Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against BingX0.000%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 7 days−0.006%−$1 · spread now 0.000%, 7d avg −0.002%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETHFI-USDC0.69010.0100pay 0.0050% / 4h2h 29m$1.2M
ShortKuCoin ETHFIUSDTM0.69010.0100get 0.0050% / 4h2h 29m$1.2M$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: 0.000% → −0.002%
$0.24
Slippage, 4 orders
−$149.14
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$170.9
Costs to cover
1.711%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago2.17 bp24.1 bp −$2488.7 bp −$887598.0 bp −$59.8K780.0 bp −$390.0K
Sell KuCoin live order book, 10 min ago9.41 bp53.6 bp −$54208.0 bp −$2,080doesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0422%4h0.6900−0.014%$80K$183K20xas long as short
Kraken Futures PF_ETHFIUSD−0.0413%1h0.6921+0.296%$282K$279K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0329%1h0.6907+0.087%$39K$10K10xas long as short
Bybit ETHFIUSDT−0.0302%4h0.6899−0.029%$17.1M$12.8M25xas long as short
Orderly PERP_ETHFI_USDC−0.0264%4h0.6904+0.043%$16K$1K10xas long as short
Variational Omni ETHFI−0.0146%4h0.6900−0.008%$901K$762Kas long as short
Extended ETHFI-USD−0.0032%1h0.6898−0.040%$94K$502K10xas long as short
Binance ETHFIUSDT−0.0030%4h0.6898−0.048%$23.9M$35.6M75xas long as short
MEXC ETHFI_USDT−0.0028%4h0.6902+0.014%$15.6M$4.1M125xas long as short
Paradex ETHFI-USD-PERP−0.0012%8h0.6900−0.009%$6K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0015%4h0.6914+0.181%$177K$260K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.912%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.6900−0.014%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6913+0.175%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6905+0.062%$16.7M$8.4M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6903+0.029%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6905+0.058%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.69010.000%$1.2M$229K50x
Bitget ETHFIUSDT+0.0100%4h0.69010.000%$6.0M$5.3M75xas long as short
BingX ETHFI-USDClong+0.0100%4h0.6901long leg$1.2M
Polymarket Perps ETHFI-USD+0.0100%1h0.6909+0.116%$62K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6919+0.261%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0210%4h0.6921+0.290%$1.2M$236K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7054+2.217%$31K$5K50xas long as short