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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%
Price spread now: SunX against Lighter−0.046%7-day average −0.107% · 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−0.078%−$8 on $10k
Price spread, last 4 days (all we have)−0.288%−$29 · spread now −0.046%, 7d avg −0.107%
Together, before fees−0.367%+ Points / potential airdropLighter: Season 3 · farm board−$37 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: SunX is 0.061% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.107%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.71040.0096pay 0.0012% / 1h8m 14s$1.1M$888K5x
ShortSunX ETHFI-USDT0.71010.0100get 0.0050% / 4h1h 08m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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: −0.046% → −0.107%
$6.1
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$1.06
Costs to cover
0.080%
Break-even
15.8 days
Slippage unknown: Lighter: live order book, 3 min ago; SunX: live order book, 5 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 Lighter live order book, 3 min ago7.15 bp17.4 bp −$17101.1 bp −$1,011doesn't fitdoesn't fit
Sell SunX live order book, 5 min ago499.40 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−0.0454%1h0.7096−0.117%$40K$12K10xas long as short
Orderly PERP_ETHFI_USDC−0.0207%4h0.7093−0.159%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0066%4h0.7099−0.075%$87K$168K20xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.910%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0077%8h0.7097−0.106%$6K5xas long as short
Lighter ETHFIlong+0.0096%1h0.7104long leg$1.1M$888K5x
Hyperliquid ETHFI+0.0100%1h0.7101−0.051%$17.7M$8.0M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7099−0.075%$181K$256K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7091−0.185%$24.7M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7094−0.145%$17.7M$12.6M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETHFI-USDT-SWAP+0.0100%4h0.7097−0.103%$5.0M$12.2M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7097−0.103%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7095−0.131%$15.4M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7101−0.046%$1.2M$252K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7092−0.173%$6.1M$5.3M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7094−0.145%$26.0Mas long as short
Variational Omni ETHFI+0.0100%4h0.7112+0.110%$1.0M$716Kas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7101−0.046%$2K$1.1M20x
Extended ETHFI-USD+0.0104%1h0.7091−0.190%$97K$379K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7003−1.422%$8K3xas long as short
Kraken Futures PF_ETHFIUSD+0.0307%1h0.7098−0.083%$264K$212K20xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7101−0.046%$1.2M$248K75xas long as short
Polymarket Perps ETHFI-USD+0.0404%1h0.7113+0.121%$71K$118K5xas long as short
Coinbase International ETHFI-PERP-INTX+0.0512%1h0.7169+0.911%$31K$6K50xas long as short