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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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
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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 02:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h +0.012%
Price spread now: Derive against HTX+0.061%7-day average +0.074% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HTXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.061%, 7d avg +0.074%
Together, before fees+0.140%+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,746.60.0066pay 0.0066% / 8h6h 11m$1.06B$1.20B200x
ShortDerive ETH-PERP2,748.20.0100get 0.0013% / 1h11m 49s$41.7M$29.5M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$7.19
Price spread: +0.061% → +0.074%
−$1.36
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Derive: 3 bp × 2 orders
−$6
Net
−$12.17
Costs to cover
0.180%
Break-even
18.8 days
Slippage unknown: HTX: live order book, 2 min ago; Derive: no order-book sample. 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 HTX live order book, 2 min ago0.02 bp6.0 bp −$66.4 bp −$647.7 bp −$77311.6 bp −$5,797
Sell Derive no order-book sample—————
Derive: 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 54 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%43m2,746.8+0.008%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.8+0.008%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.4+0.031%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747+0.014%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.070%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.049%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.025%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.6+0.037%$182K$1.1M50xas long as short
BingX ETH-USDC+0.0038%8h2,745.3−0.048%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0051%8h2,744.4−0.078%$1.69B$10.92B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0061%1h2,746.4−0.007%$8.8M$31.5M100xas long as short
HTX ETH-USDTlong+0.0066%8h2,746.6long leg$1.06B$1.20B200x
KuCoin ETHUSDTM+0.0067%8h2,746−0.020%$371.2M$609.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,746.3−0.010%$253.6M$858.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.1−0.054%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,745.9−0.024%$1.58B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,745.1−0.055%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.028%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.2−0.012%$3.39B$8.93B200xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,748.5+0.070%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,745.4−0.045%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.020%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.014%—$35.6M500xas long as short
Bitget ETHUSDT+0.0098%8h2,745.5−0.040%$2.08B$2.84B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.2+0.170%$16.3M$8.1M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.6+0.001%$182K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2−0.014%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.5−0.004%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.5+0.035%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6−0.036%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.7−0.067%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.8−0.028%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.8+0.043%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9−0.026%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.018%$133.1M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2−0.013%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.4+0.028%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.048%$21.3M$69.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.023%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.020%$21K$21K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,748.2+0.061%$41.7M$29.5M15x
SunX ETH-USDT+0.0100%8h2,746.8+0.009%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.3−0.010%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5−0.003%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.039%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,747.7+0.041%—$865K50xas long as short
Extended ETH-USD+0.0104%1h2,745.5−0.041%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.033%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,749.4+0.103%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,747.9+0.047%$258.6M$200.0M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5−0.003%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748.1+0.057%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.4−0.006%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.015%$88.6M$317.0M100xas long as short