data as of
Settings8H · net · $10k
Funding arb /

ETHFI

all ETHFI markets
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Funding spread now, next payment 14:00 UTC+0.0179%/8h
next payment, per $10,000+$0.22paid, last 24h+0.037%paid, last 4 days+0.121%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETHFI/USDC PERP0.74410.0033pay 0.0004% / 1h39m 54s$330$56K5.5x
ShortHyperliquid ETHFI0.75140.0212get 0.0027% / 1h39m 54s$21.0M$6.2M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$37.54
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$28.52
Break-even
1.7 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.976%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Hyperliquid live order book, 5 min ago0.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
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 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0416%1h$47K$15K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0405%1h$284K$224K20xas long as short
OKX ETHFI-USDT-SWAP−0.0225%4h$5.1M$12.0M20xas long as short
Paradex ETHFI-USD-PERP−0.0063%8h$6K5xas long as short
Orderly PERP_ETHFI_USDC−0.0047%4h$17K$4410xas long as short
Bybit ETHFIUSDT−0.0020%4h$19.6M$12.4M25xas long as short
Gate ETHFI_USDT−0.0010%4h$1.8M$1.6M75xas long as short
Injective ETHFI/USDC PERPlong+0.0033%1h$330$56K5.5x
KuCoin ETHFIUSDTM+0.0082%4h$1.2M$265K50xas long as short
Aster ETHFIUSDT+0.0100%4h$197K$218K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance ETHFIUSDT+0.0100%4h$27.0M$33.6M75xas long as short
MEXC ETHFI_USDT+0.0100%4h$16.0M$3.7M125xas long as short
Bitget ETHFIUSDT+0.0100%4h$6.6M$5.3M75xas long as short
BingX ETHFI-USDT+0.0100%4h$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h$1.1M$750Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h$52K$13K5xas long as short
SunX ETHFI-USDT+0.0100%4h$2K$943K20xas long as short
HTX ETHFI-USDT+0.0100%4h$79K$139K20xas long as short
Extended ETHFI-USD+0.0104%1h$102K$470K10xas long as short
Aevo ETHFI-PERP+0.0104%1h$9K3xas long as short
Lighter ETHFI+0.0152%1h$1.3M$404K5xas long as short
Coinbase International ETHFI-PERP-INTX+0.0184%1h$34K$92K50xas long as short
Hyperliquid ETHFIshort+0.0212%1h$21.0M$6.2M5x
BloFin ETHFI-USDT+0.0340%4h$1.5M$243K75xas long as short