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

ETHFI

all ETHFI markets
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 −0.010%
Price spread now: Variational Omni against MEXC−0.068%7-day average +0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.010%−$1 on $10k
Price spread, last 7 days+0.108%+$11 · spread now −0.068%, 7d avg +0.062%
Together, before fees+0.098%+ Points / potential airdropVariational Omni: Active · farm board+$10 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: Variational Omni is 0.130% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.70590.0100pay 0.0050% / 4h22m 36s$15.7M$4.0M125x
ShortVariational Omni ETHFI0.70540.0100get 0.0050% / 4h22m 36s$977K$710K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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: −0.068% → +0.062%
−$13.04
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$17.04
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago0.71 bp5.9 bp −$613.8 bp −$13862.4 bp −$6,239180.2 bp −$90.1K
Sell Variational Omni RFQ quote, 6 min ago4.95 bpdoesn't fit45.9 bp −$459doesn'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−0.0598%1h0.7069+0.142%$40K$12K10xas long as short
HTX ETHFI-USDT−0.0302%4h0.7058−0.014%$87K$168K20xas long as short
Orderly PERP_ETHFI_USDC−0.0222%4h0.7067+0.113%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.564%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7072+0.186%$265K$209K20xas long as short
Paradex ETHFI-USD-PERP+0.0049%8h0.7060+0.012%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7070+0.150%$1.1M$879K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7067+0.110%$17.5M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7070+0.152%$181K$262K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7062+0.042%$24.5M$35.2M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7063+0.057%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7067+0.113%$5.1M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7070+0.156%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDTlong+0.0100%4h0.7059long leg$15.7M$4.0M125x
KuCoin ETHFIUSDTM+0.0100%4h0.7072+0.184%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7061+0.028%$6.1M$5.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7067+0.113%$26.0Mas long as short
Variational Omni ETHFIshort+0.0100%4h0.7054−0.068%$977K$710K
Polymarket Perps ETHFI-USD+0.0100%1h0.7085+0.367%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7074+0.212%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7056−0.044%$97K$379K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7068+0.121%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7062+0.042%$1.2M$248K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7096+0.524%$31K$6K50xas long as short