Funding you earn now, next payment 09:00 UTC−0.0418%/8h= −45.7% APRpaid last 24h −0.095%
Price spread now: HTX against Polymarket Perps−0.257%7-day average −0.225% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$910.915% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.257%, 7d avg −0.225%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.032% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.225%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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 | Polymarket Perps ETHFI-USD | 0.6996 | 0.0100 | pay 0.0013% / 1h | 14m 47s | $53K | $148K | 5x |
| Short | HTX ETHFI-USDT | 0.6978 | −0.0318 | pay 0.0159% / 4h | 3h 14m | $83K | $143K | 20x |
Polymarket Perps ETHFI-USD
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Polymarket Perps. 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
- −$87.71
- Price spread: −0.257% → −0.225%
- −$3.23
- Slippage, 4 orders
- −$71.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$182.44
- Costs to cover
- 0.915%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 48 min ago; HTX: live order book, 17 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 Polymarket Perps live order book, 48 min ago | 2.87 bp | 12.0 bp −$12 | 1601.9 bp −$16.0K | doesn't fit | doesn't fit |
| Sell HTX live order book, 17 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 | −0.0465% | 1h | 0.6989 | −0.100% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0318% | 4h | 0.6978 | −0.257% | $83K | $143K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0277% | 4h | 0.6986 | −0.143% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0209% | 4h | 0.6996 | 0.000% | $933K | $786K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0058% | 8h | 0.6992 | −0.056% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.488% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0054% | 4h | 0.6999 | +0.043% | $15.9M | $4.3M | 125x | as long as short |
| Aster ETHFIUSDT | +0.0055% | 4h | 0.7005 | +0.125% | $179K | $228K | 10x | as long as short |
| Extended ETHFI-USD | +0.0056% | 1h | 0.6994 | −0.026% | $95K | $501K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0060% | 4h | 0.7005 | +0.129% | $24.5M | $35.4M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Aster ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7000 | +0.060% | $1.1M | $836K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.6988 | −0.121% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7015 | +0.267% | $16.8M | $8.7M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7011 | +0.214% | $17.1M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7013 | +0.243% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7008 | +0.172% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7003 | +0.100% | $1.2M | $209K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7008 | +0.172% | $6.1M | $4.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7005 | +0.129% | — | $10.6M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.6996 | long leg | $53K | $148K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6993 | −0.043% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0239% | 4h | 0.6990 | −0.086% | $1.2M | $233K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.7020 | +0.343% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0863% | 1h | 0.7003 | +0.102% | $297K | $294K | 20x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD