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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0287%/8h= +31.4% APRnext payment +$1.43 per $10,000 · paid last 24h +0.053%
Price spread now: SunX against Orderly+0.167%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 +$9 a day on $10k at the current rate, and SunX is 0.167% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ETHFI_USDC0.7184−0.0187get 0.0093% / 4h21m 00s$16K$1K10x
ShortSunX ETHFI-USDT0.71960.0100get 0.0050% / 4h21m 00s$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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
$60.26
Price spread: +0.167% → 0.000%
$16.7
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
$62.96
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 2 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 Orderly no order-book sample
Sell SunX live order book, 2 min ago500.63 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Orderly: 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
HTX ETHFI-USDT−0.0375%4h0.7175−0.125%$83K$165K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0306%1h0.7187+0.042%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDClong−0.0187%4h0.7184long leg$16K$1K10x
Paradex ETHFI-USD-PERP−0.0009%8h0.7195+0.146%$6K5xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7189+0.070%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0030%4h0.7190+0.084%$25.1M$37.3M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7187+0.036%$93K$492K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.780%$321$51K5.5xas long as short
Aster ETHFIUSDT+0.0083%4h0.7189+0.076%$184K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7185+0.014%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7199+0.205%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7198+0.196%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7191+0.097%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7192+0.111%$5.0M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7192+0.111%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7195+0.153%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7187+0.042%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7191+0.097%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7190+0.084%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7194+0.139%$60K$94K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7196+0.167%$2K$1.1M20x
BloFin ETHFI-USDT+0.0120%4h0.7182−0.028%$1.3M$286K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.738%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7196+0.170%$277K$162K20xas long as short