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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Hyperliquid against SunX+0.242%7-day average +0.110% · 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+0.060%+$6 on $10k
Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.242%, 7d avg +0.110%
Together, before fees−0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.133% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETHFI-USDT0.72170.0100pay 0.0050% / 4h55m 47s$1K$1.1M20x
ShortHyperliquid ETHFI0.72350.0100get 0.0013% / 1h55m 47s$18.3M$8.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.242% → +0.110%
$13.26
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$3.74
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 7 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 SunX live order book, 7 min ago501.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.39 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−0.0442%1h0.7225+0.111%$42K$18K10xas long as short
HTX ETHFI-USDT−0.0316%4h0.7210−0.097%$84K$164K20xas long as short
Orderly PERP_ETHFI_USDC−0.0193%4h0.7223+0.083%$17K$1K10xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7219+0.028%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0029%4h0.7224+0.102%$25.0M$37.3M75xas long as short
Extended ETHFI-USD+0.0032%1h0.7222+0.064%$93K$493K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.319%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0041%8h0.7216−0.015%$6K5xas long as short
Aster ETHFIUSDT+0.0076%4h0.7225+0.111%$185K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7231+0.188%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7228+0.159%$1.1M$893K5xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.7235+0.242%$18.3M$8.9M5x
Bybit ETHFIUSDT+0.0100%4h0.7229+0.166%$18.4M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7229+0.166%$4.9M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7226+0.125%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7224+0.097%$1.2M$273K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7224+0.097%$6.2M$5.8M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7227+0.139%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7199−0.249%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7229+0.172%$60K$93K5xas long as short
SunX ETHFI-USDTlong+0.0100%4h0.7217long leg$1K$1.1M20x
BloFin ETHFI-USDT+0.0106%4h0.7219+0.028%$1.3M$293K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7228+0.152%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0548%1h0.7228+0.159%$279K$158K20xas long as short