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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Bitget0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1551.552% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days+0.039%+$4 · spread now 0.000%, 7d avg +0.015%
Together, before fees+0.090%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.71380.0100pay 0.0050% / 4h2h 47m$6.1M$5.5M75x
ShortKuCoin ETHFIUSDTM0.71380.0100get 0.0050% / 4h2h 47m$1.2M$259K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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% → +0.015%
−$1.52
Slippage, 4 orders
−$131.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$156.71
Costs to cover
1.552%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; KuCoin: live order book, 2 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 Bitget live order book, 6 min ago2.81 bp17.2 bp −$1744.1 bp −$441doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago8.39 bp55.1 bp −$55163.0 bp −$1,630doesn'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
Deribit ETHFI_USDC-PERPETUAL−0.0450%1h0.7137−0.014%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0416%4h0.7125−0.182%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0210%4h0.7132−0.084%$16K$1K10xas long as short
Variational Omni ETHFI−0.0006%4h0.7135−0.044%$1.0M$721Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.429%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0041%8h0.7137−0.008%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7144+0.087%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7148+0.143%$17.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7142+0.060%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7137−0.014%$24.9M$36.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.71380.000%$17.9M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7142+0.056%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7142+0.056%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7137−0.014%$15.1M$3.8M125xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.71380.000%$1.2M$259K50x
Bitget ETHFIUSDTlong+0.0100%4h0.7138long leg$6.1M$5.5M75x
BingX ETHFI-USDC+0.0100%4h0.7140+0.028%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7148+0.146%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7136−0.028%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7135−0.048%$98K$389K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7135−0.042%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7169+0.434%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7144+0.078%$273K$181K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7142+0.056%$1.2M$260K75xas long as short