Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0416%/8h= +45.5% APRnext payment +$2.08 per $10,000 · paid last 24h +0.091%
Price spread now: BloFin against HTX+0.083%59s7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1341.344% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.587%+$59 on $10k
Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.083%, 7d avg +0.126%
Together, before fees+0.585%+$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.042% cheaper against HTX than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.126%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETHFI-USDT0.7208−0.0076get 0.0038% / 4h2h 47m$84K$151K20x
ShortBloFin ETHFI-USDT0.72140.0340get 0.0170% / 4h2h 47m$1.3M$289K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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
$87.33
Price spread: +0.083% → +0.126%
−$4.23
Slippage, 4 orders
−$110.43
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$51.33
Costs to cover
1.344%
Break-even
11.1 days
Slippage from HTX: live order book, 38 min ago; BloFin: live order book, 4 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 HTX live order book, 38 min ago35.02 bp42.2 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.69 bp14.3 bp −$1426.4 bp −$26477.0 bp −$7,696doesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0579%1h0.7228+0.277%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0211%1h0.7231+0.325%$282K$131K20xas long as short
Orderly PERP_ETHFI_USDC−0.0150%4h0.7224+0.222%$17K$1K10xas long as short
HTX ETHFI-USDTlong−0.0076%4h0.7208long leg$84K$151K20x
Bitget ETHFIUSDT+0.0004%4h0.7224+0.222%$6.2M$5.5M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.444%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0039%8h0.7223+0.205%$6K5xas long as short
Variational Omni ETHFI+0.0056%4h0.7218+0.132%$1.1M$709Kas long as short
Lighter ETHFI+0.0096%1h0.7229+0.294%$1.1M$881K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7236+0.391%$19.7M$7.4M5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDT+0.0100%4h0.7233+0.341%$184K$237K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7225+0.238%$25.5M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7234+0.361%$18.6M$12.4M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7231+0.319%$4.9M$12.0M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7229+0.291%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7225+0.236%$15.3M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7223+0.208%$1.2M$269K50xas long as short
BingX ETHFI-USDC+0.0100%4h0.7230+0.305%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7236+0.393%$57K$81K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7229+0.291%$2K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7224+0.228%$101K$488K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7232+0.336%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7268+0.832%$32K$9K50xas long as short
BloFin ETHFI-USDTshort+0.0340%4h0.7214+0.083%$1.3M$289K75x