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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0327%/8h= +35.9% APRpaid last 24h +0.020%
Price spread now: Extended against HTX+0.118%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.118%, 7d avg +0.063%
Together, before fees+0.095%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.056% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.063%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETHFI-USDT0.7193−0.0303get 0.0152% / 4h58m 34s$83K$164K20x
ShortExtended ETHFI-USD0.72020.0024get 0.0003% / 1h58m 34s$93K$493K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$68.77
Price spread: +0.118% → +0.063%
$5.58
Slippage, 4 orders
−$86.16
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$28.82
Costs to cover
1.032%
Break-even
9.9 days
Slippage from HTX: live order book, 18 min ago; Extended: live order book, 19 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, 18 min ago13.29 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 19 min ago2.66 bp17.1 bp −$17137.9 bp −$1,379doesn't fitdoesn'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−0.0444%1h0.7200+0.097%$42K$18K10xas long as short
HTX ETHFI-USDTlong−0.0303%4h0.7193long leg$83K$164K20x
Orderly PERP_ETHFI_USDC−0.0193%4h0.7196+0.042%$16K$1K10xas long as short
Extended ETHFI-USDshort+0.0024%1h0.7202+0.118%$93K$493K10x
MEXC ETHFI_USDT+0.0026%4h0.7205+0.167%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0026%4h0.7204+0.153%$25.0M$37.2M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.653%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0039%8h0.7205+0.171%$6K5xas long as short
Aster ETHFIUSDT+0.0083%4h0.7204+0.155%$184K$259K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7218+0.349%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7208+0.211%$1.1M$892K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7218+0.346%$18.3M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7210+0.236%$18.3M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7209+0.222%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7209+0.222%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7206+0.181%$1.2M$273K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7205+0.167%$6.1M$5.7M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7209+0.222%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7199+0.084%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7207+0.193%$60K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7191−0.028%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0105%4h0.7192−0.014%$1.2M$293K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7198+0.070%$31K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0549%1h0.7210+0.230%$284K$149K20xas long as short