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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: HTX against RISEx+0.012%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−$14as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Long on RISExShort on HTX
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)−0.261%−$26 · spread now +0.012%, 7d avg −0.034%
Together, before fees−0.293%−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.047% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,742.80.0077pay 0.0010% / 1h33m 47s$5.6M$11.2M25x
ShortHTX ETH-USDT2,743.10.0096get 0.0096% / 8h5h 33m$1.06B$1.18B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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
$3.95
Price spread: +0.012% → −0.034%
$4.68
Slippage, 4 orders
−$1.17
Fee RISEx: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$10.54
Costs to cover
0.192%
Break-even
25.7 days
Slippage from RISEx: 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 RISEx live order book, 5 min ago0.02 bp3.0 bp −$33.4 bp −$34330.7 bp −$33.1Kdoesn't fit
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$607.7 bp −$77512.1 bp −$6,032

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
Hotstuff ETH-PERP−0.0080%1h2,742.4−0.013%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.012%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.1+0.010%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,743.6+0.029%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,741.9−0.032%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2+0.015%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,741.5−0.046%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,742.7−0.002%$182K$916K50xas long as short
BingX ETH-USDC+0.0050%8h2,743.5+0.026%—$18.5M—as long as short
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.140%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,744.4+0.059%$383.5M$586.9M100xas long as short
OKX ETH-USDT-SWAP+0.0064%8h2,744.6+0.066%$1.70B$10.57B100xas long as short
RISEx ETH/USDClong+0.0077%1h2,742.8long leg$5.6M$11.2M25x
Bullet ETH-USD+0.0079%1h2,742.6−0.008%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0082%8h2,744.2+0.053%$252.3M$841.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,744.5+0.064%$1.56B$2.54B500xas long as short
Aevo ETH-PERP+0.0088%1h2,740.8−0.073%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,744.5+0.064%$6.38B$15.69B150xas long as short
HTX ETH-USDTshort+0.0096%8h2,743.1+0.012%$1.06B$1.18B200x
Lighter ETH+0.0096%1h2,744.3+0.057%$112.8M$433.4M50xas long as short
Lighter RH ETH+0.0096%1h2,745.5+0.101%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.6+0.032%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745+0.081%$58.7M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749.3+0.237%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742−0.028%$468K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.6−0.006%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.9+0.114%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745+0.081%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.7+0.071%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741−0.064%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.7−0.004%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.045%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.8+0.039%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.9+0.040%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.8+0.002%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.076%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.207%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740−0.102%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,742.3−0.017%$21.2M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.2+0.015%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.3+0.019%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,743+0.010%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,745+0.082%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.8+0.002%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.2+0.016%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.5+0.027%$266.8M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.9+0.003%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.7−0.040%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,743.4+0.023%$7.7M$669.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,744.6+0.067%$258.8M$196.1M50xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,745.4+0.097%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.4+0.061%$86.9M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742−0.027%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,743.5+0.026%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,743+0.010%$285.0M$182.0M150xas long as short