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 −0.015%
Price spread now: Bitget against KuCoin−0.084%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1521.519% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days+0.045%+$5 · spread now −0.084%, 7d avg −0.015%
Together, before fees−0.006%−$1 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: Bitget is 0.069% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHFIUSDTM0.71390.0100pay 0.0050% / 4h2h 47m$1.2M$259K50x
ShortBitget ETHFIUSDT0.71330.0100get 0.0050% / 4h2h 47m$6.1M$5.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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: −0.084% → −0.015%
−$6.89
Slippage, 4 orders
−$127.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$158.74
Costs to cover
1.519%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 1 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 KuCoin live order book, 3 min ago8.39 bp61.4 bp −$61186.9 bp −$1,869doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.80 bp19.8 bp −$2042.3 bp −$423doesn'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−0.0451%1h0.7131−0.112%$40K$13K10xas long as short
HTX ETHFI-USDT−0.0406%4h0.7134−0.070%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0211%4h0.7134−0.070%$16K$1K10xas long as short
Variational Omni ETHFI−0.0006%4h0.7135−0.058%$1.0M$721Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.415%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0041%8h0.7137−0.022%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7142+0.042%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7146+0.091%$17.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7139+0.003%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7130−0.126%$24.8M$36.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7133−0.084%$17.9M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.71390.000%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7142+0.042%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7137−0.028%$15.1M$3.8M125xas long as short
KuCoin ETHFIUSDTMlong+0.0100%4h0.7139long leg$1.2M$259K50x
Bitget ETHFIUSDTshort+0.0100%4h0.7133−0.084%$6.1M$5.5M75x
BingX ETHFI-USDC+0.0100%4h0.71390.000%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7145+0.085%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7138−0.014%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7134−0.077%$98K$389K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7127−0.171%$8K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7169+0.420%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7138−0.008%$272K$185K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7142+0.042%$1.2M$260K75xas long as short