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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.004%
Price spread now: HTX against Aevo+0.089%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Long on AevoShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.089%, 7d avg +0.045%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and HTX is 0.044% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,733.20.0088pay 0.0011% / 1h51m 34s$4.9M$154K20x
ShortHTX ETH-USDT2,735.70.0100get 0.0100% / 8h4h 51m$1.06B$1.18B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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
$2.52
Price spread: +0.089% → +0.045%
$4.45
Slippage, 4 orders
−$16.97
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$38
Costs to cover
0.450%
Break-even
112.6 days
Slippage from Aevo: live order book, 3 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 3 min ago4.91 bp13.8 bp −$1432.4 bp −$32448.6 bp −$4,859doesn't fit
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$608.2 bp −$82012.6 bp −$6,278

ETH on 55 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
Perpl ETH−0.0447%43m2,735.2+0.071%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.259%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.3+0.113%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736+0.103%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,736.2+0.109%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3+0.113%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.292%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.1+0.106%$25.7M—200xas long as short
SoDEX ETH-USD+0.0045%1h2,735.2+0.073%$54.5M$187.6M40xas long as short
Bullet ETH-USD+0.0047%1h2,735.9+0.098%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,735+0.064%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,736+0.102%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,735.9+0.098%$380.9M$573.3M100xas long as short
Aster ETHUSDT+0.0083%8h2,736.2+0.108%$253.0M$840.4M200xas long as short
Aevo ETH-PERPlong+0.0088%1h2,733.2long leg$4.9M$154K20x
MEXC ETH_USDT+0.0091%8h2,735.8+0.096%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,736+0.102%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,735.6+0.086%$112.5M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.7+0.127%$24.4M$103.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.5+0.158%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,736.3+0.114%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.5+0.231%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.2+0.073%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.5+0.084%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.1+0.180%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.4+0.117%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,736.1+0.106%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,735.3+0.076%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,736+0.102%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.276%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.9+0.100%$3.38B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.1+0.106%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.3+0.076%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.283%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.174%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.211%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.173%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.223%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.9+0.135%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.2+0.146%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.5+0.156%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.4+0.043%$959K$11.4M100xas long as short
HTX ETH-USDTshort+0.0100%8h2,735.7+0.089%$1.06B$1.18B200x
Phemex ETHUSDT+0.0100%8h2,735.1+0.068%$265.8M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,734.8+0.057%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.158%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,739+0.214%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,737.3+0.150%$7.7M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,736.7+0.129%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,738.1+0.177%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4+0.190%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.9+0.100%$85.9M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.3+0.075%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.6+0.233%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1676%1h2,736.3+0.111%$21K$20K25xas long as short