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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended+0.159%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1271.272% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.159%, 7d avg +0.091%
Together, before fees+0.130%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.068% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71710.0024pay 0.0003% / 1h5m 59s$93K$493K10x
ShortKuCoin ETHFIUSDTM0.71820.0100get 0.0050% / 4h1h 05m$1.2M$272K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$15.96
Price spread: +0.159% → +0.091%
$6.82
Slippage, 4 orders
−$110.23
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$104.45
Costs to cover
1.272%
Break-even
52.8 days
Slippage from Extended: live order book, 12 min ago; KuCoin: live order book, 4 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, 12 min ago2.66 bp17.9 bp −$18183.1 bp −$1,831doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago4.89 bp43.0 bp −$43143.3 bp −$1,433doesn't fitdoesn'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−0.0446%1h0.7184+0.187%$42K$18K10xas long as short
HTX ETHFI-USDT−0.0293%4h0.7169−0.022%$83K$165K20xas long as short
Kraken Futures PF_ETHFIUSD−0.0252%1h0.7187+0.229%$282K$148K20xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7180+0.132%$16K$1K10xas long as short
Binance ETHFIUSDT+0.0020%4h0.7172+0.020%$24.9M$37.2M75xas long as short
MEXC ETHFI_USDT+0.0022%4h0.7174+0.048%$15.1M$3.8M125xas long as short
Extended ETHFI-USDlong+0.0024%1h0.7171long leg$93K$493K10x
Paradex ETHFI-USD-PERP+0.0028%8h0.7179+0.116%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.968%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7188+0.250%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ETHFI-USDT+0.0093%4h0.7162−0.119%$1.2M$292K75xas long as short
Lighter ETHFI+0.0096%1h0.7185+0.203%$1.1M$898K5xas long as short
Bitget ETHFIUSDT+0.0096%4h0.7178+0.104%$6.1M$5.7M75xas long as short
Hyperliquid ETHFI+0.0100%1h0.7189+0.254%$18.2M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7179+0.123%$183K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7178+0.104%$18.2M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7179+0.118%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7181+0.146%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.7182+0.159%$1.2M$272K50x
BingX ETHFI-USDC+0.0100%4h0.7179+0.118%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7166−0.070%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7182+0.164%$59K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7180+0.132%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7185+0.201%$31K$6K50xas long as short