Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRnext payment +$1.49 per $10,000 · paid last 24h +0.015%
Price spread now: Bybit against HTX+0.323%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1051.051% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.323%, 7d avg +0.155%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.168% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.155%.
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 +$1.49 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 | HTX ETHFI-USDT | 0.7125 | −0.0199 | get 0.0099% / 4h | 2h 16m | $83K | $165K | 20x |
| Short | Bybit ETHFIUSDT | 0.7148 | 0.0100 | get 0.0050% / 4h | 2h 16m | $18.3M | $12.7M | 25x |
HTX ETHFI-USDT
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- $62.75
- Price spread: +0.323% → +0.155%
- $16.82
- Slippage, 4 orders
- −$82.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.56
- Costs to cover
- 1.051%
- Break-even
- 9.9 days
Slippage from HTX: live order book, 5 min ago; Bybit: live order book, 2 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 HTX live order book, 5 min ago | 14.73 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.40 bp | 23.1 bp −$23 | 55.4 bp −$554 | 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 | −0.0728% | 1h | 0.7151 | +0.365% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7160 | +0.486% | $282K | $144K | 20x | as long as short |
| HTX ETHFI-USDTlong | −0.0199% | 4h | 0.7125 | long leg | $83K | $165K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0172% | 4h | 0.7148 | +0.323% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.614% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0040% | 8h | 0.7144 | +0.263% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0042% | 4h | 0.7149 | +0.337% | $6.1M | $5.6M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7142 | +0.242% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7144 | +0.267% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7143 | +0.256% | $24.9M | $37.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7151 | +0.359% | $1.1M | $909K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7152 | +0.379% | $18.3M | $8.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7148 | +0.324% | $183K | $255K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7148 | +0.323% | $18.3M | $12.7M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7149 | +0.337% | $4.9M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7151 | +0.365% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7147 | +0.309% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7147 | +0.309% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7150 | +0.345% | $1.0M | $722K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7152 | +0.373% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.393% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7146 | +0.291% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7157 | +0.449% | $31K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7145 | +0.281% | $1.3M | $295K | 75x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT