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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%
Price spread now: Coinbase International against HTX+0.072%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on HTXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.072%, 7d avg +0.048%
Together, before fees+0.049%+$5 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: Coinbase International is 0.024% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,778.60.0100pay 0.0100% / 8h2h 17m$1.08B$1.32B200x
ShortCoinbase International ETH-PERP-INTX2,780.60.0104get 0.0013% / 1h17m 17s$60.1M$4.64B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$0.84
Price spread: +0.072% → +0.048%
$2.39
Slippage, 4 orders
−$0.07
Fee HTX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.84
Costs to cover
0.221%
Break-even
164.0 days
Slippage from HTX: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago0.02 bp6.0 bp −$66.0 bp −$608.1 bp −$81012.0 bp −$6,010
Sell Coinbase International live order book, 2 min ago0.02 bp5.0 bp −$55.5 bp −$558.9 bp −$88523.3 bp −$11.6K

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%43m2,777.7−0.033%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.073%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7+0.002%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,778.3−0.012%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2−0.016%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3−0.013%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,776.1−0.092%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.9−0.027%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.7+0.039%$22.5M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,779.2+0.020%$267.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,778.5−0.006%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,779.6+0.036%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,778.9+0.008%$257.0M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7−0.035%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,777.7−0.033%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,779.4+0.028%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,779.5+0.032%$6.45B$17.22B150xas long as short
Gate ETH_USDT+0.0074%8h2,779+0.014%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0075%8h2,779.1+0.017%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,779+0.013%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8−0.068%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,779.5+0.031%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.1+0.089%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.039%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1−0.018%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1−0.019%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.8−0.067%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.9+0.081%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5−0.005%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.7+0.003%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.059%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.052%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1−0.020%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.1+0.017%$423.3M$741.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,778.9+0.009%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.081%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9−0.097%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.107%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8−0.066%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,778.5−0.005%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.6+0.035%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.5+0.030%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.4+0.101%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,778.3−0.011%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.1+0.017%$55.3M$228.6M40xas long as short
HTX ETH-USDTlong+0.0100%8h2,778.6long leg$1.08B$1.32B200x
Extended ETH-USD+0.0104%1h2,778.7+0.001%$31.4M$75.7M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,780.6+0.072%$60.1M$4.64B50x
Deribit ETH-PERPETUAL+0.0106%1h2,780.8+0.078%$258.5M$225.1M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.6−0.001%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0134%8h2,782+0.122%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.010%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,778.1−0.019%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,780.5+0.067%$86.9M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,778.4−0.009%$283K$1.5M20xas long as short