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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0208%/8h= +22.7% APRpaid last 24h +0.061%
Price spread now: BloFin against Extended+0.215%54s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.467%+$47 on $10k
Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.215%, 7d avg +0.040%
Together, before fees+0.138%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.175% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.70110.0072pay 0.0009% / 1h56m 00s$108K$510K10x
ShortBloFin ETHFI-USDT0.70260.0280get 0.0140% / 4h2h 56m$1.2M$235K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$43.63
Price spread: +0.215% → +0.040%
$17.51
Slippage, 4 orders
−$45.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$0.96
Costs to cover
0.621%
Break-even
7.2 days
Slippage from Extended: live order book, 37 min ago; BloFin: live order book, 6 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, 37 min ago2.67 bp18.5 bp −$18138.2 bp −$1,382doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago2.14 bp13.8 bp −$1419.7 bp −$19771.7 bp −$7,165doesn'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−0.0320%1h0.7017+0.087%$41K$11K10xas long as short
Orderly PERP_ETHFI_USDC−0.0275%4h0.7013+0.030%$16K$1K10xas long as short
Variational Omni ETHFI−0.0257%4h0.7011+0.004%$936K$766Kas long as short
Paradex ETHFI-USD-PERP−0.0080%8h0.7021+0.150%$6K5xas long as short
HTX ETHFI-USDT−0.0057%4h0.7023+0.172%$84K$139K20xas long as short
Bybit ETHFIUSDT−0.0003%4h0.7006−0.070%$17.1M$12.3M25xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.267%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0068%4h0.7014+0.044%$15.9M$4.2M125xas long as short
Binance ETHFIUSDT+0.0070%4h0.7006−0.076%$24.5M$34.5M75xas long as short
Extended ETHFI-USDlong+0.0072%1h0.7011long leg$108K$510K10x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7026+0.211%$1.1M$727K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.6978−0.471%$8K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7022+0.162%$16.9M$8.6M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7025+0.207%$180K$199K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7019+0.115%$5.1M$12.8M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7019+0.115%$1.7M$1.7M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7015+0.058%$1.2M$202K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7018+0.101%$6.2M$4.1M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7017+0.087%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7024+0.186%$53K$148K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7020+0.129%$2K$1.1M20xas long as short
BloFin ETHFI-USDTshort+0.0280%4h0.7026+0.215%$1.2M$235K75x
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.7040+0.415%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0995%1h0.7027+0.229%$299K$294K20xas long as short