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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.036%
Price spread now: Hyperliquid against HTX+0.273%7-day average +0.272% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.190%+$19 on $10k
Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.273%, 7d avg +0.272%
Together, before fees+0.195%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.272%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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-USDT0.7183−0.0306get 0.0153% / 4h1h 02m$83K$165K20x
ShortHyperliquid ETHFI0.72030.0100get 0.0013% / 1h2m 34s$18.2M$8.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$85.33
Price spread: +0.273% → +0.272%
$0.09
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$64.42
Costs to cover
0.210%
Break-even
1.7 days
Slippage unknown: HTX: live order book, 14 min ago; Hyperliquid: live order book, 10 min ago. Net counts fees only.

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, 14 min ago13.29 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.56 bpdoesn't fitdoesn't fitdoesn'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−0.0445%1h0.7194+0.153%$42K$18K10xas long as short
HTX ETHFI-USDTlong−0.0306%4h0.7183long leg$83K$165K20x
Kraken Futures PF_ETHFIUSD−0.0251%1h0.7201+0.256%$283K$148K20xas long as short
Orderly PERP_ETHFI_USDC−0.0191%4h0.7190+0.097%$16K$1K10xas long as short
MEXC ETHFI_USDT+0.0020%4h0.7190+0.097%$15.2M$3.8M125xas long as short
Binance ETHFIUSDT+0.0023%4h0.7189+0.084%$24.9M$37.2M75xas long as short
Extended ETHFI-USD+0.0024%1h0.7189+0.079%$93K$493K10xas long as short
Paradex ETHFI-USD-PERP+0.0033%8h0.7190+0.094%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.794%$321$51K5.5xas long as short
BloFin ETHFI-USDT+0.0086%4h0.7189+0.084%$1.2M$293K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7198+0.216%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7198+0.203%$1.1M$898K5xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.7203+0.273%$18.2M$8.9M5x
Aster ETHFIUSDT+0.0100%4h0.7194+0.153%$184K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7194+0.153%$18.3M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7193+0.139%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7194+0.153%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7198+0.209%$1.2M$272K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7192+0.125%$6.1M$5.7M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7193+0.139%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7181−0.027%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7191+0.111%$60K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7190+0.097%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7198+0.209%$31K$6K50xas long as short