ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0376%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h −0.015%

Price spread now: HTX against Bybit−0.515%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$980.979% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.306%+$31 · spread now −0.515%, 7d avg −0.152%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.363% cheaper against Bybit than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.152%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.88 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	Bybit ETHFIUSDT	0.7182	0.0100	pay 0.0050% / 4h	1h 09m	$18.3M	$13.0M	25x
Short	HTX ETHFI-USDT	0.7145	−0.0276	pay 0.0138% / 4h	1h 09m	$83K	$165K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee HTXbpOrdersPrice spread, now −0.515%Rate

Funding earned: −$78.99
Price spread: −0.515% → −0.152%: −$36.32
Slippage, 4 orders: −$74.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$213.22
Costs to cover: 0.979%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 7 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 Bybit live order book, 4 min ago	0.70 bp	15.4 bp −$15	41.5 bp −$415	doesn't fit	doesn't fit
Sell HTX live order book, 7 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
Deribit ETHFI_USDC-PERPETUAL	−0.0446%	1h	0.7177	−0.070%	$42K	$18K	10x	as long as short
HTX ETHFI-USDTshort	−0.0276%	4h	0.7145	−0.515%	$83K	$165K	20x
Kraken Futures PF_ETHFIUSD	−0.0252%	1h	0.7185	+0.037%	$282K	$148K	20x	as long as short
Orderly PERP_ETHFI_USDC	−0.0187%	4h	0.7172	−0.139%	$16K	$1K	10x	as long as short
Binance ETHFIUSDT	+0.0023%	4h	0.7175	−0.097%	$24.9M	$37.2M	75x	as long as short
Paradex ETHFI-USD-PERP	+0.0024%	8h	0.7166	−0.223%	$6K	—	5x	as long as short
Extended ETHFI-USD	+0.0024%	1h	0.7176	−0.077%	$93K	$493K	10x	as long as short
MEXC ETHFI_USDT	+0.0024%	4h	0.7174	−0.111%	$15.1M	$3.8M	125x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.808%	$321	$51K	5.5x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7170	−0.164%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETHFI-USDT	+0.0093%	4h	0.7169	−0.181%	$1.2M	$292K	75x	as long as short
Bitget ETHFIUSDT	+0.0094%	4h	0.7181	−0.014%	$6.1M	$5.7M	75x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7181	−0.014%	$1.1M	$898K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7186	+0.061%	$18.2M	$8.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7175	−0.102%	$183K	$259K	10x	as long as short
Bybit ETHFIUSDTlong	+0.0100%	4h	0.7182	long leg	$18.3M	$13.0M	25x
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7185	+0.042%	$4.9M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7179	−0.042%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7175	−0.097%	$1.2M	$272K	50x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7178	−0.056%	—	$26.1M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7166	−0.229%	$1.0M	$755K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7174	−0.109%	$59K	$93K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7165	−0.237%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0304%	1h	0.7177	−0.070%	$31K	$6K	50x	as long as short