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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Binance against Extended+0.035%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.604% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.035%, 7d avg +0.040%
Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.70360.0104pay 0.0013% / 1h43m 38s$95K$378K10x
ShortBinance ETHFIUSDT0.70380.0100get 0.0050% / 4h43m 38s$24.5M$35.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.84
Price spread: +0.035% → +0.040%
−$0.49
Slippage, 4 orders
−$45.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$61.71
Costs to cover
0.604%
Break-even
never at this rate
Slippage from Extended: live order book, 14 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 14 min ago1.56 bp16.4 bp −$16169.0 bp −$1,690doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago0.71 bp14.3 bp −$1440.4 bp −$404160.4 bp −$16.0Kdoesn't fit

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
Deribit ETHFI_USDC-PERPETUAL−0.0460%1h0.7036+0.003%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0214%4h0.7035−0.011%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0165%4h0.7013−0.323%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.903%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7045+0.138%$264K$213K20xas long as short
Paradex ETHFI-USD-PERP+0.0057%8h0.7035−0.013%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7047+0.163%$1.1M$878K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7040+0.066%$17.5M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7041+0.068%$180K$261K10xas long as short
Binance ETHFIUSDTshort+0.0100%4h0.7038+0.035%$24.5M$35.5M75x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7040+0.060%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7040+0.060%$5.0M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7038+0.032%$1.7M$1.9M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7038+0.032%$15.6M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7034−0.025%$1.2M$244K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7039+0.046%$6.1M$5.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7036+0.003%$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h0.7025−0.157%$1.0M$657Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7053+0.245%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7043+0.103%$2K$1.1M20xas long as short
Extended ETHFI-USDlong+0.0104%1h0.7036long leg$95K$378K10x
Aevo ETHFI-PERP+0.0104%1h0.7030−0.082%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7013−0.323%$1.2M$243K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7031−0.068%$31K$6K50xas long as short