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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 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.040%
Price spread now: dYdX against HTX+0.028%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Long on HTXShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.152%+$15 on $10k
Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.028%, 7d avg +0.035%
Together, before fees+0.195%+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.152%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,779.60.0096pay 0.0096% / 8h1h 40m$1.08B$1.31B200x
ShortdYdX ETH-USD2,780.40get 0.0000% / 1h40m 24s$12.7M$45.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$20.08
Price spread: +0.028% → +0.035%
−$0.67
Slippage, 4 orders
−$5.07
Fee HTX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$47.82
Costs to cover
0.271%
Break-even
never at this rate
Slippage from HTX: live order book, 4 min ago; dYdX: 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 −$607.6 bp −$75911.4 bp −$5,707
Sell dYdX live order book, 4 min ago0.90 bp9.1 bp −$915.6 bp −$15627.6 bp −$2,76349.6 bp −$24.8K

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%43m2,780.3+0.027%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.034%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.041%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.139%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8+0.044%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,778−0.056%$29K$22K20xas long as short
dYdX ETH-USDshort0.0000%1h2,780.4+0.028%$12.7M$45.5M50x
Phoenix ETH0.0000%1h2,774.2−0.193%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5−0.002%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.081%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,781.1+0.055%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.9+0.046%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.075%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,780.5+0.032%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,781+0.052%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.040%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.9−0.167%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,781.2+0.058%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,781+0.051%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,780.8+0.044%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,781+0.051%$3.30B$9.57B200xas long as short
HTX ETH-USDTlong+0.0096%8h2,779.6long leg$1.08B$1.31B200x
Lighter ETH+0.0096%1h2,780.5+0.035%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.8+0.081%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6+0.037%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,781.1+0.056%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.059%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.044%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.1+0.127%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.041%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780+0.015%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.092%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.063%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,780.6+0.036%$426.7M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.027%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.077%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.097%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.109%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.108%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.026%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.058%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.095%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3+0.063%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.127%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6−0.001%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8+0.044%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.9+0.014%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.091%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.088%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.080%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.100%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.142%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.082%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.003%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.040%$7.4M$1.1M25xas long as short