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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETHFI-PERP-INTX0.70660.0328pay 0.0041% / 1h30m 47s$32K$6K50x
ShortExtended ETHFI-USD0.6923−0.0040pay 0.0005% / 1h30m 47s$94K$506K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 12 min ago2.53 bp17.2 bp −$17119.2 bp −$1,192doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0417%4h0.6907−2.250%$82K$175K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0327%1h0.6928−1.953%$40K$11K10xas long as short
Orderly PERP_ETHFI_USDC−0.0283%4h0.6925−1.995%$16K$1K10xas long as short
Variational Omni ETHFI−0.0154%4h0.6927−1.963%$920K$778Kas long as short
Extended ETHFI-USDshort−0.0040%1h0.6923−2.020%$94K$506K10x
MEXC ETHFI_USDT−0.0036%4h0.6924−2.010%$15.7M$4.2M125xas long as short
Binance ETHFIUSDT−0.0034%4h0.6923−2.021%$24.0M$36.2M75xas long as short
Bybit ETHFIUSDT−0.0025%4h0.6926−1.981%$17.2M$13.1M25xas long as short
Paradex ETHFI-USD-PERP−0.0023%8h0.6917−2.109%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.462%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6923−2.025%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6930−1.920%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6929−1.936%$16.6M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6927−1.965%$177K$262K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6930−1.925%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6930−1.925%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6920−2.066%$1.2M$229K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6925−1.995%$6.0M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6927−1.967%$8.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6932−1.891%$52K$149K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6931−1.911%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0201%4h0.6924−2.010%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTXlong+0.0328%1h0.7066long leg$32K$6K50x
Kraken Futures PF_ETHFIUSD+0.1696%1h0.6937−1.819%$289K$297K20xas long as short