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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: KuCoin against Gate0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1751.754% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 7 days−0.059%−$6 · spread now 0.000%, 7d avg −0.024%
Together, before fees+0.028%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETHFI_USDT0.71280.0100pay 0.0050% / 4h2h 45m$1.7M$2.0M75x
ShortKuCoin ETHFIUSDTM0.71280.0100get 0.0050% / 4h2h 45m$1.2M$259K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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
Price spread: 0.000% → −0.024%
$2.44
Slippage, 4 orders
−$148.41
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$172.97
Costs to cover
1.754%
Break-even
never at this rate
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago4.20 bp29.7 bp −$30221.0 bp −$2,210doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago8.39 bp55.1 bp −$55163.0 bp −$1,630doesn'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−0.0376%4h0.7121−0.098%$88K$169K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0311%1h0.7132+0.056%$40K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0210%4h0.7127−0.014%$16K$1K10xas long as short
Variational Omni ETHFI−0.0006%4h0.7128−0.001%$1.0M$722Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.571%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0038%8h0.7120−0.114%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7133+0.063%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7126−0.028%$17.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7127−0.016%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7118−0.134%$24.8M$36.5M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7129+0.014%$17.9M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7133+0.070%$5.0M$12.3M20xas long as short
Gate ETHFI_USDTlong+0.0100%4h0.7128long leg$1.7M$2.0M75x
MEXC ETHFI_USDT+0.0100%4h0.7127−0.014%$15.4M$3.9M125xas long as short
KuCoin ETHFIUSDTMshort+0.0100%4h0.71280.000%$1.2M$259K50x
Bitget ETHFIUSDT+0.0100%4h0.7124−0.056%$6.1M$5.5M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7129+0.014%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7137+0.128%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7129+0.014%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7125−0.049%$98K$383K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7127−0.013%$8K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7169+0.575%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7137+0.133%$272K$185K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7142+0.196%$1.2M$260K75xas long as short