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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%
Price spread now: Lighter against SunX+0.012%7-day average +0.103% · 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+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.012%, 7d avg +0.103%
Together, before fees+0.199%+ Points / potential airdropLighter: Season 3 · farm board+$20 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 0.091% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.103%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.69410.0100pay 0.0050% / 4h1h 02m$2K$1.1M20x
ShortLighter ETHFI0.69420.0096get 0.0012% / 1h2m 38s$1.1M$832K5x

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: +0.012% → +0.103%
−$9.1
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$17.94
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Lighter: live order book, 3 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, 10 min ago500.57 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago8.83 bp27.4 bp −$27100.2 bp −$1,002doesn'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
Deribit ETHFI_USDC-PERPETUAL−0.0469%1h0.6945+0.058%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0417%4h0.6936−0.072%$82K$174K20xas long as short
Orderly PERP_ETHFI_USDC−0.0281%4h0.69410.000%$16K$1K10xas long as short
Variational Omni ETHFI−0.0128%4h0.6968+0.393%$917K$785Kas long as short
Extended ETHFI-USD−0.0016%1h0.6932−0.130%$95K$505K10xas long as short
Binance ETHFIUSDT−0.0014%4h0.6934−0.101%$24.1M$36.4M75xas long as short
MEXC ETHFI_USDT−0.0014%4h0.6937−0.058%$15.8M$4.2M125xas long as short
Paradex ETHFI-USD-PERP−0.0011%8h0.6932−0.126%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.308%$321$51K5.5xas long as short
Bybit ETHFIUSDT+0.0056%4h0.6937−0.058%$17.2M$13.1M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0080%1h0.6945+0.058%$8K3xas long as short
Lighter ETHFIshort+0.0096%1h0.6942+0.012%$1.1M$832K5x
Hyperliquid ETHFI+0.0100%1h0.6941−0.003%$16.7M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6946+0.068%$177K$263K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6938−0.043%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6945+0.058%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6948+0.101%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6937−0.058%$6.0M$4.9M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6938−0.043%$10.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6949+0.117%$52K$149K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.6941long leg$2K$1.1M20x
BloFin ETHFI-USDT+0.0226%4h0.6942+0.014%$1.2M$239K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.6978+0.533%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1691%1h0.6959+0.256%$290K$295K20xas long as short