Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2410 | +0.0825 | pay 0.0103% / 1h | 56m 33s | $248K | $501K | 10x | Long Arcus5% off | |
| SHORT | 0.2410 | +0.0100 | get 0.0050% / 4h | 3h 56m | $37K | $188K | 20x | Short HTX |
Price gap+0.012%
Funding gap−0.0725% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $22 a day and eats that in about 3 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$78−0.0725% /8h now · paid −0.778% over the last 5 days (all we have)
Price+$3spread +0.012% now, avg −0.018% → +0.030% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$75−0.75%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
HTX price against Arcusnow
RANGE STATS · 7D
Now+0.012%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUSELESS on 26 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size20.4 / 1137.2 bpAt $10k entering HTX costs 1137.2 bp, fee and slippage, 55.8× Arcus’s.
- Note: Margin at max leverage$1,000 + $500Arcus 10x, HTX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$21.74Long Arcus: 24 payments, −$24.74; short HTX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.012% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$37K vs $248K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCArcus No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0490%/8h × 21 periods−$102.90
Price spread+0.012% → −0.018% (7d avg)+$3.03
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Arcus bp × 2 orders−$4.50
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Arcus: live order book, 12 min ago; HTX: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus4.1720.4 bp−$2043.3 bp−$433doesn’t fitdoesn’t fit
SELL · SHORTHTX58.491137.2 bp−$1,137doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Nado