Spread before costs (cost unknown: a leg has no order-book sample)−0.064%
7d average—if it closes, per $10,000$6funding while held, a day−$10.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETHFI-PERP-INTX | 0.7240 | 0.0464 | pay 0.0058% / 1h | 35m 42s | $32K | $9K | 50x |
| Short | Polymarket Perps ETHFI-USD | 0.7235 | 0.0100 | get 0.0013% / 1h | 35m 42s | $49K | $55K | 5x |
Coinbase International ETHFI-PERP-INTX
Polymarket Perps ETHFI-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.35
- Funding while held
- −$10.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$35.27
- Spread needed to break even
- 0.180%
Slippage unknown: Coinbase International: no order-book sample; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0364%
- Per $10,000 a day
- −$10.92
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Coinbase International and Polymarket Perps: 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.Bitget0.7218cheapestExtended0.7221+0.036%Paradex0.7221+0.046%MEXC0.7222+0.055%Binance0.7222+0.057%Bybit0.7224+0.083%OKX0.7224+0.083%BingX0.7225+0.097%KuCoin0.7226+0.111%Gate0.7228+0.139%HTX0.7228+0.139%BloFin0.7228+0.139%Aster0.7228+0.141%Variational Omni0.7229+0.149%Aevo0.7232+0.194%Orderly0.7233+0.208%
Bitget
Extended
Paradex
MEXC
Binance
Bybit
OKX
BingX
KuCoin
Gate
HTX
BloFin
Aster
Variational Omni
Aevo
OrderlyPolymarket Perps0.7235+0.241%
Lighter0.7236+0.242%Deribit0.7237+0.263%SunX0.7239+0.291%Hyperliquid0.7240+0.301%
Lighter
Deribit
SunX
HyperliquidCoinbase International0.7240+0.305%
Kraken Futures0.7240+0.312%Injective0.7441+3.089%
Kraken Futures
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget ETHFIUSDT | −0.304% | −0.0012% | 4h | $6.2M | $5.5M | 75x | as long as short |
| Extended ETHFI-USD | −0.268% | +0.0104% | 1h | $96K | $484K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.258% | −0.0064% | 8h | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.249% | +0.0100% | 4h | $15.1M | $3.7M | 125x | as long as short |
| Binance ETHFIUSDT | −0.247% | +0.0100% | 4h | $25.4M | $35.2M | 75x | as long as short |
| Bybit ETHFIUSDT | −0.221% | −0.0107% | 4h | $18.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | −0.221% | +0.0100% | 4h | $4.9M | $12.1M | 20x | as long as short |
| BingX ETHFI-USDT | −0.207% | +0.0100% | 4h | — | $25.9M | — | as long as short |
| KuCoin ETHFIUSDTM | −0.193% | +0.0100% | 4h | $1.2M | $264K | 50x | as long as short |
| Gate ETHFI_USDT | −0.166% | +0.0100% | 4h | $1.7M | $2.0M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.166% | −0.0103% | 4h | $84K | $153K | 20x | as long as short |
| BloFin ETHFI-USDT | −0.166% | +0.0340% | 4h | $1.3M | $294K | 75x | as long as short |
| Aster ETHFIUSDT | −0.163% | +0.0100% | 4h | $183K | $238K | 10x | as long as short |
| Variational Omni ETHFI | −0.155% | −0.0089% | 4h | $1.1M | $777K | — | as long as short |
| Aevo ETHFI-PERP | −0.110% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.097% | −0.0137% | 4h | $17K | $1K | 10x | as long as short |
| Polymarket Perps ETHFI-USDshort | −0.064% | +0.0100% | 1h | $49K | $55K | 5x | |
| Lighter ETHFI | −0.062% | +0.0096% | 1h | $1.2M | $678K | 5x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.041% | 0.0000% | 1h | $44K | $18K | 10x | as long as short |
| SunX ETHFI-USDT | −0.014% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Hyperliquid ETHFI | −0.004% | +0.0100% | 1h | $19.7M | $7.3M | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | 0.000% | +0.0464% | 1h | $32K | $9K | 50x | |
| Kraken Futures PF_ETHFIUSD | +0.007% | −0.0346% | 1h | $281K | $173K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +2.776% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |