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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.87 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Bybit0.000%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days−0.043%−$4 · spread now 0.000%, 7d avg −0.015%
Together, before fees+0.026%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHFIUSDT0.6944−0.0074get 0.0037% / 4h1h 46m$17.3M$13.0M25x
ShortKuCoin ETHFIUSDTM0.69440.0100get 0.0050% / 4h1h 46m$1.2M$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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
$36.57
Price spread: 0.000% → −0.015%
$1.53
Slippage, 4 orders
−$124.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$109.72
Costs to cover
1.478%
Break-even
28.0 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 9 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 Bybit live order book, 2 min ago0.72 bp16.6 bp −$1743.5 bp −$435doesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago8.61 bp51.8 bp −$52156.5 bp −$1,565doesn'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−0.0362%4h0.6937−0.101%$82K$175K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0326%1h0.6942−0.029%$41K$11K10xas long as short
Orderly PERP_ETHFI_USDC−0.0278%4h0.6939−0.072%$16K$1K10xas long as short
Variational Omni ETHFI−0.0158%4h0.6931−0.182%$921K$778Kas long as short
Bybit ETHFIUSDTlong−0.0074%4h0.6944long leg$17.3M$13.0M25x
Binance ETHFIUSDT−0.0044%4h0.6936−0.115%$24.1M$36.0M75xas long as short
MEXC ETHFI_USDT−0.0042%4h0.6940−0.058%$15.5M$4.2M125xas long as short
Extended ETHFI-USD−0.0040%1h0.6936−0.110%$94K$506K10xas long as short
Paradex ETHFI-USD-PERP−0.0017%8h0.6941−0.044%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.263%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6943−0.019%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6949+0.075%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6941−0.048%$16.7M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6946+0.023%$177K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6947+0.043%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6947+0.043%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.69440.000%$1.2M$229K50x
Bitget ETHFIUSDT+0.0100%4h0.6938−0.086%$6.0M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6937−0.101%$8.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6942−0.023%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6942−0.029%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0196%4h0.6939−0.072%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7066+1.757%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1692%1h0.6953+0.126%$285K$292K20xas long as short