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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.157%
Price spread now: KuCoin against Deribit0.000%7-day average · you sell dearer than you buy
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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETHFI_USDC-PERPETUAL0.6942−0.0326get 0.0041% / 1h45m 37s$41K$11K10x
ShortKuCoin ETHFIUSDTM0.69420.0100get 0.0050% / 4h1h 45m$1.2M$229K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$89.43
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$70.43
Costs to cover
0.190%
Break-even
1.5 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 9 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 Deribit no order-book sample
Sell KuCoin live order book, 9 min ago8.61 bp51.8 bp −$52156.5 bp −$1,565doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0362%4h0.6934−0.115%$82K$175K20xas long as short
Deribit ETHFI_USDC-PERPETUALlong−0.0326%1h0.6942long leg$41K$11K10x
Orderly PERP_ETHFI_USDC−0.0278%4h0.6939−0.043%$16K$1K10xas long as short
Variational Omni ETHFI−0.0155%4h0.6936−0.082%$922K$778Kas long as short
Bybit ETHFIUSDT−0.0074%4h0.6943+0.014%$17.3M$13.0M25xas long as short
Binance ETHFIUSDT−0.0043%4h0.6940−0.029%$24.1M$36.1M75xas long as short
MEXC ETHFI_USDT−0.0042%4h0.6943+0.014%$15.5M$4.2M125xas long as short
Extended ETHFI-USD−0.0040%1h0.6941−0.010%$94K$506K10xas long as short
Paradex ETHFI-USD-PERP−0.0019%8h0.6937−0.073%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.293%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0072%1h0.6943+0.010%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6946+0.059%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6941−0.010%$16.7M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6948+0.080%$178K$261K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6952+0.144%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6952+0.144%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.69420.000%$1.2M$229K50x
Bitget ETHFIUSDT+0.0100%4h0.69420.000%$6.0M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6947+0.072%$8.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6942+0.006%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.69420.000%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0196%4h0.6939−0.043%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7066+1.786%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1692%1h0.6953+0.155%$285K$292K20xas long as short