Funding you earn now, next payment 00:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.019%
Price spread now: HTX against KuCoin−0.140%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1601.603% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.037%−$4 · spread now −0.140%, 7d avg −0.145%
=The price spread sits at its 7-day average of −0.145%, so right now this pair is about funding alone: −$9 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 -0.122% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 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 | KuCoin ETHFIUSDTM | 0.7161 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.2M | $272K | 50x |
| Short | HTX ETHFI-USDT | 0.7151 | −0.0216 | pay 0.0108% / 4h | 1h 17m | $83K | $165K | 20x |
KuCoin ETHFIUSDTM
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against KuCoin. 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
- −$66.3
- Price spread: −0.140% → −0.145%
- $0.5
- Slippage, 4 orders
- −$136.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$226.06
- Costs to cover
- 1.603%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 63 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 KuCoin live order book, 2 min ago | 6.28 bp | 53.3 bp −$53 | 198.9 bp −$1,989 | doesn't fit | doesn't fit |
| Sell HTX live order book, 63 min ago | 14.73 bp | 39.3 bp −$39 | 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 | −0.0447% | 1h | 0.7169 | +0.112% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7177 | +0.221% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDTshort | −0.0216% | 4h | 0.7151 | −0.140% | $83K | $165K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0186% | 4h | 0.7165 | +0.056% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0028% | 8h | 0.7162 | +0.010% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0030% | 4h | 0.7160 | −0.014% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0030% | 4h | 0.7160 | −0.014% | $24.8M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7158 | −0.046% | $93K | $493K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.103% | $321 | $51K | 5.5x | as long as short |
| Bitget ETHFIUSDT | +0.0086% | 4h | 0.7159 | −0.028% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7163 | +0.033% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7170 | +0.120% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7172 | +0.152% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.015% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7163 | +0.028% | $18.2M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7164 | +0.042% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7163 | +0.028% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7161 | long leg | $1.2M | $272K | 50x | |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7162 | +0.014% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7166 | +0.064% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7164 | +0.042% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7166 | +0.070% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0121% | 4h | 0.7165 | +0.056% | $1.2M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.223% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX