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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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.

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Hyperliquid against SunX+0.171%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Long on SunXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.171%, 7d avg +0.089%
Together, before fees−0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: Hyperliquid is 0.082% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,7470.0100pay 0.0100% / 8h6h 52m$963K$12.7M100x
ShortHyperliquid ETH2,751.70.0100get 0.0013% / 1h52m 46s$3.13B$2.14B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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: +0.171% → +0.089%
$8.23
Slippage, 4 orders
−$4.62
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.39
Costs to cover
0.216%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; Hyperliquid: live order book, 11 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 SunX live order book, 6 min ago0.29 bp7.0 bp −$77.0 bp −$7010.4 bp −$1,03732.5 bp −$16.2K
Sell Hyperliquid live order book, 11 min ago0.36 bp4.9 bp −$54.9 bp −$495.1 bp −$5097.0 bp −$3,500

ETH on 55 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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.157%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,745.6−0.052%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.2−0.284%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.7+0.135%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.1+0.004%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.331%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.130%$10.9M$41.8M50xas long as short
01 Exchange ETHUSD0.0000%1h2,745.1−0.069%$180K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.4+0.016%$22.2M—200xas long as short
BingX ETH-USDC+0.0027%8h2,749.9+0.106%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0033%8h2,746.7−0.012%$1.07B$1.23B200xas long as short
OKX ETH-USDT-SWAP+0.0035%8h2,750.3+0.118%$1.67B$11.08B100xas long as short
Aster ETHUSDT+0.0043%8h2,750.1+0.113%$255.9M$854.5M200xas long as short
MEXC ETH_USDT+0.0055%8h2,750+0.110%$1.58B$2.52B500xas long as short
Binance ETHUSDT+0.0055%8h2,749.6+0.096%$6.37B$16.31B150xas long as short
Aevo ETH-PERP+0.0056%1h2,745.5−0.056%$4.9M$163K20xas long as short
Gate ETH_USDT+0.0065%8h2,750.5+0.127%$3.33B$8.70B200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,749.5+0.090%$384.4M$607.0M100xas long as short
Bitget ETHUSDT+0.0083%8h2,750+0.108%$2.07B$2.86B150xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,750.1+0.111%$30K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.6+0.058%$59.5M$4.39B50xas long as short
Variational Omni ETH+0.0095%8h2,741.6−0.198%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,749.7+0.099%$113.3M$438.5M50xas long as short
Lighter RH ETH+0.0096%1h2,751.1+0.150%$25.1M$105.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.9−0.114%—$35.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.4+0.232%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.2−0.102%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.4−0.058%$14.0M$113.2M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,751.7+0.171%$3.13B$2.14B25x
Pacifica ETH+0.0100%1h2,750.3+0.120%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750+0.110%$2.46B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.2+0.080%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,751.2+0.151%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.205%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748.3+0.046%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.163%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.9−0.257%$159.3M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,741.2−0.211%$21.2M$65.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,746−0.037%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.3−0.025%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.9−0.004%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.005%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,749.1+0.075%$42.0M$29.0M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,747long leg$963K$12.7M100x
SoDEX ETH-USD+0.0100%1h2,747.2+0.007%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.8+0.027%$267.2M$66.1M150xas long as short
Extended ETH-USD+0.0104%1h2,749.4+0.089%$30.5M$74.5M50xas long as short
Deribit ETH-PERPETUAL+0.0125%1h2,748.4+0.051%$258.8M$202.3M50xas long as short
Kalshi KXETHPERP+0.0130%8h2,745−0.073%$7.7M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h2,750.2+0.116%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,741.7−0.194%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,747.3+0.012%$286.1M$178.5M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.5−0.091%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,746.4−0.021%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.3+0.048%$93.0M$319.6M100xas long as short