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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.031%
Price spread now: SunX against Injective−1.851%7-day average · 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−1.157%−$116 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. SunX is 1.851% cheaper against Injective than usual: you would sell low and buy high (spread −1.851% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$185 on $10k: about 3 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −1.157%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETHFI/USDC PERP0.72400.0033pay 0.0004% / 1h6m 52s$321$51K5.5x
ShortSunX ETHFI-USDT0.71060.0100get 0.0050% / 4h2h 06m$1K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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
$14
Price spread: −1.851% → 0.000%
−$185.08
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
−$179.1
Costs to cover
0.080%
Break-even
96.6 days
Slippage unknown: Injective: no order-book sample; SunX: live order book, 6 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 Injective no order-book sample
Sell SunX live order book, 6 min ago494.97 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0875%1h0.7105−1.865%$42K$18K10xas long as short
HTX ETHFI-USDT−0.0270%4h0.7108−1.823%$82K$165K20xas long as short
Kraken Futures PF_ETHFIUSD−0.0215%1h0.7108−1.828%$279K$145K20xas long as short
Orderly PERP_ETHFI_USDC−0.0172%4h0.7101−1.920%$16K$1K10xas long as short
Injective ETHFI/USDC PERPlong+0.0033%1h0.7240long leg$321$51K5.5x
Paradex ETHFI-USD-PERP+0.0038%8h0.7110−1.802%$6K5xas long as short
Bitget ETHFIUSDT+0.0040%4h0.7093−2.030%$6.0M$5.6M75xas long as short
Binance ETHFIUSDT+0.0077%4h0.7088−2.099%$24.6M$37.1M75xas long as short
Extended ETHFI-USD+0.0080%1h0.7089−2.083%$92K$495K10xas long as short
MEXC ETHFI_USDT+0.0082%4h0.7092−2.044%$15.0M$3.9M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7106−1.855%$1.1M$909K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7101−1.920%$18.0M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7105−1.860%$181K$256K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7091−2.058%$18.1M$12.8M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7099−1.948%$4.9M$12.4M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7101−1.920%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7102−1.906%$1.2M$270K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7096−1.989%$25.9Mas long as short
Variational Omni ETHFI+0.0100%4h0.7143−1.335%$1.0M$729Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7115−1.729%$60K$85K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7106−1.851%$1K$1.1M20x
Aevo ETHFI-PERP+0.0104%1h0.7100−1.934%$8K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7165−1.036%$31K$9K50xas long as short
BloFin ETHFI-USDT+0.0308%4h0.7097−1.975%$1.3M$292K75xas long as short