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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.031%
Price spread now: SunX against Injective−1.381%61s7-day average · 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−1.157%−$116 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. SunX is 1.381% cheaper against Injective than usual: you would sell low and buy high (spread −1.381% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$138 on $10k: about 2 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.157%, so the current rate has only just turned in your favour. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETHFI/USDC PERP0.72400.0033pay 0.0004% / 1h5m 57s$321$51K5.5x
ShortSunX ETHFI-USDT0.71400.0100get 0.0050% / 4h2h 05m$1K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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
$14
Price spread: −1.381% → 0.000%
−$138.12
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
−$132.14
Costs to cover
0.080%
Break-even
73.1 days
Slippage unknown: Injective: no order-book sample; SunX: 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 Injective no order-book sample
Sell SunX live order book, 7 min ago499.51 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 23 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−0.0450%1h0.7139−1.395%$40K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0202%4h0.7138−1.409%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0106%4h0.7135−1.450%$88K$168K20xas long as short
Variational Omni ETHFI+0.0030%4h0.7139−1.398%$1.1M$717Kas long as short
Injective ETHFI/USDC PERPlong+0.0033%1h0.7240long leg$321$51K5.5x
Paradex ETHFI-USD-PERP+0.0062%8h0.7148−1.276%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7147−1.280%$1.1M$888K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7138−1.405%$17.9M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7142−1.353%$182K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7133−1.478%$24.8M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7138−1.409%$17.9M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7143−1.340%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7139−1.395%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7132−1.492%$15.4M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7136−1.436%$1.2M$258K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7134−1.464%$6.1M$5.4M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7138−1.409%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7157−1.149%$71K$118K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7140−1.381%$1K$1.1M20x
Extended ETHFI-USD+0.0104%1h0.7132−1.487%$97K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7135−1.450%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+0.180%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7148−1.268%$274K$188K20xas long as short