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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0009%/8h= −0.9% APRpaid last 24h 0.000%
Price spread now: SoDEX against HTX+0.037%7-day average +0.004% · 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−$17as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on HTXShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.037%, 7d avg +0.004%
Together, before fees−0.025%−$3 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: SoDEX is 0.033% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,770.60.0100pay 0.0100% / 8h2h 46m$1.08B$1.32B200x
ShortSoDEX ETH-USD2,771.60.0091get 0.0011% / 1h46m 37s$55.2M$228.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$1.79
Price spread: +0.037% → +0.004%
$3.28
Slippage, 4 orders
−$0.4
Fee HTX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$18.91
Costs to cover
0.204%
Break-even
never at this rate
Slippage from HTX: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago0.02 bp6.0 bp −$66.0 bp −$609.1 bp −$90713.7 bp −$6,830
Sell SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.3 bp −$435.9 bp −$59133.3 bp −$16.7K

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%43m2,771.7+0.041%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.047%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.004%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.8+0.080%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.019%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.8+0.044%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.1+0.018%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.070%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.062%$22.4M—200xas long as short
Phemex ETHUSDT+0.0018%8h2,771.7+0.039%$266.7M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769.7−0.034%$1.70B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.2+0.057%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,772.8+0.080%$29K$21K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.5−0.038%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,770.8+0.009%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,771.4+0.030%$256.0M$995.6M200xas long as short
Binance ETHUSDT+0.0044%8h2,770.4−0.008%$6.44B$17.18B150xas long as short
Gate ETH_USDT+0.0058%8h2,770.9+0.011%$3.29B$9.56B200xas long as short
Bitget ETHUSDT+0.0074%8h2,770.8+0.009%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,771.3+0.026%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.027%$141.1M$319.9M—as long as short
SoDEX ETH-USDshort+0.0091%1h2,771.6+0.037%$55.2M$228.6M40x
Lighter ETH+0.0096%1h2,770.9+0.010%$115.1M$508.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.061%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.058%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.8+0.007%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.4+0.030%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.2+0.024%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.138%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.4+0.028%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.1−0.018%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.014%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.2+0.093%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.009%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.8+0.008%$425.0M$743.2M100xas long as short
BingX ETH-USDC+0.0100%8h2,770.7+0.003%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.065%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.044%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.038%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.022%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.055%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.080%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.3+0.061%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.9+0.119%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.3−0.012%$970K$14.3M100xas long as short
HTX ETH-USDTlong+0.0100%8h2,770.6long leg$1.08B$1.32B200x
Extended ETH-USD+0.0104%1h2,770.4−0.006%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.3+0.098%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.5+0.069%$8.6M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,774.6+0.145%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,771.7+0.039%$287.0M$195.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,773.7+0.112%$259.0M$223.0M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7+0.004%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.087%$88.5M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9+0.011%$273K$1.5M20xas long as short