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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.036%
Price spread now: SunX against Paradex+0.132%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.132% dearer against Paradex than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETHFI-USD-PERP0.70390.0070pay 0.0070% / 8h3h 21m$6K5x
ShortSunX ETHFI-USDT0.70480.0100get 0.0050% / 4h3h 21m$1K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Paradex. 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
$6.33
Price spread: +0.132% → 0.000%
$13.17
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SunX: 4 bp × 2 orders
−$8
Net
$7.5
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Paradex: 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 Paradex no order-book sample
Sell SunX live order book, 2 min ago495.09 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Paradex: 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−0.0317%1h0.7045+0.089%$40K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0304%1h0.7051+0.169%$260K$213K20xas long as short
Orderly PERP_ETHFI_USDC−0.0248%4h0.7041+0.032%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0167%4h0.7035−0.053%$17.5M$12.5M25xas long as short
HTX ETHFI-USDT−0.0160%4h0.7034−0.067%$82K$180K20xas long as short
Variational Omni ETHFI+0.0012%4h0.7038−0.015%$982K$703Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.859%$321$51K5.5xas long as short
Extended ETHFI-USD+0.0048%1h0.7041+0.031%$95K$374K10xas long as short
MEXC ETHFI_USDT+0.0048%4h0.7039+0.004%$15.9M$4.1M125xas long as short
Binance ETHFIUSDT+0.0048%4h0.7035−0.046%$24.4M$34.9M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERPlong+0.0070%8h0.7039long leg$6K5x
Lighter ETHFI+0.0096%1h0.7047+0.119%$1.1M$841K5xas long as short
Aevo ETHFI-PERP+0.0096%1h0.7037−0.030%$8K3xas long as short
Hyperliquid ETHFI+0.0100%1h0.7037−0.030%$17.5M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7044+0.079%$180K$229K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7038−0.010%$5.1M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7037−0.025%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7036−0.039%$1.2M$227K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7036−0.039%$6.0M$5.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7037−0.025%$8.8Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7049+0.146%$65K$125K5xas long as short
SunX ETHFI-USDTshort+0.0100%4h0.7048+0.132%$1K$1.1M20x
BloFin ETHFI-USDT+0.0192%4h0.7035−0.053%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7054+0.217%$31K$6K50xas long as short