Funding you earn now, next payment 04:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.038%
Price spread now: HTX against Gate−0.056%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1361.360% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)−0.152%−$15 · spread now −0.056%, 7d avg −0.155%
=The price spread pays, funding is against you. HTX is 0.099% dearer against Gate than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.155%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.054% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 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 | Gate ETHFI_USDT | 0.7139 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $1.7M | $2.0M | 75x |
| Short | HTX ETHFI-USDT | 0.7135 | −0.0106 | pay 0.0053% / 4h | 2h 05m | $88K | $168K | 20x |
Gate ETHFI_USDT
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Gate. 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
- −$43.28
- Price spread: −0.056% → −0.155%
- $9.89
- Slippage, 4 orders
- −$108.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$169.35
- Costs to cover
- 1.360%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; HTX: live order book, 60 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 Gate live order book, 2 min ago | 2.80 bp | 27.1 bp −$27 | 215.0 bp −$2,150 | doesn't fit | doesn't fit |
| Sell HTX live order book, 60 min ago | 22.92 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 23 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 | −0.0450% | 1h | 0.7139 | 0.000% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0202% | 4h | 0.7138 | −0.014% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0106% | 4h | 0.7135 | −0.056% | $88K | $168K | 20x | |
| Variational Omni ETHFI | +0.0030% | 4h | 0.7139 | −0.003% | $1.1M | $717K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.415% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0063% | 8h | 0.7134 | −0.065% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7147 | +0.116% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7143 | +0.059% | $17.9M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7140 | +0.016% | $182K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7133 | −0.084% | $24.8M | $36.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7138 | −0.014% | $17.9M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7141 | +0.028% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7139 | long leg | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7137 | −0.028% | $15.4M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7135 | −0.056% | $1.2M | $258K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7137 | −0.028% | $6.1M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7138 | −0.014% | — | $26.0M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7157 | +0.249% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7140 | +0.014% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7132 | −0.094% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7135 | −0.056% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.597% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7148 | +0.129% | $274K | $188K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD