ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1185%/8h= +129.7% APRnext payment +$1.48 per $10,000 · paid last 24h +0.112%

Price spread now: Kraken Futures against Deribit+0.187%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.187% dearer against Deribit than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETHFI_USDC-PERPETUAL	0.6990	−0.0322	get 0.0040% / 1h	22m 07s	$41K	$12K	10x
Short	Kraken Futures PF_ETHFIUSD	0.7003	0.0863	get 0.0108% / 1h	22m 07s	$294K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.187%Rate

Funding earned: $248.79
Price spread: +0.187% → 0.000%: $18.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $250.48
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 11 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 11 min ago	20.15 bp	43.8 bp −$44	158.2 bp −$1,582	doesn't fit	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 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	−0.0387%	4h	0.6977	−0.186%	$83K	$150K	20x	as long as short
Deribit ETHFI_USDC-PERPETUALlong	−0.0322%	1h	0.6990	long leg	$41K	$12K	10x
Orderly PERP_ETHFI_USDC	−0.0279%	4h	0.6987	−0.043%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0269%	4h	0.6931	−0.842%	$925K	$790K	—	as long as short
Paradex ETHFI-USD-PERP	−0.0080%	8h	0.6986	−0.062%	$6K	—	5x	as long as short
Bybit ETHFIUSDT	−0.0018%	4h	0.6992	+0.029%	$17.1M	$12.9M	25x	as long as short
MEXC ETHFI_USDT	+0.0028%	4h	0.6987	−0.043%	$15.9M	$4.2M	125x	as long as short
Aster ETHFIUSDT	+0.0031%	4h	0.6988	−0.029%	$179K	$230K	10x	as long as short
Extended ETHFI-USD	+0.0032%	1h	0.6985	−0.071%	$94K	$501K	10x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.577%	$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
Binance ETHFIUSDT	+0.0033%	4h	0.6987	−0.043%	$24.5M	$35.7M	75x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.6985	−0.072%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6995	+0.072%	$1.1M	$835K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6992	+0.031%	$16.7M	$8.5M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6998	+0.114%	$5.1M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6992	+0.029%	$1.7M	$1.9M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6985	−0.072%	$1.2M	$211K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6989	−0.014%	$6.1M	$4.3M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6989	−0.014%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6991	+0.014%	$53K	$149K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6996	+0.086%	$2K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0114%	4h	0.6972	−0.258%	$1.2M	$232K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0336%	1h	0.7020	+0.429%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSDshort	+0.0863%	1h	0.7003	+0.187%	$294K	$288K	20x