Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$16.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ETHFI_USDC-PERPETUAL | 0.7306 | −0.0434 | get 0.0054% / 1h | 50m 00s | $47K | $17K | 10x |
| Short | Binance ETHFIUSDT | 0.7305 | 0.0100 | get 0.0050% / 4h | 1h 50m | $26.2M | $35.0M | 75x |
Deribit ETHFI_USDC-PERPETUAL
Binance ETHFIUSDTPrice 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
- −$1.37
- Funding while held
- $16.02
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2.35
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0534%
- Per $10,000 a day
- +$16.02
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 0.68 bp | 11.4 bp −$11 | 27.6 bp −$276 | 139.2 bp −$13.9K | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.HTX0.7282cheapestBloFin0.7291+0.124%Variational Omni0.7298+0.215%Extended0.7302+0.279%KuCoin0.7303+0.288%Orderly0.7303+0.288%Paradex0.7304+0.300%OKX0.7304+0.302%MEXC0.7304+0.302%BingX0.7304+0.302%
HTX
BloFin
Variational Omni
Extended
KuCoin
Orderly
Paradex
OKX
MEXC
BingXBinance0.7305+0.316%
Bitget0.7305+0.316%
BitgetDeribit0.7306+0.330%
Bybit0.7308+0.357%Gate0.7308+0.357%Lighter0.7310+0.380%Aevo0.7311+0.394%SunX0.7311+0.398%Aster0.7312+0.412%Kraken Futures0.7312+0.417%Hyperliquid0.7314+0.444%Polymarket Perps0.7318+0.500%Injective0.7441+2.183%Coinbase International0.7544+3.598%
Bybit
Gate
Lighter
Aevo
SunX
Aster
Kraken Futures
Hyperliquid
Polymarket Perps
Injective
Coinbase InternationalETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.328% | +0.0025% | 4h | $77K | $141K | 20x | as long as short |
| BloFin ETHFI-USDT | −0.205% | +0.0340% | 4h | $1.4M | $266K | 75x | as long as short |
| Variational Omni ETHFI | −0.114% | +0.0066% | 4h | $1.1M | $791K | — | as long as short |
| Extended ETHFI-USD | −0.050% | +0.0104% | 1h | $98K | $477K | 10x | as long as short |
| KuCoin ETHFIUSDTM | −0.041% | +0.0062% | 4h | $1.2M | $292K | 50x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.041% | −0.0047% | 4h | $17K | $44 | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.029% | −0.0042% | 8h | $6K | — | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | −0.027% | −0.0282% | 4h | $4.9M | $12.3M | 20x | as long as short |
| MEXC ETHFI_USDT | −0.027% | +0.0100% | 4h | $15.3M | $3.7M | 125x | as long as short |
| BingX ETHFI-USDC | −0.027% | −0.0296% | 4h | — | $1.2M | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDTshort | −0.014% | +0.0100% | 4h | $26.2M | $35.0M | 75x | |
| Bitget ETHFIUSDT | −0.014% | +0.0100% | 4h | $6.5M | $5.5M | 75x | as long as short |
| Deribit ETHFI_USDC-PERPETUALlong | 0.000% | −0.0434% | 1h | $47K | $17K | 10x | |
| Bybit ETHFIUSDT | +0.027% | +0.0100% | 4h | $19.0M | $12.5M | 25x | as long as short |
| Gate ETHFI_USDT | +0.027% | +0.0044% | 4h | $1.7M | $1.8M | 75x | as long as short |
| Lighter ETHFI | +0.051% | +0.0096% | 1h | $1.3M | $519K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.064% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| SunX ETHFI-USDT | +0.068% | +0.0100% | 4h | $1K | $982K | 20x | as long as short |
| Aster ETHFIUSDT | +0.082% | +0.0100% | 4h | $192K | $228K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.087% | −0.0516% | 1h | $281K | $219K | 20x | as long as short |
| Hyperliquid ETHFI | +0.114% | +0.0100% | 1h | $20.0M | $6.7M | 5x | as long as short |
| Polymarket Perps ETHFI-USD | +0.170% | +0.0100% | 1h | $51K | $13K | 5x | as long as short |
| Injective ETHFI/USDC PERP | +1.848% | +0.0033% | 1h | $330 | $56K | 5.5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +3.258% | +0.0208% | 1h | $34K | $92K | 50x | as long as short |