Funding you earn now, next payment 06:00 UTC−0.0368%/8h= −40.3% APRnext payment −$0.46 per $10,000 · paid last 24h −0.072%
Price spread now: Extended against Coinbase International−2.020%7-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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 2.020% cheaper against Coinbase International than usual: you would sell low and buy high (−$202 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETHFI-PERP-INTX | 0.7066 | 0.0328 | pay 0.0041% / 1h | 30m 47s | $32K | $6K | 50x |
| Short | Extended ETHFI-USD | 0.6923 | −0.0040 | pay 0.0005% / 1h | 30m 47s | $94K | $506K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$77.28
- Price spread: −2.020% → 0.000%
- −$202.05
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$294.33
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 12 min ago. 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 Extended live order book, 12 min ago | 2.53 bp | 17.2 bp −$17 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
Coinbase International: 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 | −0.0417% | 4h | 0.6907 | −2.250% | $82K | $175K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0327% | 1h | 0.6928 | −1.953% | $40K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0283% | 4h | 0.6925 | −1.995% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0154% | 4h | 0.6927 | −1.963% | $920K | $778K | — | as long as short |
| Extended ETHFI-USDshort | −0.0040% | 1h | 0.6923 | −2.020% | $94K | $506K | 10x | |
| MEXC ETHFI_USDT | −0.0036% | 4h | 0.6924 | −2.010% | $15.7M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0034% | 4h | 0.6923 | −2.021% | $24.0M | $36.2M | 75x | as long as short |
| Bybit ETHFIUSDT | −0.0025% | 4h | 0.6926 | −1.981% | $17.2M | $13.1M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0023% | 8h | 0.6917 | −2.109% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.462% | $321 | $51K | 5.5x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6923 | −2.025% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6930 | −1.920% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6929 | −1.936% | $16.6M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6927 | −1.965% | $177K | $262K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6930 | −1.925% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6930 | −1.925% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6920 | −2.066% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6925 | −1.995% | $6.0M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6927 | −1.967% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6932 | −1.891% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6931 | −1.911% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0201% | 4h | 0.6924 | −2.010% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | +0.0328% | 1h | 0.7066 | long leg | $32K | $6K | 50x | |
| Kraken Futures PF_ETHFIUSD | +0.1696% | 1h | 0.6937 | −1.819% | $289K | $297K | 20x | as long as short |
Coinbase International ETHFI-PERP-INTX
Extended ETHFI-USD
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
MEXC ETHFI_USDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Kraken Futures PF_ETHFIUSD