Funding you earn now, next payment 08:00 UTC+0.0399%/8h= +43.6% APRnext payment +$1.99 per $10,000 · paid last 24h +0.066%
Price spread now: KuCoin against HTX+0.100%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1571.575% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.100%, 7d avg +0.145%
=Funding pays, the price is against you. KuCoin is 0.045% cheaper against HTX than usual: you would sell low and buy high (spread +0.100% now, against its 7-day average of +0.145%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.167% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.167% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 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 | 0.7001 | −0.0299 | get 0.0149% / 4h | 3h 07m | $82K | $180K | 20x |
| Short | KuCoin ETHFIUSDTM | 0.7008 | 0.0100 | get 0.0050% / 4h | 3h 07m | $1.2M | $226K | 50x |
HTX ETHFI-USDT
KuCoin ETHFIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $83.69
- Price spread: +0.100% → +0.145%
- −$4.45
- Slippage, 4 orders
- −$133.49
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.25
- Costs to cover
- 1.575%
- Break-even
- 13.5 days
Slippage from HTX: live order book, 44 min ago; KuCoin: 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, 44 min ago | 11.39 bp | 20.2 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.13 bp | 50.5 bp −$51 | 160.5 bp −$1,605 | 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 | −0.0462% | 1h | 0.7015 | +0.200% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0306% | 1h | 0.7018 | +0.237% | $259K | $214K | 20x | as long as short |
| HTX ETHFI-USDTlong | −0.0299% | 4h | 0.7001 | long leg | $82K | $180K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0253% | 4h | 0.7011 | +0.143% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0193% | 4h | 0.7009 | +0.114% | $17.4M | $12.5M | 25x | as long as short |
| Variational Omni ETHFI | −0.0034% | 4h | 0.7021 | +0.289% | $980K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7007 | +0.089% | $95K | $453K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0032% | 4h | 0.7011 | +0.143% | $15.8M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0033% | 4h | 0.7009 | +0.114% | $24.4M | $34.7M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.414% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0052% | 8h | 0.7007 | +0.079% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7010 | +0.129% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7019 | +0.261% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7016 | +0.220% | $17.4M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7010 | +0.129% | $179K | $230K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7019 | +0.257% | $5.1M | $12.1M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7013 | +0.171% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.7008 | +0.100% | $1.2M | $226K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7011 | +0.143% | $6.0M | $5.1M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7013 | +0.171% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7009 | +0.121% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7012 | +0.157% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0132% | 4h | 0.7006 | +0.071% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.757% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX