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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.036%
Price spread now: HTX against Hibachi−0.041%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Long on HibachiShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.250%+$25 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.041%, 7d avg −0.049%
Together, before fees+0.243%+ Points / potential airdropHibachi: Active · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi ETH/USDT-P2,728.40.0272pay 0.0034% / 1h50m 56s$245K$1.4M20x
ShortHTX ETH-USDT2,727.20.0009get 0.0009% / 8h1h 50m$1.05B$1.23B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hibachi. 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
−$55.31
Price spread: −0.041% → −0.049%
$0.78
Slippage, 4 orders
−$1.78
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$77.32
Costs to cover
0.228%
Break-even
never at this rate
Slippage from Hibachi: live order book, 3 min ago; HTX: live order book, 3 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 Hibachi live order book, 3 min ago0.02 bp5.4 bp −$58.7 bp −$87doesn't fitdoesn't fit
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.1 bp −$618.6 bp −$85811.8 bp −$5,884

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%43m2,725.6−0.101%$287K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.4−0.071%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,727.4−0.034%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,729.2+0.031%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.3−0.040%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729.8+0.053%$815K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,726.9−0.053%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727−0.049%$6.7M$692.1M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.1−0.010%$261.8M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,727.3−0.038%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTshort+0.0009%8h2,727.2−0.041%$1.05B$1.23B200x
01 Exchange ETHUSD+0.0032%1h2,726.4−0.071%$191K$892K50xas long as short
BingX ETH-USDC+0.0034%8h2,728.4+0.002%—$18.6M—as long as short
Bybit ETHUSDT+0.0039%8h2,728.6+0.009%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,730.2+0.068%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0078%8h2,727.3−0.038%$375.1M$576.1M100xas long as short
SunX ETH-USDT+0.0087%8h2,725.3−0.110%$955K$11.1M100xas long as short
SoDEX ETH-USD+0.0090%1h2,727.3−0.038%$54.3M$187.5M40xas long as short
Aster ETHUSDT+0.0090%8h2,729+0.025%$252.2M$849.5M200xas long as short
OKX ETH-USDT-SWAP+0.0093%8h2,728.8+0.018%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,728.4+0.001%$112.1M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,729.1+0.027%$23.4M$102.7M50xas long as short
Aevo ETH-PERP+0.0096%1h2,724.8−0.130%$4.9M$161K20xas long as short
Binance ETHUSDT+0.0098%8h2,729+0.023%$6.33B$16.18B150xas long as short
MEXC ETH_USDT+0.0099%8h2,728.4+0.001%$1.52B$2.58B500xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8−0.093%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.2+0.069%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.4−0.072%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.4+0.112%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.1−0.047%$31.9M$334.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.093%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.7−0.062%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9−0.090%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.1+0.026%$3.27B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.9+0.021%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.7+0.012%$15.0M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3+0.036%$134.0M$326.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.6−0.026%$184.9M$681.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.8−0.020%$158.5M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,727.5−0.031%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.8−0.019%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2−0.005%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,727−0.051%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2−0.042%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,729+0.024%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.1−0.008%$263.0M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,728.1−0.009%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,726.7−0.060%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729+0.022%$50.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.6−0.063%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,729.4+0.037%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0194%1h2,725.9−0.088%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.4+0.001%$83.3M$311.2M100xas long as short
Hibachi ETH/USDT-Plong+0.0272%1h2,728.4long leg$245K$1.4M20x
BloFin ETH-USDT+0.0392%8h2,728.3−0.002%$282.1M$175.1M150xas long as short