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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 23:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.001%
Price spread now: HTX against 01 Exchange−0.022%7-day average −0.040% · 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−$23as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Long on 01 ExchangeShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.027%+$3 on $10k
Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.022%, 7d avg −0.040%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,778−0.0040get 0.0005% / 1h42m 42s$169K$1.2M50x
ShortHTX ETH-USDT2,777.40.0094get 0.0094% / 8h1h 42m$1.08B$1.31B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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
$28.24
Price spread: −0.022% → −0.040%
$1.82
Slippage, 4 orders
−$6.29
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
$4.77
Costs to cover
0.253%
Break-even
5.8 days
Slippage from 01 Exchange: 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 01 Exchange live order book, 1 min ago0.18 bp5.9 bp −$612.4 bp −$124doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$607.4 bp −$73911.0 bp −$5,505

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%43m2,776.6−0.051%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,777.4−0.020%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.1+0.004%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.083%$119K$22.5M52xas long as short
01 Exchange ETHUSDlong−0.0040%1h2,778long leg$169K$1.2M50x
Aftermath Perps ETHUSD−0.0020%1h2,775−0.109%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,781.6+0.128%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.137%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5−0.018%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,777−0.035%$267.4M$65.7M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0017%8h2,779.9+0.069%—$17.3M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.1+0.076%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.3−0.026%$13.2M—200xas long as short
Aster ETHUSDT+0.0034%8h2,780.4+0.085%$257.0M$989.6M200xas long as short
Bullet ETH-USD+0.0036%1h2,776.4−0.056%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0041%1h2,777.6−0.014%$14.3M$117.8M50xas long as short
MEXC ETH_USDT+0.0056%8h2,780.6+0.093%$1.62B$2.64B500xas long as short
Aevo ETH-PERP+0.0056%1h2,774.6−0.122%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,780.5+0.089%$6.46B$17.11B150xas long as short
Bitget ETHUSDT+0.0073%8h2,780.5+0.090%$2.11B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0081%1h2,778.8+0.028%$258.4M$221.6M50xas long as short
Gate ETH_USDT+0.0082%8h2,781+0.108%$3.29B$9.56B200xas long as short
HTX ETH-USDTshort+0.0094%8h2,777.4−0.022%$1.08B$1.31B200x
Lighter ETH+0.0096%1h2,780.5+0.089%$115.1M$497.1M50xas long as short
Lighter RH ETH+0.0096%1h2,782.9+0.175%$25.5M$120.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.4−0.021%—$41.3M500xas long as short
Hibachi ETH/USDT-P+0.0096%1h2,778.5+0.019%$287K$1.5M20xas long as short
Bybit ETHUSDT+0.0096%8h2,780.4+0.085%$2.52B$4.60B150xas long as short
SoDEX ETH-USD+0.0098%1h2,777.1−0.032%$55.3M$228.7M40xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781+0.109%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.7−0.011%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,782.9+0.176%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.9+0.104%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.3+0.047%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.2+0.152%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.267%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781+0.106%$426.4M$737.5M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.8+0.027%$15.2M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.150%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.5−0.089%$179.9M$780.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.053%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.052%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,776.2−0.065%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779+0.036%$10.8M$7.7M50xas long as short
Derive ETH-PERP+0.0100%1h2,779.3+0.046%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.2−0.065%$975K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,777.9−0.003%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,780.2+0.080%$31.4M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.7+0.025%$60.1M$4.60B50xas long as short
Kalshi KXETHPERP+0.0110%8h2,778.2+0.007%$8.6M$672.9M4.9xas long as short
Bluefin ETH-PERP+0.0125%1h2,777.6−0.015%$21K$24K25xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,779.4+0.050%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.5+0.018%$86.2M$330.4M100xas long as short
BloFin ETH-USDT+0.0176%8h2,778−0.001%$285.6M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,777.3−0.026%$7.4M$1.1M25xas long as short