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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against OKX+0.031%7-day average +0.097% · 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 7 days+0.091%+$9 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.031%, 7d avg +0.097%
Together, before fees+0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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: Hyperliquid is 0.066% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETHFI-USDT-SWAP0.69900.0100pay 0.0050% / 4h3h 15m$5.1M$12.5M20x
ShortHyperliquid ETHFI0.69920.0100get 0.0013% / 1h15m 23s$16.7M$8.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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
Price spread: +0.031% → +0.097%
−$6.59
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$25.59
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Hyperliquid: live order book, 7 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 OKX live order book, 3 min ago0.71 bp14.7 bp −$1545.5 bp −$455doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.64 bp10.0 bp −$10doesn'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−0.0464%1h0.6998+0.114%$41K$12K10xas long as short
HTX ETHFI-USDT−0.0330%4h0.6985−0.072%$83K$144K20xas long as short
Orderly PERP_ETHFI_USDC−0.0277%4h0.6986−0.057%$16K$1K10xas long as short
Variational Omni ETHFI−0.0209%4h0.6996+0.086%$933K$786Kas long as short
Paradex ETHFI-USD-PERP−0.0058%8h0.6992+0.029%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.577%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0054%4h0.6991+0.014%$15.8M$4.3M125xas long as short
Aster ETHFIUSDT+0.0055%4h0.6992+0.026%$179K$228K10xas long as short
Extended ETHFI-USD+0.0056%1h0.6988−0.035%$95K$501K10xas long as short
Binance ETHFIUSDT+0.0060%4h0.6985−0.069%$24.5M$35.4M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7004+0.205%$1.1M$836K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.6988−0.036%$8K3xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.6992+0.031%$16.7M$8.7M5x
Bybit ETHFIUSDT+0.0100%4h0.69900.000%$17.1M$12.8M25xas long as short
OKX ETHFI-USDT-SWAPlong+0.0100%4h0.6990long leg$5.1M$12.5M20x
Gate ETHFI_USDT+0.0100%4h0.6996+0.086%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6999+0.129%$1.2M$209K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6985−0.072%$6.1M$4.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.69900.000%$10.6Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6996+0.086%$53K$148K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7004+0.200%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0219%4h0.6992+0.029%$1.2M$233K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0336%1h0.7020+0.429%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0862%1h0.7011+0.297%$298K$294K20xas long as short