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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.001%
Price spread now: Extended against SunX−0.224%7-day average −0.100% · 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−0.017%−$2 on $10k
Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.224%, 7d avg −0.100%
Together, before fees+0.177%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.125% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.71650.0100pay 0.0050% / 4h1h 28m$2K$1.1M20x
ShortExtended ETHFI-USD0.71490.0040get 0.0005% / 1h28m 07s$92K$493K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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
−$12.6
Price spread: −0.224% → −0.100%
−$12.48
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$38.08
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 5 min ago; Extended: live order book, 55 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 SunX live order book, 5 min ago500.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 55 min ago1.89 bp17.7 bp −$18181.6 bp −$1,816doesn'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−0.0449%1h0.7149−0.223%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0253%1h0.7159−0.080%$281K$147K20xas long as short
HTX ETHFI-USDT−0.0248%4h0.7154−0.154%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0183%4h0.7147−0.251%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.047%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0036%8h0.7161−0.060%$6K5xas long as short
Extended ETHFI-USDshort+0.0040%1h0.7149−0.224%$92K$493K10x
MEXC ETHFI_USDT+0.0042%4h0.7146−0.265%$15.1M$3.8M125xas long as short
Binance ETHFIUSDT+0.0042%4h0.7141−0.330%$24.8M$37.1M75xas long as short
Bitget ETHFIUSDT+0.0084%4h0.7150−0.209%$6.1M$5.7M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7145−0.279%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7151−0.191%$1.1M$898K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7155−0.144%$18.1M$8.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7154−0.154%$183K$258K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7145−0.279%$18.1M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7143−0.307%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7151−0.195%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7150−0.209%$1.2M$272K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7147−0.251%$25.9Mas long as short
Variational Omni ETHFI+0.0100%4h0.7141−0.333%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7163−0.024%$59K$93K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7165long leg$2K$1.1M20x
BloFin ETHFI-USDT+0.0168%4h0.7150−0.209%$1.3M$292K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7168+0.042%$31K$7K50xas long as short