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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%
Price spread now: Binance against Hyperliquid−0.159%7-day average −0.146% · 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−0.080%−$8 on $10k
Price spread, last 7 days+0.109%+$11 · spread now −0.159%, 7d avg −0.146%
Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.70390.0100pay 0.0013% / 1h49m 55s$17.5M$7.9M5x
ShortBinance ETHFIUSDT0.70280.0100get 0.0050% / 4h49m 55s$24.5M$35.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.159% → −0.146%
−$1.26
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$20.26
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Binance: live order book, 7 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 Hyperliquid live order book, 3 min ago0.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.71 bp14.3 bp −$1440.4 bp −$404160.4 bp −$16.0Kdoesn'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
Deribit ETHFI_USDC-PERPETUAL−0.0460%1h0.7036−0.045%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0209%4h0.7032−0.102%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0116%4h0.7031−0.116%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.853%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7041+0.019%$263K$213K20xas long as short
Paradex ETHFI-USD-PERP+0.0067%8h0.7037−0.033%$6K5xas long as short
Lighter ETHFI+0.0096%1h0.7042+0.038%$1.1M$878K5xas long as short
Hyperliquid ETHFIlong+0.0100%1h0.7039long leg$17.5M$7.9M5x
Aster ETHFIUSDT+0.0100%4h0.7042+0.045%$180K$258K10xas long as short
Binance ETHFIUSDTshort+0.0100%4h0.7028−0.159%$24.5M$35.5M75x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7033−0.088%$17.6M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7038−0.017%$4.9M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7034−0.074%$1.7M$1.9M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7028−0.159%$15.7M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7029−0.145%$1.2M$242K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7029−0.145%$6.0M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7033−0.088%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7039+0.001%$1.0M$699Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7052+0.178%$70K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7040+0.011%$1K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7026−0.183%$96K$378K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7030−0.131%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7039−0.003%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7074+0.494%$31K$6K50xas long as short