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+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.014%
Price spread now: SunX against Variational Omni+0.539%45s7-day average +0.010% · 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 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 3 days (all we have)−0.599%−$60 · spread now +0.539%, 7d avg +0.010%
Together, before fees−0.585%+ Points / potential airdropVariational Omni: Active · farm board−$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.529% dearer against Variational Omni than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETHFI0.7168−0.0048get 0.0024% / 4h3h 42m$1.0M$744K
ShortSunX ETHFI-USDT0.72070.0100get 0.0050% / 4h3h 42m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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
$31.04
Price spread: +0.539% → +0.010%
$52.9
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
$75.94
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SunX: 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 Variational Omni RFQ quote, 2 min ago4.18 bpdoesn't fit58.5 bp −$585doesn't fitdoesn't fit
Sell SunX live order book, 1 min ago500.45 bpdoesn't fitdoesn'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−0.0638%4h0.7164−0.061%$83K$165K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0305%1h0.7199+0.427%$41K$14K10xas long as short
Orderly PERP_ETHFI_USDC−0.0197%4h0.7198+0.413%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0177%4h0.7196+0.385%$18.2M$13.1M25xas long as short
Variational Omni ETHFIlong−0.0048%4h0.7168long leg$1.0M$744K
Paradex ETHFI-USD-PERP−0.0038%8h0.7195+0.365%$6K5xas long as short
MEXC ETHFI_USDT+0.0022%4h0.7195+0.371%$15.4M$3.8M125xas long as short
Extended ETHFI-USD+0.0024%1h0.7193+0.344%$102K$587K10xas long as short
Binance ETHFIUSDT+0.0025%4h0.7195+0.365%$25.1M$37.4M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.999%$321$51K5.5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7195+0.371%$9K3xas long as short
BloFin ETHFI-USDT+0.0088%4h0.7191+0.315%$1.3M$277K75xas long as short
Lighter ETHFI+0.0096%1h0.7206+0.519%$1.1M$894K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7204+0.493%$18.1M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7200+0.444%$184K$258K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7201+0.455%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7200+0.441%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7200+0.441%$1.2M$269K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7194+0.357%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7197+0.399%$26.1Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7199+0.426%$55K$99K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7207+0.539%$2K$1.1M20x
Coinbase International ETHFI-PERP-INTX+0.0168%1h0.7237+0.957%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0219%1h0.7202+0.469%$273K$165K20xas long as short