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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0506%/8h= −55.4% APRnext payment $2.53 per $10,000 · paid last 24h −0.040%
Price spread now: HTX against SunX−0.238%7-day average −0.163% · 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−0.149%−$15 on $10k
Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.238%, 7d avg −0.163%
Together, before fees−0.051%−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and HTX is 0.075% cheaper against SunX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.163%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.71400.0100pay 0.0050% / 4h2h 50m$1K$1.1M20x
ShortHTX ETHFI-USDT0.7123−0.0406pay 0.0203% / 4h2h 50m$88K$169K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$106.34
Price spread: −0.238% → −0.163%
−$7.53
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$133.87
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 2 min ago; HTX: live order book, 16 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 SunX live order book, 2 min ago500.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 16 min ago22.92 bp48.9 bp −$49doesn'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
Deribit ETHFI_USDC-PERPETUAL−0.0450%1h0.7139−0.014%$40K$13K10xas long as short
HTX ETHFI-USDTshort−0.0406%4h0.7123−0.238%$88K$169K20x
Orderly PERP_ETHFI_USDC−0.0212%4h0.7135−0.070%$16K$1K10xas long as short
Variational Omni ETHFI−0.0006%4h0.7135−0.072%$1.0M$721Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.401%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0038%8h0.7145+0.071%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7155+0.204%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7159+0.261%$17.9M$8.5M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7149+0.124%$183K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7146+0.083%$24.9M$36.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7146+0.084%$18.0M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7151+0.154%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7151+0.154%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7149+0.126%$15.1M$3.8M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7146+0.084%$1.2M$259K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7148+0.112%$6.1M$5.5M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7145+0.070%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7135−0.067%$71K$116K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7140long leg$1K$1.1M20x
Extended ETHFI-USD+0.0104%1h0.7143+0.047%$98K$389K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.71400.000%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7154+0.196%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0227%1h0.7142+0.033%$271K$174K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7134−0.084%$1.3M$260K75xas long as short