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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 01:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.007%
Price spread now: HTX against SoDEX−0.003%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on SoDEXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.003%, 7d avg −0.004%
Together, before fees−0.005%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,770.10.0033pay 0.0004% / 1h37m 46s$55.2M$188.0M40x
ShortHTX ETH-USDT2,7700.0060get 0.0060% / 8h7h 37m$1.08B$1.26B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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
$5.61
Price spread: −0.003% → −0.004%
$0.06
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$14.72
Costs to cover
0.204%
Break-even
25.4 days
Slippage from SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.2 bp −$426.0 bp −$59635.9 bp −$18.0K
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$608.8 bp −$87612.9 bp −$6,451

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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.260%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,772+0.069%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,770−0.005%$321K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.6+0.054%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770.3+0.007%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0010%8h2,770−0.003%$269.6M$67.4M150xas long as short
Phoenix ETH−0.0003%1h2,774.6+0.162%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.085%$12.2M$46.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.8+0.027%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,769.8−0.010%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,771.8+0.061%$1.71B$11.25B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,770.5+0.016%$12.7M—200xas long as short
SoDEX ETH-USDlong+0.0033%1h2,770.1long leg$55.2M$188.0M40x
Aster ETHUSDT+0.0040%8h2,772.2+0.076%$256.8M$887.5M200xas long as short
Binance ETHUSDT+0.0055%8h2,772.2+0.077%$6.47B$16.47B150xas long as short
MEXC ETH_USDT+0.0056%8h2,772.2+0.075%$1.63B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,767.9−0.079%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0058%1h2,772.6+0.089%$31K$23K20xas long as short
HTX ETH-USDTshort+0.0060%8h2,770−0.003%$1.08B$1.26B200x
Bitget ETHUSDT+0.0070%8h2,772.5+0.088%$2.10B$2.89B150xas long as short
Gate ETH_USDT+0.0071%8h2,772.2+0.077%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.4+0.045%$60.3M$4.46B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,772.3+0.078%$420.5M$639.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.052%$259.1M$208.4M50xas long as short
Vest ETH-PERP+0.0084%1h2,770.7+0.022%—$880K50xas long as short
ApeX Omni ETHUSDT+0.0086%1h2,771.1+0.036%$8.7M$32.3M100xas long as short
Lighter ETH+0.0096%1h2,772.4+0.082%$115.3M$457.3M50xas long as short
Lighter RH ETH+0.0096%1h2,774.1+0.143%$25.8M$111.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.9+0.065%$15.9M$8.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.4+0.083%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.10.000%$14.8M$115.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774+0.141%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,772.6+0.090%$31.4M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.4+0.084%$2.51B$4.42B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.6+0.054%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.9+0.099%$2.8M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.010%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,772.1+0.074%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1+0.036%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,771.8+0.062%$148.1M$340.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.5+0.051%$182.0M$786.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.3+0.152%$161.3M$85.7M50xas long as short
StandX ETH-USD+0.0100%1h2,772.7+0.094%$21.4M$60.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.9−0.007%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.1+0.036%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.4+0.083%$42.6M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.8−0.011%$971K$13.3M100xas long as short
Extended ETH-USD+0.0104%1h2,771.8+0.060%$32.5M$72.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.6+0.018%—$38.1M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,771.4+0.047%$8.0M$684.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.4+0.048%$93.3M$321.4M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,773.2+0.112%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773+0.106%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0177%8h2,770.3+0.006%$287.9M$187.2M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,769.8−0.011%$7.3M$1.2M25xas long as short