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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0126%/8h= −13.8% APRnext payment $0.63 per $10,000 · paid last 24h −0.059%
Price spread now: SunX against BloFin−0.202%55s7-day average +0.056% · 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−0.454%−$45 on $10k
Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.202%, 7d avg +0.056%
Together, before fees−0.228%−$23 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 SunX is 0.258% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.056%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETHFI-USDT0.69420.0226pay 0.0113% / 4h1h 01m$1.2M$239K75x
ShortSunX ETHFI-USDT0.69280.0100get 0.0050% / 4h1h 01m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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
−$26.45
Price spread: −0.202% → +0.056%
−$25.75
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$72.2
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago0.72 bp14.4 bp −$1426.0 bp −$26091.2 bp −$9,125doesn't fit
Sell SunX live order book, 1 min ago501.26 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
Deribit ETHFI_USDC-PERPETUAL−0.0614%1h0.6939−0.043%$41K$11K10xas long as short
HTX ETHFI-USDT−0.0414%4h0.6935−0.101%$82K$174K20xas long as short
Orderly PERP_ETHFI_USDC−0.0281%4h0.6936−0.086%$16K$1K10xas long as short
Variational Omni ETHFI−0.0128%4h0.6968+0.379%$917K$785Kas long as short
Extended ETHFI-USD−0.0016%1h0.6928−0.202%$95K$505K10xas long as short
MEXC ETHFI_USDT−0.0014%4h0.6931−0.158%$15.7M$4.2M125xas long as short
Binance ETHFIUSDT−0.0013%4h0.6929−0.187%$24.1M$36.4M75xas long as short
Paradex ETHFI-USD-PERP−0.0011%8h0.6932−0.141%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.293%$321$51K5.5xas long as short
Bybit ETHFIUSDT+0.0062%4h0.6933−0.130%$17.1M$13.1M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0080%1h0.6935−0.101%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6937−0.069%$1.1M$832K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6936−0.092%$16.6M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6940−0.031%$177K$263K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6935−0.101%$5.1M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6938−0.058%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6938−0.058%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6929−0.187%$6.0M$4.9M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6933−0.130%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6943+0.010%$52K$149K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.6928−0.202%$2K$1.1M20x
BloFin ETHFI-USDTlong+0.0226%4h0.6942long leg$1.2M$239K75x
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.6978+0.519%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1692%1h0.6954+0.174%$290K$295K20xas long as short