Settings8H · net · $10k
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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 00:00 UTC+0.0077%/8h= +8.5% APRnext payment +$0.77 per $10,000 · paid last 24h +0.002%
Price spread now: HTX against Phemex+0.026%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on PhemexShort 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 3 days (all we have)−0.044%−$4 · spread now +0.026%, 7d avg −0.014%
Together, before fees+0.002%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.040% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,775.50.0016pay 0.0016% / 8h1h 33m$270.0M$68.6M150x
ShortHTX ETH-USDT2,776.20.0094get 0.0094% / 8h1h 33m$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$16.26
Price spread: +0.026% → −0.014%
$3.97
Slippage, 4 orders
−$0.09
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$3.86
Costs to cover
0.241%
Break-even
8.7 days
Slippage from Phemex: live order book, 6 min ago; HTX: live order book, 1 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 Phemex live order book, 6 min ago0.02 bp6.0 bp −$66.6 bp −$669.1 bp −$91214.7 bp −$7,363
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$67.3 bp −$738.9 bp −$88912.5 bp −$6,268

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%43m2,777.9+0.085%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,777.4+0.069%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.098%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.4−0.003%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778+0.091%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0025%1h2,777.6+0.075%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.7+0.115%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.156%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.2+0.062%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,776.3+0.030%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDTlong+0.0016%8h2,775.5long leg$270.0M$68.6M150x
OKX ETH-USDT-SWAP+0.0020%8h2,775−0.017%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2+0.061%$13.0M—200xas long as short
Aster ETHUSDT+0.0036%8h2,775.9+0.016%$256.3M$989.9M200xas long as short
Bullet ETH-USD+0.0040%1h2,776.5+0.037%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0059%1h2,778+0.091%$14.3M$117.9M50xas long as short
MEXC ETH_USDT+0.0060%8h2,777.1+0.060%$1.63B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,775.6+0.005%$6.44B$17.11B150xas long as short
Aevo ETH-PERP+0.0064%1h2,775.7+0.008%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0072%8h2,776.4+0.033%$3.29B$9.59B200xas long as short
Bitget ETHUSDT+0.0072%8h2,776.2+0.027%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,777.8+0.085%$258.4M$222.0M50xas long as short
SoDEX ETH-USD+0.0089%1h2,776+0.019%$55.3M$228.8M40xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,775.4−0.002%$8.7M$32.5M100xas long as short
HTX ETH-USDTshort+0.0094%8h2,776.2+0.026%$1.08B$1.32B200x
Bybit ETHUSDT+0.0094%8h2,775.2−0.011%$2.52B$4.60B150xas long as short
Lighter ETH+0.0096%1h2,776.5+0.035%$115.1M$499.1M50xas long as short
Lighter RH ETH+0.0096%1h2,777.5+0.074%$25.4M$121.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.6+0.113%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,777.2+0.061%$426.5M$738.0M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.3+0.065%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.094%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.1+0.165%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,778.1+0.094%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777+0.055%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.5+0.144%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.210%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.079%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6−0.032%$135.3M$322.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.9−0.022%$179.9M$780.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.055%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,777.8+0.084%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.105%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.6+0.075%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.112%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777+0.056%$974K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,777.6+0.076%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.6+0.005%$31.5M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.1+0.057%$60.2M$4.60B50xas long as short
Kalshi KXETHPERP+0.0119%8h2,778.1+0.094%$8.5M$674.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,778.8+0.120%$32.6M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,778.6+0.113%$279K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,776.8+0.047%$86.2M$330.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,775.4−0.001%$285.0M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,776.9+0.052%$7.4M$1.2M25xas long as short