ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.014%

Price spread now: Variational Omni against SunX−0.065%45s7-day average −0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.125%+$13 · spread now −0.065%, 7d avg −0.010%

Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.056% cheaper against SunX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ETHFI-USDT	0.7182	0.0100	pay 0.0050% / 4h	3h 20m	$2K	$1.1M	20x
Short	Variational Omni ETHFI	0.7177	−0.0038	pay 0.0019% / 4h	3h 20m	$1.0M	$725K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee SunXbpFee Variational OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: −$28.89
Price spread: −0.065% → −0.010%: −$5.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.44
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	500.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.86 bp	doesn't fit	52.1 bp −$521	doesn't fit	doesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETHFI-USDT	−0.0850%	4h	0.7171	−0.153%	$83K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0585%	1h	0.7178	−0.056%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0203%	4h	0.7174	−0.111%	$16K	$1K	10x	as long as short
Variational Omni ETHFIshort	−0.0038%	4h	0.7177	−0.065%	$1.0M	$725K	—
Paradex ETHFI-USD-PERP	−0.0008%	8h	0.7178	−0.051%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.808%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDT	+0.0060%	4h	0.7184	+0.028%	$15.3M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0062%	4h	0.7185	+0.040%	$25.1M	$36.5M	75x	as long as short
Extended ETHFI-USD	+0.0064%	1h	0.7176	−0.079%	$100K	$392K	10x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7191	+0.127%	$1.1M	$894K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0096%	1h	0.7177	−0.066%	$9K	—	3x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7192	+0.135%	$18.0M	$8.6M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7188	+0.083%	$184K	$256K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7189	+0.097%	$18.2M	$12.7M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7188	+0.084%	$5.0M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7188	+0.084%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7182	0.000%	$1.2M	$264K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7182	0.000%	$6.1M	$5.6M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7188	+0.084%	—	$26.1M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7187	+0.074%	$71K	$116K	5x	as long as short
SunX ETHFI-USDTlong	+0.0100%	4h	0.7182	long leg	$2K	$1.1M	20x
Coinbase International ETHFI-PERP-INTX	+0.0168%	1h	0.7237	+0.766%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0220%	1h	0.7180	−0.032%	$273K	$166K	20x	as long as short
BloFin ETHFI-USDT	+0.0245%	4h	0.7185	+0.042%	$1.3M	$272K	75x	as long as short