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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.009%
Price spread now: HTX against ApeX Omni−0.009%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Long on ApeX OmniShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now −0.009%, 7d avg −0.013%
Together, before fees+0.111%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,727.5−0.0064get 0.0008% / 1h28m 59s$8.6M$31.5M100x
ShortHTX ETH-USDT2,727.20.0012get 0.0012% / 8h1h 28m$1.05B$1.23B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.8
Price spread: −0.009% → −0.013%
$0.46
Slippage, 4 orders
−$2.48
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$8.22
Costs to cover
0.245%
Break-even
10.6 days
Slippage from ApeX Omni: live order book, 5 min ago; HTX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 5 min ago1.08 bp6.4 bp −$66.9 bp −$6928.3 bp −$2,82752.9 bp −$26.4K
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$608.6 bp −$86012.3 bp −$6,163

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,728.6+0.040%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729+0.056%$5K$1K50xas long as short
ApeX Omni ETHUSDTlong−0.0064%1h2,727.5long leg$8.6M$31.5M100x
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.004%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6+0.040%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,725.7−0.065%$811K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.9+0.053%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.1+0.059%$6.6M$686.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.1+0.023%$262.7M$214.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,728.5+0.038%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTshort+0.0012%8h2,727.2−0.009%$1.05B$1.23B200x
01 Exchange ETHUSD+0.0016%1h2,728.8+0.048%$191K$893K50xas long as short
BingX ETH-USDC+0.0026%8h2,727−0.018%—$18.6M—as long as short
Bybit ETHUSDT+0.0031%8h2,727.1−0.012%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0070%8h2,727.2−0.010%$374.7M$576.8M100xas long as short
Aster ETHUSDT+0.0081%8h2,727.3−0.005%$252.0M$848.4M200xas long as short
SoDEX ETH-USD+0.0082%1h2,727.1−0.014%$54.3M$187.3M40xas long as short
OKX ETH-USDT-SWAP+0.0086%8h2,727.4−0.005%$1.65B$10.90B100xas long as short
SunX ETH-USDT+0.0087%8h2,726.7−0.027%$957K$11.0M100xas long as short
Aevo ETH-PERP+0.0088%1h2,724.9−0.096%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0089%8h2,727.4−0.004%$1.53B$2.59B500xas long as short
Binance ETHUSDT+0.0090%8h2,727.4−0.004%$6.32B$16.15B150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,727.9+0.015%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.8+0.011%$112.0M$434.4M50xas long as short
Lighter RH ETH+0.0096%1h2,729+0.057%$23.5M$103.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.034%$510K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.5+0.186%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.1+0.023%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.6+0.078%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.4+0.069%$32.0M$332.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.7+0.008%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.1+0.060%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.7+0.008%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.4−0.003%$2.08B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727−0.018%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,727.4−0.003%$133.8M$323.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.8−0.024%$185.3M$682.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.2+0.026%$158.6M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728.3+0.030%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.070%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.9+0.052%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,727.4−0.004%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.5+0.036%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.007%$40.9M$30.3M15xas long as short
Phemex ETHUSDT+0.0100%8h2,727.3−0.007%$262.9M$64.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.047%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.028%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.2+0.062%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,728.4+0.034%$49.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.5+0.038%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,729.9+0.087%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0191%1h2,726.3−0.041%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,727.6+0.006%$82.3M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,729.3+0.066%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,727.3−0.008%$281.6M$175.3M150xas long as short