Funding you earn now, next payment 00:00 UTC−0.0442%/8h= −48.4% APRnext payment −$2.21 per $10,000 · paid last 24h −0.004%
Price spread now: HTX against Bitget−0.195%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1051.046% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.195%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.062% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7184 | 0.0100 | pay 0.0050% / 4h | 28m 18s | $6.1M | $5.7M | 75x |
| Short | HTX ETHFI-USDT | 0.7170 | −0.0342 | pay 0.0171% / 4h | 28m 18s | $83K | $164K | 20x |
Bitget ETHFIUSDT
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$92.8
- Price spread: −0.195% → −0.132%
- −$6.25
- Slippage, 4 orders
- −$80.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$203.66
- Costs to cover
- 1.046%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 48 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 5 min ago | 1.39 bp | 17.7 bp −$18 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell HTX live order book, 48 min ago | 13.29 bp | 46.0 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDTshort | −0.0342% | 4h | 0.7170 | −0.195% | $83K | $164K | 20x | |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7190 | +0.084% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0189% | 4h | 0.7187 | +0.042% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0017% | 8h | 0.7186 | +0.023% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.780% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0036% | 4h | 0.7185 | +0.014% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0036% | 4h | 0.7186 | +0.025% | $25.0M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7184 | −0.003% | $93K | $493K | 10x | as long as short |
| Aster ETHFIUSDT | +0.0065% | 4h | 0.7195 | +0.151% | $184K | $262K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7183 | −0.011% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7199 | +0.212% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7200 | +0.220% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7188 | +0.056% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7192 | +0.111% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7189 | +0.070% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7187 | +0.042% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDTlong | +0.0100% | 4h | 0.7184 | long leg | $6.1M | $5.7M | 75x | |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7188 | +0.056% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7193 | +0.121% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7190 | +0.089% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7189 | +0.070% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0150% | 4h | 0.7186 | +0.028% | $1.3M | $288K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.738% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7199 | +0.209% | $277K | $161K | 20x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD