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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.017%
Price spread now: Binance against Hyperliquid−0.153%7-day average −0.144% · 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 7 days−0.086%−$9 on $10k
Price spread, last 7 days+0.077%+$8 · spread now −0.153%, 7d avg −0.144%
Together, before fees−0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.144%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.71230.0100pay 0.0013% / 1h50m 03s$18.0M$8.9M5x
ShortBinance ETHFIUSDT0.71120.0073get 0.0037% / 4h1h 50m$24.7M$37.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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
−$5.63
Price spread: −0.153% → −0.144%
−$0.87
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$25.49
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Binance: live order book, 7 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 Hyperliquid live order book, 3 min ago0.63 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.70 bp14.7 bp −$1542.0 bp −$420151.1 bp −$15.1Kdoesn'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−0.0733%1h0.7115−0.111%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0254%1h0.7129+0.089%$280K$145K20xas long as short
HTX ETHFI-USDT−0.0210%4h0.7109−0.195%$82K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0177%4h0.7113−0.139%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.644%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0037%8h0.7117−0.086%$6K5xas long as short
Bitget ETHFIUSDT+0.0064%4h0.7111−0.167%$6.1M$5.7M75xas long as short
Extended ETHFI-USD+0.0072%1h0.7111−0.169%$92K$493K10xas long as short
Binance ETHFIUSDTshort+0.0073%4h0.7112−0.153%$24.7M$37.1M75x
MEXC ETHFI_USDT+0.0074%4h0.7112−0.153%$15.0M$3.8M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7116−0.091%$1.1M$898K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.7110−0.181%$8K3xas long as short
Hyperliquid ETHFIlong+0.0100%1h0.7123long leg$18.0M$8.9M5x
Aster ETHFIUSDT+0.0100%4h0.7126+0.040%$182K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7118−0.069%$18.1M$12.9M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7115−0.111%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7120−0.041%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7115−0.111%$1.2M$270K50xas long as short
BingX ETHFI-USDC+0.0100%4h0.7115−0.111%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7124+0.014%$1.0M$745Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7117−0.077%$59K$85K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7118−0.069%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0297%4h0.7118−0.069%$1.2M$291K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7147+0.338%$31K$6K50xas long as short