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: Injective against SunX+0.822%61s7-day average · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 0.822% dearer against SunX than usual: you sell high and buy low (spread +0.822% now, against zero (this spread has no 7-day history yet)): +$82 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 days. Mind the row above: over the last 7 days funding on this pair paid +1.157%, so the current rate has only just turned against you. 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
LongSunX ETHFI-USDT0.71810.0100pay 0.0050% / 4h2h 31m$1K$1.1M20x
ShortInjective ETHFI/USDC PERP0.72400.0033get 0.0004% / 1h31m 46s$321$51K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: +0.822% → 0.000%
$82.16
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$60.14
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: SunX: live order book, 1 min ago; Injective: no order-book sample. 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, 1 min ago500.00 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
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
HTX ETHFI-USDT−0.0267%4h0.7166−0.209%$88K$169K20xas long as short
Orderly PERP_ETHFI_USDC−0.0208%4h0.7176−0.070%$16K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0028%1h0.7180−0.014%$41K$13K10xas long as short
Variational Omni ETHFI−0.0002%4h0.7141−0.559%$1.0M$713Kas long as short
Injective ETHFI/USDC PERPshort+0.0033%1h0.7240+0.822%$321$51K5.5x
Paradex ETHFI-USD-PERP+0.0045%8h0.7167−0.191%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7172−0.121%$1.1M$887K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7175−0.078%$18.1M$8.4M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7176−0.074%$183K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7165−0.220%$24.9M$36.3M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7160−0.292%$18.0M$12.7M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7171−0.139%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7174−0.097%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7169−0.167%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7171−0.139%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7164−0.237%$6.1M$5.5M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7173−0.111%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7190+0.125%$71K$118K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7181long leg$1K$1.1M20x
Extended ETHFI-USD+0.0104%1h0.7170−0.156%$98K$381K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7175−0.084%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7185+0.056%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0226%1h0.7186+0.069%$273K$180K20xas long as short