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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.016%
Price spread now: OKX against Extended+0.092%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.624% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.092%, 7d avg +0.081%
Together, before fees−0.040%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.71800.0032pay 0.0004% / 1h23m 18s$93K$492K10x
ShortOKX ETHFI-USDT-SWAP0.71870.0100get 0.0050% / 4h23m 18s$5.0M$12.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$14.28
Price spread: +0.092% → +0.081%
$1.11
Slippage, 4 orders
−$47.4
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$47.01
Costs to cover
0.624%
Break-even
30.0 days
Slippage from Extended: live order book, 54 min ago; OKX: live order book, 5 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, 54 min ago2.66 bp17.9 bp −$18183.1 bp −$1,831doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.69 bp13.1 bp −$1340.5 bp −$405doesn'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
HTX ETHFI-USDT−0.0367%4h0.7169−0.159%$83K$165K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7187+0.092%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0187%4h0.7182+0.022%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP−0.0009%8h0.7176−0.055%$6K5xas long as short
Extended ETHFI-USDlong+0.0032%1h0.7180long leg$93K$492K10x
MEXC ETHFI_USDT+0.0032%4h0.7179−0.020%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0032%4h0.7185+0.064%$25.0M$37.2M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.830%$321$51K5.5xas long as short
Aster ETHFIUSDT+0.0080%4h0.7185+0.064%$183K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7180−0.006%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7195+0.204%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7191+0.154%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7184+0.050%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAPshort+0.0100%4h0.7187+0.092%$5.0M$12.6M20x
Gate ETHFI_USDT+0.0100%4h0.7182+0.022%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7178−0.034%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7180−0.006%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7180−0.006%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7178−0.038%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7182+0.021%$59K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7186+0.078%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0128%4h0.7178−0.034%$1.3M$288K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.788%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7195+0.198%$277K$162K20xas long as short