ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.001%

Price spread now: HTX against KuCoin+0.006%7-day average −0.017% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.006%, 7d avg −0.017%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.017%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETHUSDTM	2,726.8	0.0071	pay 0.0071% / 8h	1h 32m	$375.6M	$577.0M	100x
Short	HTX ETH-USDT	2,726.9	0.0010	get 0.0010% / 8h	1h 32m	$1.05B	$1.23B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$12.76
Price spread: +0.006% → −0.017%: $2.25
Slippage, 4 orders: −$0.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$34.76
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 7 min ago	0.02 bp	6.0 bp −$6	8.0 bp −$80	10.7 bp −$1,070	doesn't fit
Sell HTX live order book, 2 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	8.6 bp −$860	12.3 bp −$6,163

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,727.7	+0.034%	$288K	$5.8M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0087%	1h	2,726.4	−0.015%	$8.6M	$31.4M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.6	+0.031%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,727.6	+0.031%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,725.8	−0.034%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,725.7	−0.039%	$816K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,727.7	+0.034%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,727.6	+0.031%	$6.7M	$688.5M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,728.2	+0.054%	$262.6M	$215.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,727.7	+0.036%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDTshort	+0.0010%	8h	2,726.9	+0.006%	$1.05B	$1.23B	200x
01 Exchange ETHUSD	+0.0024%	1h	2,727	+0.009%	$191K	$893K	50x	as long as short
BingX ETH-USDT	+0.0027%	8h	2,726.1	−0.025%	—	$1.11B	—	as long as short
Bybit ETHUSDT	+0.0033%	8h	2,725.4	−0.050%	$2.34B	$4.41B	150x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,727.2	+0.017%	$54.3M	$187.3M	40x	as long as short
KuCoin ETHUSDTMlong	+0.0071%	8h	2,726.8	long leg	$375.6M	$577.0M	100x
Aster ETHUSDT	+0.0081%	8h	2,726.1	−0.024%	$252.0M	$848.9M	200x	as long as short
SunX ETH-USDT	+0.0085%	8h	2,726.7	0.000%	$955K	$11.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0087%	8h	2,725.4	−0.050%	$1.65B	$10.90B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,724.7	−0.075%	$4.9M	$167K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,726	−0.028%	$1.52B	$2.59B	500x	as long as short
Aftermath Perps ETHUSD	+0.0090%	1h	2,727.1	+0.012%	$30K	$20K	20x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,726.1	−0.023%	$6.32B	$16.15B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,727.5	+0.029%	$112.0M	$434.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.8	+0.039%	$23.4M	$103.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726.2	−0.020%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,729.6	+0.104%	$15.3M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,725.8	−0.034%	$14.1M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,729.7	+0.108%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,727.3	+0.020%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.1	−0.024%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,726.8	0.000%	$1.5M	$16.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.2	−0.021%	$3.29B	$8.98B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.1	−0.023%	$2.08B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.3	+0.021%	$15.0M	$41.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.8	−0.073%	$133.4M	$324.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.6	−0.041%	$184.8M	$681.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,726.7	−0.002%	$158.4M	$87.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.7	+0.035%	$21.0M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,728.3	+0.056%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,728.8	+0.075%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,727.3	+0.019%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,727.7	+0.035%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.3	+0.020%	$40.9M	$30.3M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,727.9	+0.041%	$262.9M	$64.8M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.2	−0.020%	$161.6M	$349.5M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.2	−0.058%	$30.4M	$74.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,725.9	−0.032%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,729.2	+0.088%	$50.0M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,728.2	+0.053%	$5.6M	$11.7M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,729.8	+0.112%	$32.1M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,726.5	−0.008%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,728.1	+0.051%	$82.4M	$312.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,726.1	−0.022%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,727.9	+0.041%	$281.9M	$175.4M	150x	as long as short