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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%
Price spread now: SunX against Lighter−0.056%7-day average −0.109% · 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−0.079%−$8 on $10k
Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.056%, 7d avg −0.109%
Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · farm board−$16 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: SunX is 0.053% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.71980.0096pay 0.0012% / 1h38m 56s$1.1M$894K5x
ShortSunX ETHFI-USDT0.71940.0100get 0.0050% / 4h3h 38m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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
$0.84
Price spread: −0.056% → −0.109%
$5.31
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$1.85
Costs to cover
0.080%
Break-even
22.4 days
Slippage unknown: Lighter: live order book, 2 min ago; SunX: live order book, 4 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 Lighter live order book, 2 min ago12.35 bp14.0 bp −$1489.9 bp −$899doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago500.45 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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
HTX ETHFI-USDT−0.0858%4h0.7168−0.417%$83K$165K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7191−0.097%$41K$14K10xas long as short
Orderly PERP_ETHFI_USDC−0.0197%4h0.7188−0.139%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0185%4h0.7182−0.222%$18.2M$13.1M25xas long as short
Variational Omni ETHFI−0.0057%4h0.7188−0.134%$1.0M$744Kas long as short
Paradex ETHFI-USD-PERP−0.0041%8h0.7189−0.124%$6K5xas long as short
Extended ETHFI-USD+0.0024%1h0.7182−0.219%$97K$623K10xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7181−0.236%$15.4M$3.8M125xas long as short
Binance ETHFIUSDT+0.0027%4h0.7180−0.250%$25.1M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.583%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7185−0.181%$9K3xas long as short
Lighter ETHFIlong+0.0096%1h0.7198long leg$1.1M$894K5x
Hyperliquid ETHFI+0.0100%1h0.7194−0.063%$18.0M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7188−0.142%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7186−0.167%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7188−0.139%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7191−0.097%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7182−0.222%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7185−0.181%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7190−0.110%$71K$116K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7194−0.056%$2K$1.1M20x
BloFin ETHFI-USDT+0.0108%4h0.7183−0.208%$1.3M$277K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.542%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7199+0.017%$273K$165K20xas long as short