Spread before costs (cost unknown: a leg has no order-book sample)−0.396%
7d average—if it closes, per $10,000$40funding while held, a day−$5.64
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETHFI-PERP-INTX | 0.7339 | 0.0288 | pay 0.0036% / 1h | 27m 47s | $32K | $55K | 50x |
| Short | Variational Omni ETHFI | 0.7310 | 0.0100 | get 0.0050% / 4h | 3h 27m | $1.1M | $842K | — |
Coinbase International ETHFI-PERP-INTX
Variational Omni ETHFIPrice 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
- −$39.65
- Funding while held
- −$5.64
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$55.29
- Spread needed to break even
- 0.100%
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0188%
- Per $10,000 a day
- −$5.64
- 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 Variational Omni RFQ quote, 3 min ago | 4.10 bp | doesn't fit | 46.5 bp −$465 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Paradex0.7297cheapestBloFin0.7298+0.016%HTX0.7304+0.099%Bitget0.7309+0.167%
Paradex
BloFin
HTX
BitgetVariational Omni0.7310+0.179%
Binance0.7311+0.189%Bybit0.7311+0.194%MEXC0.7311+0.194%Extended0.7311+0.197%Gate0.7312+0.208%BingX0.7312+0.208%OKX0.7314+0.236%KuCoin0.7314+0.236%Orderly0.7315+0.249%Aevo0.7315+0.249%Deribit0.7316+0.263%Aster0.7317+0.278%SunX0.7325+0.386%Kraken Futures0.7327+0.419%Lighter0.7329+0.434%Polymarket Perps0.7331+0.474%Hyperliquid0.7333+0.493%
Binance
Bybit
MEXC
Extended
Gate
BingX
OKX
KuCoin
Orderly
Aevo
Deribit
Aster
SunX
Kraken Futures
Lighter
Polymarket Perps
HyperliquidCoinbase International0.7339+0.578%
Injective0.7441+1.976%
InjectiveETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | −0.575% | +0.0018% | 8h | $6K | — | 5x | as long as short |
| BloFin ETHFI-USDT | −0.559% | +0.0340% | 4h | $1.4M | $292K | 75x | as long as short |
| HTX ETHFI-USDT | −0.477% | −0.0146% | 4h | $85K | $160K | 20x | as long as short |
| Bitget ETHFIUSDT | −0.409% | +0.0100% | 4h | $6.3M | $5.7M | 75x | as long as short |
| Variational Omni ETHFIshort | −0.396% | +0.0100% | 4h | $1.1M | $842K | — | |
| Binance ETHFIUSDT | −0.387% | +0.0100% | 4h | $25.9M | $36.1M | 75x | as long as short |
| Bybit ETHFIUSDT | −0.382% | +0.0100% | 4h | $19.0M | $13.0M | 25x | as long as short |
| MEXC ETHFI_USDT | −0.382% | +0.0100% | 4h | $15.7M | $4.0M | 125x | as long as short |
| Extended ETHFI-USD | −0.379% | +0.0104% | 1h | $109K | $488K | 10x | as long as short |
| Gate ETHFI_USDT | −0.368% | +0.0100% | 4h | $1.8M | $2.0M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ETHFI-USDT | −0.368% | +0.0100% | 4h | — | $26.0M | — | as long as short |
| OKX ETHFI-USDT-SWAP | −0.341% | +0.0008% | 4h | $5.0M | $12.2M | 20x | as long as short |
| KuCoin ETHFIUSDTM | −0.341% | +0.0100% | 4h | $1.2M | $274K | 50x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.327% | −0.0115% | 4h | $17K | $1K | 10x | as long as short |
| Aevo ETHFI-PERP | −0.327% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.313% | −0.0023% | 1h | $45K | $18K | 10x | as long as short |
| Aster ETHFIUSDT | −0.298% | +0.0100% | 4h | $187K | $251K | 10x | as long as short |
| SunX ETHFI-USDT | −0.191% | +0.0100% | 4h | $1K | $1.0M | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.159% | −0.0287% | 1h | $283K | $183K | 20x | as long as short |
| Lighter ETHFI | −0.143% | +0.0216% | 1h | $1.3M | $557K | 5x | as long as short |
| Polymarket Perps ETHFI-USD | −0.104% | +0.0100% | 1h | $48K | $52K | 5x | as long as short |
| Hyperliquid ETHFI | −0.084% | +0.0501% | 1h | $20.4M | $7.3M | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTXlong | 0.000% | +0.0288% | 1h | $32K | $55K | 50x | |
| Injective ETHFI/USDC PERP | +1.390% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |