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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 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against Binance−0.098%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on BinanceShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.098%, 7d avg −0.015%
Together, before fees+0.103%+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.083% cheaper against Binance than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.015%). If the spread goes back, that is −$8 on $10k: about 11 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,768.90.0058pay 0.0058% / 8h7h 16m$6.48B$16.25B150x
ShortHTX ETH-USDT2,766.20.0084get 0.0084% / 8h7h 16m$1.07B$1.24B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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
$5.54
Price spread: −0.098% → −0.015%
−$8.31
Slippage, 4 orders
−$0.29
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$25.06
Costs to cover
0.223%
Break-even
38.7 days
Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago0.02 bp5.2 bp −$55.8 bp −$586.4 bp −$6428.1 bp −$4,058
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$607.4 bp −$74211.5 bp −$5,746

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
Injective ETH/USDC PERP−0.0752%1h2,765.8−0.113%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769+0.003%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.3−0.060%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.1−0.066%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.1+0.006%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.111%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.035%$12.3M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2−0.063%$22.3M—200xas long as short
Bullet ETH-USD+0.0018%1h2,766−0.106%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,769.1+0.006%$1.70B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0030%1h2,767−0.070%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,766.6−0.083%$12.7M—200xas long as short
Aster ETHUSDT+0.0045%8h2,768.6−0.012%$256.4M$885.6M200xas long as short
Aevo ETH-PERP+0.0056%1h2,765.3−0.131%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0057%8h2,769.4+0.017%$1.61B$2.66B500xas long as short
Binance ETHUSDTlong+0.0058%8h2,768.9long leg$6.48B$16.25B150x
Gate ETH_USDT+0.0061%8h2,769.6+0.025%$3.38B$9.07B200xas long as short
Bitget ETHUSDT+0.0076%8h2,769.1+0.007%$2.10B$2.87B150xas long as short
Aftermath Perps ETHUSD+0.0078%1h2,769.6+0.025%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,768.7−0.009%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0081%1h2,767.8−0.041%—$876K50xas long as short
Phemex ETHUSDT+0.0082%8h2,767.2−0.063%$269.3M$67.3M150xas long as short
HTX ETH-USDTshort+0.0084%8h2,766.2−0.098%$1.07B$1.24B200x
KuCoin ETHUSDTM+0.0086%8h2,769.7+0.028%$420.7M$604.4M100xas long as short
Lighter ETH+0.0096%1h2,769.9+0.033%$115.0M$459.1M50xas long as short
Lighter RH ETH+0.0096%1h2,770.9+0.073%$25.6M$111.8M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2−0.027%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.9+0.144%$15.9M$8.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769+0.003%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.7−0.009%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.7+0.101%$3.16B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,769.9+0.034%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.6+0.024%$2.51B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.2−0.026%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.6+0.025%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.195%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,768.8−0.003%—$1.20B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.8−0.043%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.014%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1−0.030%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8−0.006%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.5−0.052%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6−0.048%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.4−0.054%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.5−0.014%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767−0.071%$971K$13.0M100xas long as short
Extended ETH-USD+0.0104%1h2,768.4−0.019%$30.9M$75.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,767.5−0.053%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.6−0.012%$8.1M$677.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,768.5−0.015%$97.8M$320.5M100xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,769.2+0.009%$32.6M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,768.6−0.010%$259.1M$203.2M50xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,766.5−0.087%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,767.2−0.063%$287.6M$178.6M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,766.8−0.076%$7.3M$1.1M25xas long as short