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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Katana Perps against HTX−0.010%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.010%, 7d avg +0.018%
Together, before fees+0.102%+$10 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: Katana Perps is 0.028% 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 +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,781.10.0096pay 0.0096% / 8h1h 40m$1.08B$1.31B200x
ShortKatana Perps ETH-USD2,780.80.0100get 0.0100% / 8h1h 40m$483K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$0.73
Price spread: −0.010% → +0.018%
−$2.81
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$17.89
Costs to cover
0.158%
Break-even
179.1 days
Slippage unknown: HTX: live order book, 4 min ago; Katana Perps: 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, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.6 bp −$75911.4 bp −$5,707
Sell Katana Perps no order-book sample
Katana Perps: 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 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%1h2,780.5−0.020%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7−0.014%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.193%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8−0.010%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,778−0.110%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4−0.026%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.247%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0004%8h2,780.4−0.026%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.027%$22.5M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,780.7−0.015%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,779.2−0.068%$1.71B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.021%$13.2M200xas long as short
Aster ETHUSDT+0.0038%8h2,781.7+0.022%$257.1M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,781−0.002%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7−0.015%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.9−0.221%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,779.5−0.058%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.1−0.037%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,779.2−0.069%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.7−0.013%$3.30B$9.57B200xas long as short
Lighter ETH+0.0096%1h2,781.6+0.020%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,782.6+0.055%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6−0.017%$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,778.8−0.084%$2.52B$4.59B150xas long as short
HTX ETH-USDTlong+0.0096%8h2,781.1long leg$1.08B$1.31B200x
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.005%$16.0M$10.5M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,780.8−0.010%$483K$2.7M50x
Hyperliquid ETH+0.0100%1h2,783+0.069%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7−0.014%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780−0.039%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.038%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.009%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.2+0.003%$426.8M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.5+0.013%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.022%$135.5M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.151%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.164%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.163%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3−0.028%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.003%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.040%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3+0.009%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.072%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6−0.055%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8−0.010%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,778.7−0.086%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.037%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.034%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0114%8h2,781.5+0.015%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.046%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.088%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.027%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6−0.052%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7−0.014%$7.4M$1.1M25xas long as short