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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.181%
7d average+0.052%if it closes, per $10,000$18funding while held, a day−$3.84
Long on Variational OmniShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETHFI0.72210.0100pay 0.0050% / 4h20m 18s$1.1M$858K—
ShortKraken Futures PF_ETHFIUSD0.7234−0.0028pay 0.0004% / 1h20m 18s$278K$195K20x

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
$18.12
Funding while held
−$3.84
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$4.28
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kraken Futures: live order book, 29 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0128%
Per $10,000 a day
−$3.84
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 Variational Omni RFQ quote, 5 min ago4.15 bpdoesn't fit52.6 bp −$526doesn't fitdoesn't fit
Sell Kraken Futures live order book, 29 min ago35.00 bp51.0 bp −$51134.8 bp −$1,348doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.7205cheapestParadex0.7219+0.196%
Variational Omni0.7221+0.220%
Bitget0.7223+0.250%BloFin0.7225+0.278%Aevo0.7225+0.279%Extended0.7226+0.285%Binance0.7226+0.291%MEXC0.7226+0.291%Bybit0.7228+0.319%BingX0.7228+0.319%Orderly0.7228+0.319%SunX0.7228+0.319%Aster0.7230+0.347%Gate0.7230+0.347%Polymarket Perps0.7230+0.353%Deribit0.7231+0.361%OKX0.7232+0.375%KuCoin0.7233+0.389%
Kraken Futures0.7234+0.402%
Hyperliquid0.7240+0.480%Lighter0.7242+0.509%Coinbase International0.7291+1.194%Injective0.7441+3.276%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETHFI-USDT−0.220%−0.0038%4h$83K$160K20xas long as short
Paradex ETHFI-USD-PERP−0.025%−0.0047%8h$6K—5xas long as short
Variational Omni ETHFIlong0.000%+0.0100%4h$1.1M$858K—
Bitget ETHFIUSDT+0.029%+0.0100%4h$6.2M$5.8M75xas long as short
BloFin ETHFI-USDT+0.057%+0.0340%4h$1.4M$272K75xas long as short
Aevo ETHFI-PERP+0.059%+0.0104%1h$9K—3xas long as short
Extended ETHFI-USD+0.064%+0.0104%1h$97K$479K10xas long as short
Binance ETHFIUSDT+0.071%+0.0100%4h$25.5M$36.8M75xas long as short
MEXC ETHFI_USDT+0.071%+0.0100%4h$15.5M$4.0M125xas long as short
Bybit ETHFIUSDT+0.099%+0.0100%4h$18.8M$13.2M25xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ETHFI-USDC+0.099%+0.0100%4h—$1.2M—as long as short
Orderly PERP_ETHFI_USDC+0.099%−0.0092%4h$17K$6610xas long as short
SunX ETHFI-USDT+0.099%+0.0100%4h$2K$1.0M20xas long as short
Aster ETHFIUSDT+0.126%+0.0100%4h$185K$250K10xas long as short
Gate ETHFI_USDT+0.126%+0.0034%4h$1.7M$1.9M75xas long as short
Polymarket Perps ETHFI-USD+0.132%+0.0100%1h$47K$51K5xas long as short
Deribit ETHFI_USDC-PERPETUAL+0.140%−0.0303%1h$46K$17K10xas long as short
OKX ETHFI-USDT-SWAP+0.154%−0.0176%4h$4.8M$12.3M20xas long as short
KuCoin ETHFIUSDTM+0.168%+0.0100%4h$1.2M$277K50xas long as short
Kraken Futures PF_ETHFIUSDshort+0.181%−0.0028%1h$278K$195K20x
Hyperliquid ETHFI+0.259%+0.0100%1h$19.6M$7.0M5xas long as short
Lighter ETHFI+0.288%+0.0096%1h$1.3M$573K5xas long as short
Coinbase International ETHFI-PERP-INTX+0.971%+0.0184%1h$32K$59K50xas long as short
Injective ETHFI/USDC PERP+3.048%+0.0033%1h$330$56K5.5xas long as short