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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%
Price spread now: Arcus against HTX+0.121%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on HTXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.025%+$2 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.121%, 7d avg +0.050%
Together, before fees+0.156%+$16 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: Arcus is 0.070% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,740.90.0096pay 0.0096% / 8h5h 45m$1.06B$1.18B200x
ShortArcus ETH-USD2,744.20.0100get 0.0013% / 1h45m 38s$2.7M$16.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.86
Price spread: +0.121% → +0.050%
$7.05
Slippage, 4 orders
−$1.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$10.51
Costs to cover
0.184%
Break-even
92.5 days
Slippage from HTX: live order book, 4 min ago; Arcus: live order book, 4 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 HTX live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$606.8 bp −$6779.7 bp −$4,836
Sell Arcus live order book, 4 min ago0.62 bp3.2 bp −$33.4 bp −$344.4 bp −$436doesn't fit

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−0.0112%43m2,740−0.031%$304K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.9−0.072%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.140%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.4+0.020%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.8+0.071%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.7+0.029%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,741.9+0.038%$845K$2.9M25xas long as short
BingX ETH-USDC+0.0047%8h2,742.7+0.067%—$18.5M—as long as short
01 Exchange ETHUSD+0.0048%1h2,740.9+0.001%$182K$916K50xas long as short
OKX ETH-USDT-SWAP+0.0061%8h2,742.8+0.070%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,741.8+0.036%$376.6M$597.6M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.2+0.121%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,741.8+0.034%$251.9M$841.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,738.7−0.080%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0087%8h2,742.6+0.062%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0088%8h2,742.4+0.056%$6.38B$15.72B150xas long as short
Bullet ETH-USD+0.0095%1h2,741+0.004%$181K$1.7M20xas long as short
HTX ETH-USDTlong+0.0096%8h2,740.9long leg$1.06B$1.18B200x
Lighter ETH+0.0096%1h2,742.4+0.057%$112.8M$431.7M50xas long as short
Lighter RH ETH+0.0096%1h2,743.2+0.086%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.1−0.100%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.8+0.034%$59.0M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.7+0.213%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.089%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.90.000%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,743+0.078%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,742.9+0.074%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743+0.077%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.3+0.016%$2.7M$16.7M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,744.2+0.121%$2.7M$16.0M25x
Bulk ETH-USD+0.0100%1h2,743.5+0.097%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.8+0.107%$3.40B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.3+0.088%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.7−0.004%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.017%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.1+0.010%$181.5M$691.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6+0.246%$159.8M$81.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9+0.002%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,739.8−0.039%$21.2M$69.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.4+0.020%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.5+0.023%$10.7M$8.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.2+0.011%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,743.1+0.082%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.7−0.005%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.9+0.001%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8−0.001%$266.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.9+0.075%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.1+0.082%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,742.1+0.045%$258.8M$195.6M50xas long as short
Kalshi KXETHPERP+0.0151%8h2,741.1+0.009%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,743.9+0.110%$32.3M$11.0M100xas long as short
BloFin ETH-USDT+0.0207%8h2,737.8−0.111%—$176.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.4+0.018%$87.3M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,740.7−0.008%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.90.000%$249K$1.4M20xas long as short