Funding you earn now, next payment 04:00 UTC−0.1003%/8h= −109.8% APRnext payment −$1.25 per $10,000 · paid last 24h −0.226%
Price spread now: Deribit against Coinbase International−0.113%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Deribit is 0.113% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETHFI-PERP-INTX | 0.7054 | 0.0544 | pay 0.0068% / 1h | 29m 21s | $31K | $6K | 50x |
| Short | Deribit ETHFI_USDC-PERPETUAL | 0.7046 | −0.0459 | pay 0.0057% / 1h | 29m 21s | $40K | $11K | 10x |
Coinbase International ETHFI-PERP-INTX
Deribit ETHFI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$210.66
- Price spread: −0.113% → 0.000%
- −$11.34
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$239
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Coinbase International and Deribit: 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 on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0976% | 4h | 0.7056 | +0.028% | $82K | $194K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUALshort | −0.0459% | 1h | 0.7046 | −0.113% | $40K | $11K | 10x | |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7058 | +0.058% | $261K | $212K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0242% | 4h | 0.7043 | −0.156% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0026% | 4h | 0.7045 | −0.128% | $17.6M | $12.5M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.7029 | −0.359% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0032% | 4h | 0.7059 | +0.075% | $985K | $703K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.637% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0062% | 4h | 0.7045 | −0.128% | $24.5M | $34.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0062% | 4h | 0.7045 | −0.128% | $16.0M | $4.1M | 125x | as long as short |
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ETHFI-USD | +0.0064% | 1h | 0.7048 | −0.085% | $96K | $374K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7061 | +0.101% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7045 | −0.128% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7052 | −0.027% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7052 | −0.028% | $180K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7050 | −0.057% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7054 | 0.000% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7048 | −0.085% | $1.2M | $227K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7045 | −0.128% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7049 | −0.071% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7058 | +0.062% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7063 | +0.128% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0252% | 4h | 0.7033 | −0.298% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | +0.0544% | 1h | 0.7054 | long leg | $31K | $6K | 50x |
Extended ETHFI-USD
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT