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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%
Price spread now: Lighter against SunX+0.136%7-day average +0.111% · 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+0.079%+$8 on $10k
Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.136%, 7d avg +0.111%
Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · farm board+$6 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: Lighter is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.71890.0100pay 0.0050% / 4h29m 49s$2K$1.1M20x
ShortLighter ETHFI0.71990.0096get 0.0012% / 1h29m 49s$1.1M$897K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.136% → +0.111%
$2.56
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.28
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Lighter: live order book, 1 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 ago500.87 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago7.64 bp35.3 bp −$3596.7 bp −$967doesn'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−0.0332%4h0.7181−0.111%$83K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7190+0.014%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7186−0.042%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0022%8h0.7183−0.079%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.709%$321$51K5.5xas long as short
Extended ETHFI-USD+0.0040%1h0.7182−0.093%$93K$493K10xas long as short
MEXC ETHFI_USDT+0.0040%4h0.7186−0.042%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0042%4h0.7182−0.097%$25.0M$37.2M75xas long as short
Aster ETHFIUSDT+0.0062%4h0.7195+0.083%$184K$262K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7184−0.063%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFIshort+0.0096%1h0.7199+0.136%$1.1M$897K5x
Hyperliquid ETHFI+0.0100%1h0.7199+0.138%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7183−0.083%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7187−0.028%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7187−0.028%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7187−0.028%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7182−0.097%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7188−0.014%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7193+0.051%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7193+0.050%$60K$94K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7189long leg$2K$1.1M20x
BloFin ETHFI-USDT+0.0166%4h0.7193+0.056%$1.3M$290K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.668%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7199+0.137%$277K$161K20xas long as short