Spread before costs (cost unknown: a leg has no order-book sample)+0.183%
7d average—if it closes, per $10,000$18funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.7427 | 0.0100 | pay 0.0013% / 1h | 8m 26s | $20.3M | $6.8M | 5x |
| Short | Injective ETHFI/USDC PERP | 0.7441 | 0.0033 | get 0.0004% / 1h | 8m 26s | $330 | $56K | 5.5x |
Hyperliquid ETHFI
Injective ETHFI/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $18.31
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $7.29
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 6 min ago | 1.90 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.7382cheapestHTX0.7387+0.069%Coinbase International0.7394+0.164%SunX0.7399+0.231%Orderly0.7408+0.353%Deribit0.7412+0.408%Aevo0.7415+0.448%Bitget0.7416+0.462%Paradex0.7416+0.464%Extended0.7417+0.472%OKX0.7417+0.475%Gate0.7417+0.475%KuCoin0.7417+0.475%BloFin0.7417+0.475%MEXC0.7419+0.502%BingX0.7419+0.502%Binance0.7420+0.511%Aster0.7420+0.513%Kraken Futures0.7420+0.515%Bybit0.7426+0.597%Lighter0.7427+0.611%
Variational Omni
HTX
Coinbase International
SunX
Orderly
Deribit
Aevo
Bitget
Paradex
Extended
OKX
Gate
KuCoin
BloFin
MEXC
BingX
Binance
Aster
Kraken Futures
Bybit
LighterHyperliquid0.7427+0.616%
Polymarket Perps0.7439+0.771%
Polymarket PerpsInjective0.7441+0.800%
ETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ETHFI | −0.612% | +0.0100% | 4h | $1.1M | $811K | — | as long as short |
| HTX ETHFI-USDT | −0.544% | −0.0055% | 4h | $78K | $141K | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | −0.450% | +0.0208% | 1h | $33K | $90K | 50x | as long as short |
| SunX ETHFI-USDT | −0.382% | +0.0100% | 4h | $2K | $992K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.261% | −0.0072% | 4h | $17K | $66 | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.207% | −0.0424% | 1h | $47K | $18K | 10x | as long as short |
| Aevo ETHFI-PERP | −0.167% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Bitget ETHFIUSDT | −0.153% | +0.0100% | 4h | $6.6M | $5.5M | 75x | as long as short |
| Paradex ETHFI-USD-PERP | −0.152% | −0.0028% | 8h | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | −0.143% | +0.0104% | 1h | $100K | $477K | 10x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | −0.140% | −0.0217% | 4h | $5.0M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | −0.140% | +0.0094% | 4h | $1.8M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | −0.140% | +0.0100% | 4h | $1.2M | $298K | 50x | as long as short |
| BloFin ETHFI-USDT | −0.140% | +0.0340% | 4h | $1.4M | $274K | 75x | as long as short |
| MEXC ETHFI_USDT | −0.113% | +0.0100% | 4h | $15.7M | $3.8M | 125x | as long as short |
| BingX ETHFI-USDC | −0.113% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Binance ETHFIUSDT | −0.104% | +0.0100% | 4h | $26.4M | $35.5M | 75x | as long as short |
| Aster ETHFIUSDT | −0.103% | +0.0100% | 4h | $195K | $234K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.101% | −0.0508% | 1h | $286K | $216K | 20x | as long as short |
| Bybit ETHFIUSDT | −0.019% | +0.0100% | 4h | $19.5M | $12.6M | 25x | as long as short |
| Lighter ETHFI | −0.005% | +0.0096% | 1h | $1.3M | $538K | 5x | as long as short |
| Hyperliquid ETHFIlong | 0.000% | +0.0100% | 1h | $20.3M | $6.8M | 5x | |
| Polymarket Perps ETHFI-USD | +0.153% | +0.0100% | 1h | $57K | $31K | 5x | as long as short |
| Injective ETHFI/USDC PERPshort | +0.183% | +0.0033% | 1h | $330 | $56K | 5.5x |