ETHFI

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.124%

7d average—if it closes, per $10,000$12funding while held, a day−$6.54

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ETHFIUSDT	0.7237	0.0100	pay 0.0050% / 4h	3h 19m	$18.7M	$12.7M	25x
Short	Orderly PERP_ETHFI_USDC	0.7246	−0.0118	pay 0.0059% / 4h	3h 19m	$17K	$1K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BybitbpFee OrderlybpOrdersClose when spread is

Spread captured: $12.44
Funding while held: −$6.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.1
Spread needed to break even: 0.170%

Slippage unknown: Bybit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0218%
Per $10,000 a day: −$6.54
Average in range /8h: —

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 Bybit live order book, 5 min ago	1.37 bp	11.8 bp −$12	41.2 bp −$412	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 price on every exchange

against the cheapest. Click to use as the short leg.

ETHFI on 24 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget ETHFIUSDT	−0.041%	+0.0100%	4h	$6.2M	$5.5M	75x	as long as short
Extended ETHFI-USD	−0.027%	+0.0104%	1h	$108K	$486K	10x	as long as short
Binance ETHFIUSDT	−0.015%	+0.0100%	4h	$25.6M	$35.5M	75x	as long as short
Bybit ETHFIUSDTlong	0.000%	+0.0100%	4h	$18.7M	$12.7M	25x
HTX ETHFI-USDT	0.000%	−0.0023%	4h	$84K	$157K	20x	as long as short
OKX ETHFI-USDT-SWAP	+0.014%	+0.0036%	4h	$4.9M	$11.9M	20x	as long as short
MEXC ETHFI_USDT	+0.041%	+0.0100%	4h	$15.5M	$4.1M	125x	as long as short
Paradex ETHFI-USD-PERP	+0.087%	+0.0002%	8h	$6K	—	5x	as long as short
Gate ETHFI_USDT	+0.097%	+0.0100%	4h	$1.7M	$2.0M	75x	as long as short
BingX ETHFI-USDC	+0.097%	+0.0100%	4h	—	$1.2M	—	as long as short

Show all 24 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.122%	+0.0104%	1h	$9K	—	3x	as long as short
Orderly PERP_ETHFI_USDCshort	+0.124%	−0.0118%	4h	$17K	$1K	10x
KuCoin ETHFIUSDTM	+0.138%	+0.0100%	4h	$1.2M	$269K	50x	as long as short
SunX ETHFI-USDT	+0.180%	+0.0100%	4h	$1K	$1.0M	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	+0.207%	−0.0164%	1h	$44K	$18K	10x	as long as short
Aster ETHFIUSDT	+0.248%	+0.0100%	4h	$185K	$251K	10x	as long as short
Kraken Futures PF_ETHFIUSD	+0.256%	−0.0290%	1h	$279K	$175K	20x	as long as short
Polymarket Perps ETHFI-USD	+0.307%	+0.0100%	1h	$47K	$52K	5x	as long as short
Hyperliquid ETHFI	+0.319%	+0.0377%	1h	$20.1M	$7.1M	5x	as long as short
Lighter ETHFI	+0.332%	+0.0176%	1h	$1.3M	$558K	5x	as long as short
Variational Omni ETHFI	+0.439%	+0.0100%	4h	$1.1M	$805K	—	as long as short
BloFin ETHFI-USDT	+0.442%	+0.0340%	4h	$1.4M	$291K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+1.409%	+0.0288%	1h	$32K	$52K	50x	as long as short
Injective ETHFI/USDC PERP	+2.819%	+0.0033%	1h	$330	$56K	5.5x	as long as short