data as of
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Price arb /

ETHFI

all ETHFI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$129
spread now−0.094%7d average−0.053%fees + slippage, in and out−$125spread needed1.246%
Long on Kraken FuturesShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHFIUSD0.72280.0270pay 0.0034% / 1h22m 10s$279K$169K20x
ShortBybit ETHFIUSDT0.72210.0100get 0.0050% / 4h2h 22m$18.6M$12.4M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.44
Funding while held
−$5.11
Slippage, 4 orders
−$103.65
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$139.2
Spread needed to break even
1.246%
Slippage from Kraken Futures: live order book, 17 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0170%
Per $10,000 a day
−$5.11
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 17 min ago25.17 bp38.1 bp −$38163.6 bp −$1,636doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.70 bp18.9 bp −$1948.2 bp −$482doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.7175cheapestBloFin0.7198+0.321%Variational Omni0.7207+0.445%Paradex0.7209+0.477%Bitget0.7216+0.571%MEXC0.7217+0.585%KuCoin0.7217+0.585%Aevo0.7218+0.594%OKX0.7219+0.613%BingX0.7219+0.613%Binance0.7219+0.618%Extended0.7220+0.629%Polymarket Perps0.7221+0.638%
Bybit0.7221+0.641%
Gate0.7223+0.669%Orderly0.7223+0.669%SunX0.7225+0.697%Deribit0.7225+0.697%Aster0.7228+0.736%
Kraken Futures0.7228+0.736%
Coinbase International0.7229+0.753%Hyperliquid0.7229+0.758%Lighter0.7238+0.881%Injective0.7441+3.707%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETHFI-USDT−0.731%−0.0082%4h$83K$153K20xas long as short
BloFin ETHFI-USDT−0.413%+0.0340%4h$1.3M$291K75xas long as short
Variational Omni ETHFI−0.290%+0.0100%4h$1.1M$785K—as long as short
Paradex ETHFI-USD-PERP−0.258%0.0000%8h$6K—5xas long as short
Bitget ETHFIUSDT−0.164%+0.0050%4h$6.2M$5.5M75xas long as short
MEXC ETHFI_USDT−0.150%+0.0100%4h$15.4M$3.8M125xas long as short
KuCoin ETHFIUSDTM−0.150%+0.0100%4h$1.2M$262K50xas long as short
Aevo ETHFI-PERP−0.141%+0.0104%1h$9K—3xas long as short
OKX ETHFI-USDT-SWAP−0.122%+0.0100%4h$4.8M$11.9M20xas long as short
BingX ETHFI-USDT−0.122%+0.0100%4h—$25.9M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ETHFIUSDT−0.117%+0.0100%4h$25.4M$35.0M75xas long as short
Extended ETHFI-USD−0.106%+0.0104%1h$96K$494K10xas long as short
Polymarket Perps ETHFI-USD−0.097%+0.0100%1h$48K$54K5xas long as short
Bybit ETHFIUSDTshort−0.094%+0.0100%4h$18.6M$12.4M25x
Gate ETHFI_USDT−0.067%+0.0100%4h$1.7M$2.0M75xas long as short
Orderly PERP_ETHFI_USDC−0.067%−0.0131%4h$17K$1K10xas long as short
SunX ETHFI-USDT−0.039%+0.0100%4h$1K$1.0M20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.039%−0.0027%1h$44K$18K10xas long as short
Aster ETHFIUSDT−0.001%+0.0100%4h$185K$234K10xas long as short
Kraken Futures PF_ETHFIUSDlong0.000%+0.0270%1h$279K$169K20x
Coinbase International ETHFI-PERP-INTX+0.016%+0.0464%1h$32K$16K50xas long as short
Hyperliquid ETHFI+0.022%+0.0100%1h$19.7M$7.2M5xas long as short
Lighter ETHFI+0.144%+0.0256%1h$1.3M$562K5xas long as short
Injective ETHFI/USDC PERP+2.949%+0.0033%1h$330$56K5.5xas long as short