Funding you earn now, next payment 08:00 UTC−0.0517%/8h= −56.6% APRnext payment −$2.58 per $10,000 · paid last 24h −0.049%
Price spread now: HTX against OKX−0.115%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1021.022% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.168%−$17 · spread now −0.115%, 7d avg −0.152%
=The price spread pays, funding is against you. HTX is 0.037% dearer against OKX than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.152%): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.144% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.58 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 | OKX ETHFI-USDT-SWAP | 0.6970 | 0.0100 | pay 0.0050% / 4h | 1h 06m | $5.1M | $12.7M | 20x |
| Short | HTX ETHFI-USDT | 0.6962 | −0.0417 | pay 0.0208% / 4h | 1h 06m | $83K | $174K | 20x |
OKX ETHFI-USDT-SWAP
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- −$108.54
- Price spread: −0.115% → −0.152%
- $3.74
- Slippage, 4 orders
- −$80.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$207.05
- Costs to cover
- 1.022%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; HTX: live order book, 35 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 OKX live order book, 2 min ago | 0.72 bp | 15.2 bp −$15 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell HTX live order book, 35 min ago | 10.81 bp | 24.4 bp −$24 | 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 | −0.0467% | 1h | 0.6964 | −0.086% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0417% | 4h | 0.6962 | −0.115% | $83K | $174K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0279% | 4h | 0.6966 | −0.057% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0131% | 4h | 0.6964 | −0.083% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0012% | 8h | 0.6967 | −0.038% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6967 | −0.043% | $15.9M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0011% | 4h | 0.6966 | −0.059% | $24.2M | $36.4M | 75x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6964 | −0.089% | $95K | $505K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.874% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0049% | 4h | 0.6970 | 0.000% | $17.3M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6960 | −0.143% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6973 | +0.039% | $1.1M | $832K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6976 | +0.086% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6972 | +0.031% | $178K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.6970 | long leg | $5.1M | $12.7M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6975 | +0.072% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6966 | −0.057% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6968 | −0.029% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6969 | −0.014% | — | $10.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6976 | +0.086% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6966 | −0.057% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0228% | 4h | 0.6943 | −0.387% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.115% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1686% | 1h | 0.6978 | +0.116% | $291K | $295K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD