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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 03:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.003%
Price spread now: RISEx against HTX+0.042%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Long on HTXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.032%+$3 on $10k
Price spread, last 4 days (all we have)+0.207%+$21 · spread now +0.042%, 7d avg +0.034%
Together, before fees+0.239%+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, 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-USDT2,7440.0096pay 0.0096% / 8h5h 42m$1.06B$1.18B200x
ShortRISEx ETH/USDC2,745.20.0077get 0.0010% / 1h42m 08s$5.7M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$4.07
Price spread: +0.042% → +0.034%
$0.76
Slippage, 4 orders
−$1.09
Fee HTX: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$22.39
Costs to cover
0.191%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; RISEx: 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 −$608.2 bp −$81911.8 bp −$5,891
Sell RISEx live order book, 2 min ago0.02 bp4.0 bp −$45.0 bp −$50doesn'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−0.0112%43m2,743.9−0.002%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.7−0.084%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.033%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745+0.035%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,744.4+0.014%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745+0.035%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.124%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.8+0.029%$182K$916K50xas long as short
BingX ETH-USDC+0.0047%8h2,743.9−0.005%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0062%8h2,744.4+0.015%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,744.7+0.024%$384.1M$597.9M100xas long as short
RISEx ETH/USDCshort+0.0077%1h2,745.2+0.042%$5.7M$11.2M25x
Aster ETHUSDT+0.0080%8h2,744.7+0.026%$252.5M$841.6M200xas long as short
MEXC ETH_USDT+0.0088%8h2,744.4+0.016%$1.56B$2.53B500xas long as short
Aevo ETH-PERP+0.0088%1h2,741.7−0.084%$4.9M$159K20xas long as short
Binance ETHUSDT+0.0089%8h2,742.7−0.049%$6.37B$15.71B150xas long as short
Bullet ETH-USD+0.0090%1h2,744.5+0.020%$183K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,745.3+0.046%$112.9M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,746.4+0.086%$24.7M$103.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.6−0.013%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746+0.073%$59.0M$4.28B50xas long as short
HTX ETH-USDTlong+0.0096%8h2,744long leg$1.06B$1.18B200x
Paradex ETH-USD-PERP+0.0100%8h2,748.2+0.152%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4+0.015%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.5+0.018%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,746+0.073%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745.3+0.047%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.8−0.118%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8−0.044%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.1+0.040%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5−0.017%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.4+0.015%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.9−0.004%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.3−0.024%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.132%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.5−0.090%$182.2M$693.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.154%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,743.1−0.032%$8.9M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,742.8−0.044%$21.2M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.2+0.045%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.8+0.066%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.5+0.018%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.093%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.9−0.004%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.8+0.029%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3+0.012%$267.0M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,744.1+0.004%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,743.6−0.014%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0154%8h2,745+0.036%$7.7M$668.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,746.2+0.078%$258.8M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,746.6+0.096%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,743−0.035%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.6+0.060%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,744.3+0.009%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.4−0.058%$249K$1.4M20xas long as short