ArbiLayer

ETHFI arbitrage

live

Live Ether.fi price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.10%MEXC → Bybit · Perp–Perp
Best perp–perp spread+0.06%MEXC → Bybit
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.24%$0.7053 – $0.7071

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXC$0.7054Bybit logoBybit$0.7058 +0.06%-0.10% +0.06%— +0.006%— LS Chart →
MEXC logoMEXC$0.7054OKX logoOKX$0.7058 +0.06%-0.10% +0.06%— -0.007%— LS Chart →
MEXC logoMEXC$0.7054Hyperliquid logoHyperliquid$0.7058 +0.05%-0.11% +0.06%— +0.038%— LS Chart →
MEXC logoMEXC$0.7054Bitget logoBitget$0.7057 +0.04%-0.12% +0.05%— +0.038%— LS Chart →
MEXC logoMEXC$0.7054Binance logoBinance$0.7056 +0.03%-0.13% +0.03%— -0.001%— LS Chart →
MEXC logoMEXC$0.7054Gate logoGate$0.7056 +0.03%-0.13% +0.03%— +0.038%— LS Chart →
MEXC logoMEXC$0.7054Variational logoVariational$0.7056 +0.03%-0.13% +0.03%— +0.006%— LS Chart →
Binance logoBinance$0.7057Bybit logoBybit$0.7058 +0.01%-0.15% +0.02%— +0.007%— LS Chart →
Binance logoBinance$0.7057OKX logoOKX$0.7058 +0.01%-0.15% +0.01%— -0.005%— LS Chart →
Gate logoGate$0.7057Bybit logoBybit$0.7058 +0.01%-0.15% +0.01%— -0.032%— LS Chart →
Gate logoGate$0.7057OKX logoOKX$0.7058 +0.01%-0.15% +0.01%— -0.045%— LS Chart →
Binance logoBinance$0.7057Hyperliquid logoHyperliquid$0.7058 +0.01%-0.15% +0.01%— +0.040%— LS Chart →
Gate logoGate$0.7057Hyperliquid logoHyperliquid$0.7058 +0.01%-0.15% +0.01%— 0.000%+0.76% LS Chart →
Binance logoBinance$0.7057Bitget logoBitget$0.7057 0.00%-0.16% +0.01%— +0.040%— LS Chart →
Gate logoGate$0.7057Bitget logoBitget$0.7057 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ETHFI price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ETHFI_USDTPerpetual $0.7056$0.7057$0.7057-0.06% +0.030%$38.83M
Bybit logoBybitPerpetual · ETHFIUSDTPerpetual $0.7058$0.7059$0.7059-0.03% -0.002%$21.69M
OKX logoOKXPerpetual · ETHFI-USDT-SWAPPerpetual $0.7058$0.706$0.7059-0.02% -0.015%$16.79M
MEXC logoMEXCPerpetual · ETHFI_USDTPerpetual $0.7053$0.7054$0.7054-0.10% -0.008%$10.86M
Hyperliquid logoHyperliquidPerpetual · ETHFIPerpetual $0.7058$0.7064$0.7061+0.00% +0.030%$9.27M
OKX logoOKXSpot · ETHFI-USDTSpot $0.7069$0.7072$0.7071+0.14% —$5.65M
Bitget logoBitgetPerpetual · ETHFIUSDTPerpetual $0.7057$0.706$0.7059-0.03% +0.030%$5.51M
Variational logoVariationalPerpetual · ETHFIPerpetual $0.7056$0.7066$0.7061+0.01% -0.003%$2.97M
Bybit logoBybitSpot · ETHFIUSDTSpot $0.7067$0.7068$0.7068+0.10% —$2.03M
KuCoin logoKuCoinSpot · ETHFI-USDTSpot $0.7056$0.7066$0.7061+0.01% —$1.46M
Bitget logoBitgetSpot · ETHFIUSDTSpot $0.7062$0.7063$0.7063+0.03% —$1.03M
KuCoin logoKuCoinPerpetual · ETHFIUSDTMPerpetual $0.7049$0.7058$0.7053-0.10% +0.030%$796.9K
Gate logoGateSpot · ETHFI_USDTSpot $0.7062$0.7067$0.7065+0.06% —$613.5K
HTX logoHTXPerpetual · ETHFI-USDTPerpetual $0.7046$0.7075$0.7061-0.00% +0.015%$78.5K
Binance logoBinancePerpetual · ETHFIUSDTPerpetual $0.7056$0.7057$0.7057-0.06% -0.010%—
Aster logoAsterPerpetual · ETHFIUSDTPerpetual $0.7052$0.706$0.7056-0.06% +0.019%—
Binance logoBinanceSpot · ETHFIUSDTSpot $0.7063$0.7064$0.7064+0.04% ——
MEXC logoMEXCSpot · ETHFIUSDTSpot $0.7063$0.7064$0.7064+0.04% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ETHFI arbitrage explained

Right now Ether.fi (ETHFI) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.7054 and the highest bid on OKX spot at $0.7069.

The widest ETHFI perpetual spread is between MEXC and Bybit: long ETHFI on MEXC at $0.7054 and short on Bybit at $0.7058 for +0.06% gross, or -0.10% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.006% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ETHFI route is to buy spot on Bitget and short the perpetual on Bybit: -0.07% gross, -0.27% net, with -0.002% a day of funding on the short leg.

Spot–spot ETHFI arbitrage (buy on Bitget, withdraw, deposit and sell on OKX) shows +0.08% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ETHFI gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ETHFI funding rates · ETHFI spread charts · Ether.fi price · arbitrage scanner for all coins.

Is there a ETHFI arbitrage opportunity right now?

The best ETHFI route right now is to buy on MEXC → sell on Bybit (Perp–Perp): +0.06% gross and -0.10% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ETHFI?

MEXC (perp) has the lowest ETHFI ask at $0.7054, and OKX (spot) the highest bid at $0.7069. Prices update every 15 seconds on this page.

How many exchanges list ETHFI?

ArbiLayer tracks 18 ETHFI markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ETHFI without transferring coins?

Use two perpetual contracts: go long ETHFI on the cheaper exchange (MEXC now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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