6967 | −0.0467 | pay 0.0058% / 1h | 51m 38s | $41K | $12K | 10x |
BingX ETHFI-USDC
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$119.1
- Price spread: −0.072% → 0.000%
- −$7.17
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$143.27
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago | 1.44 bp | 24.9 bp −$25 | 103.4 bp −$1,034 | 599.1 bp −$59.9K | 768.2 bp −$384.1K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUALshort | −0.0467% | 1h | 0.6967 | −0.072% | $41K | $12K | 10x | |
| HTX ETHFI-USDT | −0.0332% | 4h | 0.6963 | −0.129% | $83K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0284% | 4h | 0.6969 | −0.043% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0280% | 4h | 0.6968 | −0.057% | $17.1M | $12.9M | 25x | as long as short |
| Variational Omni ETHFI | −0.0269% | 4h | 0.6948 | −0.339% | $915K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0122% | 8h | 0.6965 | −0.097% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | −0.0001% | 4h | 0.6968 | −0.057% | $24.3M | $36.0M | 75x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6968 | −0.056% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6968 | −0.057% | $15.9M | $4.1M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.844% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6962 | −0.143% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6978 | +0.085% | $1.1M | $825K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6974 | +0.022% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6976 | +0.057% | $178K | $223K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6975 | +0.043% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6970 | −0.029% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6970 | −0.029% | $1.2M | $214K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6972 | 0.000% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.6972 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6980 | +0.115% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6985 | +0.186% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0200% | 4h | 0.6975 | +0.043% | $1.2M | $232K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.6990 | +0.258% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0865% | 1h | 0.6982 | +0.137% | $291K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD