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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 07:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.003%
Price spread now: HTX against Polymarket Perps−0.051%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on Polymarket PerpsShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.051%, 7d avg −0.030%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ETH-USD2,733.40.0100pay 0.0013% / 1h59m 16s$11.2M$9.5M50x
ShortHTX ETH-USDT2,7320.0010get 0.0010% / 8h1h 59m$1.05B$1.22B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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
−$18.84
Price spread: −0.051% → −0.030%
−$2.12
Slippage, 4 orders
−$1.09
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$42.05
Costs to cover
0.211%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; HTX: 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 Polymarket Perps live order book, 5 min ago0.18 bp4.2 bp −$45.3 bp −$5312.5 bp −$1,246doesn't fit
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$607.3 bp −$73410.4 bp −$5,187

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%43m2,732.3−0.039%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.9−0.018%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,740+0.241%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.7−0.026%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.095%$817K$2.9M25xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733−0.014%$260.2M$211.3M50xas long as short
dYdX ETH-USD+0.0005%1h2,733.1−0.012%$10.5M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.7−0.025%$33.0M—200xas long as short
HTX ETH-USDTshort+0.0010%8h2,732−0.051%$1.05B$1.22B200x
01 Exchange ETHUSD+0.0032%1h2,732.7−0.026%$193K$885K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0035%8h2,731.8−0.058%—$18.6M—as long as short
Bybit ETHUSDT+0.0043%8h2,731.9−0.053%$2.35B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0079%8h2,732.2−0.045%$375.2M$577.8M100xas long as short
SoDEX ETH-USD+0.0081%1h2,732.1−0.048%$54.4M$187.5M40xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,735+0.060%$30K$20K20xas long as short
Bullet ETH-USD+0.0092%1h2,732.3−0.040%$182K$1.7M20xas long as short
SunX ETH-USDT+0.0093%8h2,732.1−0.047%$958K$11.1M100xas long as short
OKX ETH-USDT-SWAP+0.0096%8h2,732.4−0.037%$1.66B$10.94B100xas long as short
Lighter ETH+0.0096%1h2,732.7−0.026%$112.4M$430.5M50xas long as short
Lighter RH ETH+0.0096%1h2,734+0.021%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.135%$4.9M$150K20xas long as short
Aster ETHUSDT+0.0097%8h2,732.3−0.039%$253.2M$849.0M200xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.040%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8−0.059%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.3+0.142%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9−0.057%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.7+0.049%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.7+0.009%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,732.2−0.044%$6.34B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.4−0.037%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.2−0.007%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.058%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.1−0.046%$3.28B$8.91B200xas long as short
MEXC ETH_USDT+0.0100%8h2,732.2−0.044%$1.53B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,732.8−0.023%$2.09B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.5−0.033%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.022%$134.8M$325.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.5+0.042%$185.5M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.073%$159.1M$87.6M50xas long as short
StandX ETH-USD+0.0100%1h2,736+0.095%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734+0.021%—$879K50xas long as short
Polymarket Perps ETH-USDlong+0.0100%1h2,733.4long leg$11.2M$9.5M50x
Bluefin ETH-PERP+0.0100%1h2,733.1−0.012%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.9+0.018%$41.0M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,732.7−0.025%$263.5M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,731.1−0.084%$30.3M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.9−0.019%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.4+0.001%$50.3M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.6−0.030%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0122%8h2,732.4−0.037%$6.8M$693.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,734.7+0.046%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0196%1h2,731.2−0.082%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.8−0.021%$83.5M$311.6M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,736.4+0.109%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,732−0.052%$281.4M$175.2M150xas long as short