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 05:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.016%
Price spread now: Kraken Futures against HTX+0.031%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Long on HTXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.031%, 7d avg +0.026%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,735.4−0.0001get 0.0001% / 8h3h 32m$1.06B$1.20B200x
ShortKraken Futures PF_ETHUSD2,736.20.0153get 0.0019% / 1h32m 05s$83.4M$315.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$32.2
Price spread: +0.031% → +0.026%
$0.51
Slippage, 4 orders
−$1.55
Fee HTX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$9.16
Costs to cover
0.236%
Break-even
5.0 days
Slippage from HTX: live order book, 2 min ago; Kraken Futures: 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 −$607.1 bp −$71010.9 bp −$5,441
Sell Kraken Futures live order book, 2 min ago0.18 bp6.3 bp −$67.6 bp −$769.2 bp −$92311.9 bp −$5,971

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%43m2,737+0.058%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.8+0.052%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.3+0.033%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,737.1+0.063%$822K$2.9M25xas long as short
HTX ETH-USDTlong−0.0001%8h2,735.4long leg$1.06B$1.20B200x
dYdX ETH-USD+0.0004%1h2,737.1+0.062%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.3+0.034%$28.1M—200xas long as short
Bullet ETH-USD+0.0028%1h2,735.8+0.015%$179K$1.7M20xas long as short
BingX ETH-USDT+0.0032%8h2,735.40.000%—$1.15B—as long as short
Bybit ETHUSDT+0.0041%8h2,734.8−0.021%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.073%$8.7M$31.2M100xas long as short
01 Exchange ETHUSD+0.0048%1h2,736.5+0.041%$187K$816K50xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,737+0.060%$259.5M$200.1M50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,735.8+0.015%$381.2M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,735−0.014%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0078%8h2,735.8+0.016%$265.2M$65.1M150xas long as short
SunX ETH-USDT+0.0084%8h2,734.8−0.023%$960K$11.2M100xas long as short
Aster ETHUSDT+0.0084%8h2,735.5+0.003%$251.3M$842.2M200xas long as short
MEXC ETH_USDT+0.0092%8h2,735.7+0.010%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,735.40.000%$6.36B$15.89B150xas long as short
Lighter ETH+0.0096%1h2,736.1+0.026%$112.9M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,737.4+0.072%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.5+0.078%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734.5−0.032%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.088%$117K$22.5M52xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740+0.168%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.1+0.026%$505K$3.3M50xas long as short
SoDEX ETH-USD+0.0100%1h2,735.8+0.015%$54.5M$187.7M40xas long as short
Nado ETH-PERP+0.0100%1h2,737.3+0.071%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738+0.095%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.8+0.088%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.9+0.055%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,736.8+0.052%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.038%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.6+0.008%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.4+0.002%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735−0.015%$15.2M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,735.4−0.001%$133.6M$322.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,735.7+0.011%$184.0M$670.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.6+0.080%$159.3M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,737.4+0.073%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.1+0.062%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.5+0.077%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737+0.060%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.8+0.088%$41.3M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,735.1−0.010%$30.6M$73.0M50xas long as short
RISEx ETH/USDC+0.0107%1h2,736.7+0.046%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,737.3+0.072%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.4+0.035%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0138%8h2,737.7+0.084%$6.5M$683.4M4.9xas long as short
Kraken Futures PF_ETHUSDshort+0.0153%1h2,736.2+0.031%$83.4M$315.1M100x
Orderly PERP_ETH_USDC+0.0197%8h2,738.3+0.106%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0211%1h2,735.1−0.010%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,737.7+0.084%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0372%8h2,736.6+0.042%$283.4M$175.3M150xas long as short