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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−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.006%
Price spread now: HTX against SunX+0.011%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on SunXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.011%, 7d avg +0.003%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,769.50.0100pay 0.0100% / 8h6m 51s$971K$13.9M100x
ShortHTX ETH-USDT2,769.80.0093get 0.0093% / 8h6m 51s$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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
−$1.43
Price spread: +0.011% → +0.003%
$0.81
Slippage, 4 orders
−$3.35
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$23.98
Costs to cover
0.234%
Break-even
never at this rate
Slippage from SunX: live order book, 12 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago1.66 bp5.7 bp −$65.7 bp −$577.8 bp −$78511.1 bp −$5,569
Sell HTX live order book, 2 min ago0.02 bp6.0 bp −$66.0 bp −$607.6 bp −$76311.4 bp −$5,722

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−0.0223%43m2,769.3−0.007%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,768.9−0.023%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.267%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.058%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0016%1h2,769.8+0.011%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.3−0.007%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.2+0.062%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.073%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.9+0.051%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769.7+0.006%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.6+0.041%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.4+0.070%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,770.2+0.024%$270.0M$68.8M150xas long as short
SoDEX ETH-USD+0.0030%1h2,770.2+0.026%$55.2M$228.8M40xas long as short
Aster ETHUSDT+0.0031%8h2,770.6+0.039%$255.7M$1.00B200xas long as short
Bullet ETH-USD+0.0036%1h2,769.8+0.010%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,770.5+0.036%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,770.4+0.032%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,769.3−0.008%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,769.9+0.016%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.5+0.037%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.7+0.044%$421.1M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,770.2+0.027%$2.50B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,770.3+0.029%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.1+0.092%$60.3M$4.59B50xas long as short
HTX ETH-USDTshort+0.0093%8h2,769.8+0.011%$1.08B$1.32B200x
Nado ETH-PERP+0.0096%1h2,770.5+0.037%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.8+0.049%$115.1M$501.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.100%$25.3M$122.1M50xas long as short
Deribit ETH-PERPETUAL+0.0096%1h2,772.1+0.094%$259.0M$222.2M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.4+0.031%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.015%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769−0.018%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,773+0.127%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.8+0.049%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.3−0.007%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.2+0.027%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.003%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6+0.040%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.038%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.003%$181.8M$784.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.052%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,771.1+0.058%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.011%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.048%$21K$24K25xas long as short
SunX ETH-USDTlong+0.0100%8h2,769.5long leg$971K$13.9M100x
Derive ETH-PERP+0.0100%1h2,772.8+0.118%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0104%8h2,771.2+0.062%$8.2M$688.2M4.9xas long as short
Extended ETH-USD+0.0104%1h2,769.9+0.017%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.9+0.085%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.9+0.087%$90.4M$338.5M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.1+0.129%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770.1+0.023%$286.5M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.2+0.026%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,773+0.126%$252K$1.6M20xas long as short