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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Hyperliquid against SunX−0.066%7-day average +0.110% · 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+0.060%+$6 on $10k
Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.066%, 7d avg +0.110%
Together, before fees+0.257%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 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 0.175% cheaper against SunX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.71730.0100pay 0.0050% / 4h3h 49m$2K$1.1M20x
ShortHyperliquid ETHFI0.71680.0100get 0.0013% / 1h49m 42s$18.0M$9.1M5x

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: −0.066% → +0.110%
−$17.52
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$34.52
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Hyperliquid: live order book, 3 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, 3 min ago501.25 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.28 bp11.8 bp −$12doesn'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−0.0425%4h0.7158−0.209%$83K$166K20xas long as short
Bybit ETHFIUSDT−0.0358%4h0.7165−0.112%$18.1M$13.2M25xas long as short
Orderly PERP_ETHFI_USDC−0.0194%4h0.7158−0.209%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0169%1h0.7163−0.139%$41K$13K10xas long as short
Paradex ETHFI-USD-PERP−0.0042%8h0.7159−0.200%$6K5xas long as short
Variational Omni ETHFI−0.0039%4h0.7161−0.169%$1.0M$746Kas long as short
Extended ETHFI-USD+0.0016%1h0.7158−0.203%$93K$524K10xas long as short
MEXC ETHFI_USDT+0.0016%4h0.7161−0.167%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0016%4h0.7164−0.125%$25.0M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.934%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ETHFI-USDT+0.0065%4h0.7150−0.321%$1.2M$280K75xas long as short
Gate ETHFI_USDT+0.0076%4h0.7169−0.056%$1.7M$2.0M75xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7154−0.262%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7171−0.031%$1.1M$894K5xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.7168−0.066%$18.0M$9.1M5x
Aster ETHFIUSDT+0.0100%4h0.7166−0.098%$183K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7170−0.042%$5.0M$12.6M20xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7163−0.139%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7161−0.167%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7166−0.098%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7172−0.010%$59K$94K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7173long leg$2K$1.1M20x
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.892%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0220%1h0.7168−0.072%$275K$161K20xas long as short