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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 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.003%
Price spread now: Pacifica against HTX+0.097%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on HTXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.097%, 7d avg +0.037%
Together, before fees−0.025%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.059% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,735.20.0002pay 0.0002% / 8h3h 34m$1.06B$1.20B200x
ShortPacifica ETH2,737.80.0100get 0.0013% / 1h34m 05s$32.1M$333.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$20.63
Price spread: +0.097% → +0.037%
$5.95
Slippage, 4 orders
−$0.4
Fee HTX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$6.18
Costs to cover
0.204%
Break-even
4.9 days
Slippage from HTX: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago0.02 bp6.0 bp −$66.0 bp −$608.1 bp −$81411.7 bp −$5,835
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.8 bp −$48doesn't fitdoesn't fit

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%43m2,736.7+0.057%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.7+0.093%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.7+0.055%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,738.9+0.137%$823K$2.9M25xas long as short
HTX ETH-USDTlong+0.0002%8h2,735.2long leg$1.06B$1.20B200x
dYdX ETH-USD+0.0005%1h2,737.1+0.071%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.7+0.056%$28.1M—200xas long as short
Bullet ETH-USD+0.0027%1h2,736.2+0.038%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0032%8h2,735.7+0.020%—$18.5M—as long as short
Deribit ETH-PERPETUAL+0.0039%1h2,737.1+0.071%$259.5M$200.1M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,735.9+0.027%$2.37B$4.37B150xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.082%$8.7M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,737.1+0.071%$187K$817K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736+0.032%$381.6M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,735.7+0.021%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0079%8h2,735.9+0.029%$265.3M$65.1M150xas long as short
Aster ETHUSDT+0.0084%8h2,736.3+0.043%$251.3M$842.4M200xas long as short
SunX ETH-USDT+0.0086%8h2,736.1+0.034%$960K$11.2M100xas long as short
MEXC ETH_USDT+0.0093%8h2,735.9+0.028%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,736.1+0.034%$6.36B$15.89B150xas long as short
Lighter ETH+0.0096%1h2,736.3+0.043%$112.9M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.087%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.2+0.076%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.7+0.057%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.097%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0099%1h2,735.8+0.024%$54.5M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.4+0.191%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.3+0.042%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.1+0.071%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.4+0.119%$3.11B$2.04B25xas long as short
Pacifica ETHshort+0.0100%1h2,737.8+0.097%$32.1M$333.7M50x
Ondo Perps ETH-USD.P+0.0100%1h2,736.2+0.038%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.3+0.080%$1.5M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,736+0.032%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736+0.031%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5+0.014%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,735.4+0.008%$133.6M$322.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.2+0.074%$184.1M$670.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.9+0.029%$159.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,738+0.104%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.3+0.080%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.090%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.2+0.075%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738+0.102%$41.3M$29.9M15xas long as short
Bulk ETH-USD+0.0100%1h2,739.4+0.154%$170.6M$337.3M25xas long as short
Extended ETH-USD+0.0104%1h2,735−0.007%$30.6M$73.0M50xas long as short
RISEx ETH/USDC+0.0107%1h2,737.3+0.077%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,737.6+0.088%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.6+0.053%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0142%8h2,737.4+0.082%$6.5M$682.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,736.3+0.043%$83.4M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,738.5+0.124%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0212%1h2,735.1−0.002%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,737.3+0.077%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0375%8h2,736.7+0.055%$283.5M$175.3M150xas long as short