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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against HTX−0.019%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on HTXShort on Bybit
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)+0.161%+$16 · spread now −0.019%, 7d avg +0.015%
Together, before fees+0.124%+$12 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: Bybit is 0.035% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,746.50.0100pay 0.0100% / 8h5h 18m$1.06B$1.18B200x
ShortBybit ETHUSDT2,745.90.0100get 0.0100% / 8h5h 18m$2.46B$4.17B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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: −0.019% → +0.015%
−$3.48
Slippage, 4 orders
−$0.07
Fee HTX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$26.55
Costs to cover
0.231%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago0.02 bp6.0 bp −$66.0 bp −$606.6 bp −$6649.6 bp −$4,818
Sell Bybit live order book, 5 min ago0.02 bp5.5 bp −$66.7 bp −$677.5 bp −$7489.3 bp −$4,649

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
Hotstuff ETH-PERP−0.0080%1h2,746.2−0.009%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.137%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747+0.019%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,746−0.018%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,745.7−0.029%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,747.1+0.023%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747.9+0.052%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,746.5+0.001%$182K$862K50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,747.3+0.030%$8.9M$30.7M100xas long as short
BingX ETH-USDC+0.0053%8h2,745.6−0.031%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,745.8−0.023%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.4−0.003%$382.1M$575.6M100xas long as short
Bullet ETH-USD+0.0074%1h2,746.6+0.005%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.7+0.009%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0088%8h2,746.3−0.006%$254.1M$841.0M200xas long as short
SoDEX ETH-USD+0.0096%1h2,746.1−0.013%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,746.7+0.008%$113.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,747.5+0.038%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.9−0.056%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,745.8−0.025%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,743.8−0.095%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.6+0.078%$58.0M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,745.9−0.021%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751+0.165%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.5−0.035%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.8−0.024%$13.9M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.6+0.078%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.6+0.005%$31.7M$334.5M50xas long as short
Bybit ETHUSDTshort+0.0100%8h2,745.9−0.019%$2.46B$4.17B150x
Ondo Perps ETH-USD.P+0.0100%1h2,746.3−0.006%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.6+0.007%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.151%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.3−0.005%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.2−0.009%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.1−0.015%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8−0.025%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2−0.009%$182.5M$673.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9−0.058%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.052%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.50.000%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.4+0.034%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,748+0.056%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.1−0.049%$963K$11.5M100xas long as short
HTX ETH-USDTlong+0.0100%8h2,746.5long leg$1.06B$1.18B200x
Phemex ETHUSDT+0.0100%8h2,746.4−0.003%$267.0M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.3−0.040%$30.6M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0129%1h2,745.2−0.047%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.1−0.013%$7.8M$670.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,748.3+0.068%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0198%1h2,748+0.055%$259.8M$196.3M50xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.5+0.039%$86.7M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.6−0.030%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,746.1−0.013%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0313%8h2,746−0.017%$285.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0583%1h2,746.8+0.012%$21K$20K25xas long as short