Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0232%/8hnext payment +$0.29 per $10,000 · paid last 24h +0.081%

Price spread now: Coinbase International against Extended+0.135%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Coinbase International

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.135% dearer against Extended than usual: you sell high and buy low: +$13 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	Extended ETHFI-USD	0.7231	0.0104	pay 0.0013% / 1h	6m 37s	$104K	$489K	10x
Short	Coinbase International ETHFI-PERP-INTX	0.7241	0.0336	get 0.0042% / 1h	6m 37s	$32K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.135%Rate

Funding earned: $48.72
Price spread: +0.135% → 0.000%: $13.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $47.22
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Extended: live order book, 25 min ago; Coinbase International: no order-book sample. 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 Extended live order book, 25 min ago	2.91 bp	17.7 bp −$18	155.1 bp −$1,551	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Injective ETHFI/USDC PERP	−0.0404%	1h	0.7240	+0.121%	$321	$51K	5.5x	as long as short
Kraken Futures PF_ETHFIUSD	−0.0394%	1h	0.7246	+0.208%	$282K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0302%	1h	0.7241	+0.135%	$44K	$18K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0142%	4h	0.7238	+0.093%	$17K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0113%	4h	0.7223	−0.114%	$1.1M	$707K	—	as long as short
Bitget ETHFIUSDT	−0.0036%	4h	0.7230	−0.017%	$6.2M	$5.5M	75x	as long as short
Paradex ETHFI-USD-PERP	−0.0033%	8h	0.7231	−0.008%	$6K	—	5x	as long as short
HTX ETHFI-USDT	−0.0021%	4h	0.7218	−0.183%	$84K	$153K	20x	as long as short
Bybit ETHFIUSDT	0.0000%	4h	0.7233	+0.024%	$18.6M	$12.3M	25x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7237	+0.080%	$1.1M	$890K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ETHFI	+0.0100%	1h	0.7249	+0.244%	$19.7M	$7.4M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7238	+0.091%	$183K	$238K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7232	+0.010%	$25.5M	$35.4M	75x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7233	+0.024%	$4.9M	$12.1M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7239	+0.107%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7233	+0.024%	$15.3M	$3.7M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7232	+0.010%	$1.2M	$260K	50x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7233	+0.024%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7265	+0.464%	$49K	$55K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7239	+0.107%	$2K	$1.0M	20x	as long as short
Extended ETHFI-USDlong	+0.0104%	1h	0.7231	long leg	$104K	$489K	10x
Aevo ETHFI-PERP	+0.0104%	1h	0.7245	+0.190%	$9K	—	3x	as long as short
Coinbase International ETHFI-PERP-INTXshort	+0.0336%	1h	0.7241	+0.135%	$32K	$8K	50x
BloFin ETHFI-USDT	+0.0340%	4h	0.7237	+0.080%	$1.3M	$303K	75x	as long as short