Funding you earn now, next payment 09:00 UTC−0.0926%/8h= −101.4% APRpaid last 24h −0.047%
Price spread now: HTX against Kraken Futures−0.230%7-day average −0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1711.715% of the position
Funding, last 7 days−0.485%−$49 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.230%, 7d avg −0.212%
=The price spread sits at its 7-day average of −0.212%, so right now this pair is about funding alone: −$28 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 -0.485% in total (about -25.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.7027 | 0.0860 | pay 0.0107% / 1h | 1m 27s | $299K | $293K | 20x |
| Short | HTX ETHFI-USDT | 0.7011 | −0.0067 | pay 0.0033% / 4h | 3h 01m | $83K | $142K | 20x |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kraken Futures. 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
- −$194.55
- Price spread: −0.230% → −0.212%
- −$1.72
- Slippage, 4 orders
- −$149.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$367.77
- Costs to cover
- 1.715%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 31 min ago; HTX: live order book, 30 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 Kraken Futures live order book, 31 min ago | 20.15 bp | 56.4 bp −$56 | 185.3 bp −$1,853 | doesn't fit | doesn't fit |
| Sell HTX live order book, 30 min ago | 7.94 bp | 22.1 bp −$22 | doesn't fit | 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 | −0.0320% | 1h | 0.7017 | −0.144% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0276% | 4h | 0.7015 | −0.173% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0250% | 4h | 0.7024 | −0.040% | $937K | $768K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0078% | 8h | 0.7020 | −0.104% | $6K | — | 5x | as long as short |
| HTX ETHFI-USDTshort | −0.0067% | 4h | 0.7011 | −0.230% | $83K | $142K | 20x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.029% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0042% | 4h | 0.7019 | −0.116% | $17.2M | $12.3M | 25x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7019 | −0.122% | $108K | $510K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0066% | 4h | 0.7020 | −0.101% | $15.8M | $4.3M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0070% | 4h | 0.7020 | −0.101% | $24.6M | $34.6M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Bybit 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 | 0.7031 | +0.054% | $1.1M | $838K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7015 | −0.173% | $8K | — | 3x | as long as short |
| Aster ETHFIUSDT | +0.0099% | 4h | 0.7029 | +0.020% | $180K | $199K | 10x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7030 | +0.035% | $16.9M | $8.6M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7025 | −0.030% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7024 | −0.045% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7017 | −0.144% | $1.2M | $205K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7020 | −0.101% | $6.1M | $4.1M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7024 | −0.045% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7028 | +0.012% | $53K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7021 | −0.087% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0268% | 4h | 0.7018 | −0.130% | $1.2M | $234K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.7040 | +0.183% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0860% | 1h | 0.7027 | long leg | $299K | $293K | 20x |
Lighter ETHFI
Aevo ETHFI-PERP
Aster ETHFIUSDT
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX