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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h −0.028%
Price spread now: HTX against Bluefin−0.007%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,769.50.0100pay 0.0013% / 1h30m 12s$21K$25K25x
ShortHTX ETH-USDT2,769.30.0093get 0.0093% / 8h1h 30m$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bluefin. 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
−$1.42
Price spread: −0.007% → 0.000%
−$0.72
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.14
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; HTX: live order book, 4 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 Bluefin no order-book sample
Sell HTX live order book, 4 min ago0.02 bp6.0 bp −$67.3 bp −$738.9 bp −$88912.5 bp −$6,268
Bluefin: 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.

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%43m2,768−0.054%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,767.9−0.057%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1−0.051%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3+0.029%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,768.8−0.026%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0020%1h2,774.6+0.185%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,768.9−0.021%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,778.1+0.310%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.2+0.023%$22.4M200xas long as short
BingX ETH-USDT+0.0016%8h2,769.50.000%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,768.9−0.023%$1.70B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770+0.018%$12.9M200xas long as short
Phemex ETHUSDT+0.0028%8h2,770.1+0.020%$269.4M$68.8M150xas long as short
Aster ETHUSDT+0.0032%8h2,769.6+0.005%$255.7M$990.7M200xas long as short
Bullet ETH-USD+0.0036%1h2,769−0.018%$180K$1.7M20xas long as short
Binance ETHUSDT+0.0059%8h2,769.6+0.003%$6.43B$17.16B150xas long as short
MEXC ETH_USDT+0.0060%8h2,769.1−0.016%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0064%1h2,767.9−0.058%$5.0M$636K20xas long as short
Nado ETH-PERP+0.0065%1h2,767.8−0.062%$14.3M$118.0M50xas long as short
Gate ETH_USDT+0.0072%8h2,769.3−0.008%$3.28B$9.60B200xas long as short
Bitget ETHUSDT+0.0072%8h2,769.50.000%$2.10B$3.11B150xas long as short
SoDEX ETH-USD+0.0072%1h2,769.4−0.004%$55.1M$228.8M40xas long as short
Deribit ETH-PERPETUAL+0.0075%1h2,771.1+0.057%$258.3M$222.2M50xas long as short
Bybit ETHUSDT+0.0092%8h2,769.3−0.008%$2.51B$4.61B150xas long as short
HTX ETH-USDTshort+0.0093%8h2,769.3−0.007%$1.08B$1.32B200x
Lighter ETH+0.0096%1h2,770.3+0.027%$114.8M$499.7M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.071%$25.4M$121.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,767.8−0.061%$41.6M500xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,777.8+0.298%$8.7M$32.5M100xas long as short
KuCoin ETHUSDTM+0.0098%8h2,769.2−0.011%$423.9M$738.3M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.3−0.078%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6−0.033%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,771+0.054%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,767.9−0.058%$31.3M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.098%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.8+0.010%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.075%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770+0.016%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.002%$135.0M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,777.1+0.272%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.271%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.061%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.2−0.011%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.1+0.021%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,769.5long leg$21K$25K25x
Derive ETH-PERP+0.0100%1h2,771.7+0.081%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.4−0.040%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,768.9−0.024%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.2+0.060%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0119%8h2,769−0.018%$8.6M$676.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,772+0.089%$32.5M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,771.7+0.081%$278K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,770.8+0.046%$86.0M$331.6M100xas long as short
BloFin ETH-USDT+0.0180%8h2,768.3−0.045%$283.9M$193.9M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,768.6−0.031%$7.3M$1.2M25xas long as short