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+0.0434%/8h= +47.6% APRpaid last 24h +0.019%
Price spread now: Polymarket Perps against HTX+0.390%46s7-day average · 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+0.065%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Polymarket Perps is 0.390% dearer against HTX than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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-USDT0.7110−0.0334get 0.0167% / 4h9m 23s$83K$165K20x
ShortPolymarket Perps ETHFI-USD0.71380.0100get 0.0013% / 1h9m 23s$59K$94K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$91.23
Price spread: +0.390% → 0.000%
$38.96
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$110.19
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: HTX: live order book, 2 min ago; Polymarket Perps: no order-book sample. 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, 2 min ago39.99 bp47.4 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps no order-book sample
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0450%1h0.7136+0.366%$40K$14K10xas long as short
HTX ETHFI-USDTlong−0.0334%4h0.7110long leg$83K$165K20x
Orderly PERP_ETHFI_USDC−0.0189%4h0.7142+0.450%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP−0.0045%8h0.7127+0.234%$6K5xas long as short
Binance ETHFIUSDT+0.0019%4h0.7139+0.408%$24.9M$37.4M75xas long as short
MEXC ETHFI_USDT+0.0020%4h0.7138+0.394%$15.2M$3.8M125xas long as short
Extended ETHFI-USD+0.0024%1h0.7125+0.205%$92K$492K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.828%$321$51K5.5xas long as short
Variational Omni ETHFI+0.0045%4h0.7115+0.077%$1.0M$745Kas long as short
BloFin ETHFI-USDT+0.0082%4h0.7126+0.225%$1.3M$284K75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7140+0.422%$9K3xas long as short
Lighter ETHFI+0.0096%1h0.7140+0.416%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7138+0.390%$18.0M$9.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7134+0.342%$182K$259K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7141+0.436%$18.1M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7149+0.549%$4.9M$12.6M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7140+0.422%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7130+0.281%$1.2M$270K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7140+0.422%$6.1M$5.8M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7141+0.436%$26.1Mas long as short
Polymarket Perps ETHFI-USDshort+0.0100%1h0.7138+0.390%$59K$94K5x
SunX ETHFI-USDT+0.0100%4h0.7143+0.464%$2K$1.1M20xas long as short
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+1.786%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0555%1h0.7141+0.434%$275K$162K20xas long as short