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 −0.002%
Price spread now: OKX against Bitget+0.097%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$650.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days+0.005%$0 · spread now +0.097%, 7d avg +0.031%
Together, before fees+0.033%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.066% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHFIUSDT0.72010.0100pay 0.0050% / 4h3h 05m$6.1M$5.5M75x
ShortOKX ETHFI-USDT-SWAP0.72080.0100get 0.0050% / 4h3h 05m$5.0M$12.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.097% → +0.031%
$6.57
Slippage, 4 orders
−$43.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$58.63
Costs to cover
0.652%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago0.69 bp16.0 bp −$1628.1 bp −$281doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.38 bp15.3 bp −$1534.0 bp −$340doesn'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−0.0660%4h0.7205+0.056%$83K$159K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0582%1h0.7202+0.014%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0210%4h0.7200−0.014%$16K$1K10xas long as short
Variational Omni ETHFI−0.0022%4h0.7199−0.025%$1.1M$719Kas long as short
Paradex ETHFI-USD-PERP+0.0017%8h0.7204+0.044%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.542%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0092%4h0.7205+0.056%$15.4M$3.9M125xas long as short
Binance ETHFIUSDT+0.0094%4h0.7202+0.014%$25.1M$36.4M75xas long as short
Lighter ETHFI+0.0096%1h0.7218+0.243%$1.1M$894K5xas long as short
Extended ETHFI-USD+0.0096%1h0.7201+0.001%$100K$388K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ETHFI+0.0100%1h0.7210+0.125%$18.1M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7215+0.190%$184K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7204+0.042%$18.2M$12.6M25xas long as short
OKX ETHFI-USDT-SWAPshort+0.0100%4h0.7208+0.097%$5.0M$12.3M20x
Gate ETHFI_USDT+0.0100%4h0.7211+0.139%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7205+0.056%$1.2M$263K50xas long as short
Bitget ETHFIUSDTlong+0.0100%4h0.7201long leg$6.1M$5.5M75x
BingX ETHFI-USDT+0.0100%4h0.7208+0.097%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7206+0.072%$71K$116K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7206+0.069%$2K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7210+0.125%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7245+0.611%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0219%1h0.7213+0.173%$274K$165K20xas long as short
BloFin ETHFI-USDT+0.0333%4h0.7216+0.208%$1.3M$269K75xas long as short