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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0709%/8h= +77.6% APRpaid last 24h +0.153%
Price spread now: SunX against Deribit+0.143%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and SunX is 0.143% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETHFI_USDC-PERPETUAL0.6982−0.0609get 0.0076% / 1h57m 05s$42K$13K10x
ShortSunX ETHFI-USDT0.69920.0100get 0.0050% / 4h1h 57m$2K$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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
$148.81
Price spread: +0.143% → 0.000%
$14.32
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
$148.13
Costs to cover
0.150%
Break-even
0.0 days
Slippage unknown: Deribit: no order-book sample; SunX: live order book, 9 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 Deribit no order-book sample
Sell SunX live order book, 9 min ago499.25 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Deribit: 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 exchanges

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-PERPETUALlong−0.0609%1h0.6982long leg$42K$13K10x
Orderly PERP_ETHFI_USDC−0.0309%4h0.6980−0.029%$16K$1K10xas long as short
Variational Omni ETHFI−0.0148%4h0.6993+0.163%$932K$713Kas long as short
HTX ETHFI-USDT−0.0038%4h0.6983+0.014%$84K$133K20xas long as short
Paradex ETHFI-USD-PERP+0.0026%8h0.6983+0.021%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.695%$321$51K5.5xas long as short
Extended ETHFI-USD+0.0040%1h0.6974−0.113%$111K$499K10xas long as short
MEXC ETHFI_USDT+0.0040%4h0.6981−0.014%$15.7M$4.0M125xas long as short
Binance ETHFIUSDT+0.0040%4h0.6976−0.082%$24.5M$32.1M75xas long as short
Bybit ETHFIUSDT+0.0086%4h0.6979−0.043%$17.2M$11.8M25xas long as short
Show all 24 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.6980−0.029%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6993+0.150%$1.1M$726K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6988+0.089%$16.8M$8.0M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6989+0.096%$179K$162K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6985+0.043%$5.1M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6983+0.014%$1.7M$1.7M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6994+0.172%$1.2M$180K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6986+0.057%$6.3M$3.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6980−0.029%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6991+0.129%$53K$148K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.6992+0.143%$2K$1.0M20x
BloFin ETHFI-USDT+0.0161%4h0.6984+0.029%$1.2M$234K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0320%1h0.7040+0.831%$32K$5K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0573%1h0.6995+0.185%$301K$296K20xas long as short