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-0.12%Binance → Hyperliquid · Perp–Perp
Best perp–perp spread+0.04%Binance → Hyperliquid
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.19%$0.7259 – $0.7273

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.7272OKX logoOKXspot$0.7271 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7272MEXC logoMEXCspot$0.7271 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Binance logoBinancespot$0.7273OKX logoOKXspot$0.7271 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Binance logoBinancespot$0.7273MEXC logoMEXCspot$0.7271 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7273OKX logoOKXspot$0.7271 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7272Binance logoBinancespot$0.727 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.7272Bitget logoBitgetspot$0.727 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
OKX logoOKXspot$0.7274MEXC logoMEXCspot$0.7271 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.7274OKX logoOKXspot$0.7271 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.7274MEXC logoMEXCspot$0.7271 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.7274OKX logoOKXspot$0.7271 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.7274MEXC logoMEXCspot$0.7271 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$0.7273Bitget logoBitgetspot$0.727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7273Binance logoBinancespot$0.727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.7273Bitget logoBitgetspot$0.727 -0.04%-0.24% -0.04%— 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 $0.7265$0.727$0.7268-0.02% +0.030%$26.55M
OKX logoOKXPerpetual · ETHFI-USDT-SWAPPerpetual $0.7266$0.7268$0.7267-0.02% +0.021%$9.22M
Bybit logoBybitPerpetual · ETHFIUSDTPerpetual $0.7264$0.7266$0.7265-0.05% +0.030%$8.87M
MEXC logoMEXCPerpetual · ETHFI_USDTPerpetual $0.7263$0.7264$0.7264-0.07% +0.010%$5.12M
Hyperliquid logoHyperliquidPerpetual · ETHFIPerpetual $0.7267$0.7274$0.7271+0.02% +0.030%$3.27M
Bitget logoBitgetPerpetual · ETHFIUSDTPerpetual $0.7263$0.7267$0.7265-0.05% +0.030%$2.66M
OKX logoOKXSpot · ETHFI-USDTSpot $0.7271$0.7274$0.7273+0.05% —$1.75M
Variational logoVariationalPerpetual · ETHFIPerpetual $0.7254$0.7264$0.7259-0.13% +0.030%$1.34M
Bybit logoBybitSpot · ETHFIUSDTSpot $0.7269$0.7272$0.7271+0.02% —$899.5K
Gate logoGateSpot · ETHFI_USDTSpot $0.7269$0.7274$0.7272+0.04% —$452.7K
Bitget logoBitgetSpot · ETHFIUSDTSpot $0.727$0.7276$0.7273+0.06% —$412.7K
KuCoin logoKuCoinSpot · ETHFI-USDTSpot $0.7266$0.7274$0.727+0.02% —$275.1K
KuCoin logoKuCoinPerpetual · ETHFIUSDTMPerpetual $0.7262$0.7273$0.7268-0.02% +0.030%$161.6K
HTX logoHTXPerpetual · ETHFI-USDTPerpetual $0.7236$0.7282$0.7259-0.13% +0.015%$116.8K
Binance logoBinancePerpetual · ETHFIUSDTPerpetual $0.7263$0.7264$0.7264-0.07% +0.011%—
Aster logoAsterPerpetual · ETHFIUSDTPerpetual $0.7262$0.728$0.7271+0.03% +0.027%—
Binance logoBinanceSpot · ETHFIUSDTSpot $0.727$0.7273$0.7272+0.04% ——
MEXC logoMEXCSpot · ETHFIUSDTSpot $0.7271$0.7273$0.7272+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 $0.7264 and the highest bid on OKX spot at $0.7271.

The widest ETHFI perpetual spread is between Binance and Hyperliquid: long ETHFI on Binance at $0.7264 and short on Hyperliquid at $0.7267 for +0.04% gross, or -0.12% 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 +0.019% 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 Bybit and short the perpetual on Hyperliquid: -0.07% gross, -0.27% net, with +0.030% a day of funding on the short leg.

Spot–spot ETHFI arbitrage (buy on Bybit, withdraw, deposit and sell on OKX) shows -0.01% 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 Binance → sell on Hyperliquid (Perp–Perp): +0.04% gross and -0.12% 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 $0.7264, and OKX (spot) the highest bid at $0.7271. 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 (Binance now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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