Settings8H · net · $10k
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.003%
Price spread now: edgeX against HTX+0.008%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.229% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.008%, 7d avg −0.005%
Together, before fees+0.105%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,725.80.0011pay 0.0011% / 8h1h 31m$1.05B$1.23B200x
ShortedgeX ETHUSDC2,7260.0100get 0.0050% / 4h1h 31m$184.9M$681.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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
$18.78
Price spread: +0.008% → −0.005%
$1.33
Slippage, 4 orders
−$1.94
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$2.83
Costs to cover
0.229%
Break-even
8.1 days
Slippage from HTX: live order book, 3 min ago; edgeX: 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 HTX live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$606.7 bp −$6679.8 bp −$4,877
Sell edgeX live order book, 3 min ago0.09 bp6.3 bp −$67.1 bp −$717.2 bp −$7218.7 bp −$4,365

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%43m2,727+0.042%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.9+0.077%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0064%1h2,727.5+0.062%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.066%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.5+0.024%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,725.7−0.004%$811K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.5+0.064%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.044%$6.6M$688.1M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.7+0.031%$262.6M$215.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.5+0.024%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTlong+0.0011%8h2,725.8long leg$1.05B$1.23B200x
01 Exchange ETHUSD+0.0016%1h2,728.2+0.088%$191K$893K50xas long as short
BingX ETH-USDT+0.0026%8h2,728+0.079%$1.11Bas long as short
Bybit ETHUSDT+0.0033%8h2,728+0.081%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0071%8h2,727.9+0.078%$375.7M$577.0M100xas long as short
SoDEX ETH-USD+0.0074%1h2,725.80.000%$54.3M$187.3M40xas long as short
Aster ETHUSDT+0.0081%8h2,727.9+0.077%$252.1M$848.8M200xas long as short
SunX ETH-USDT+0.0086%8h2,725.4−0.013%$955K$11.0M100xas long as short
OKX ETH-USDT-SWAP+0.0087%8h2,728+0.081%$1.65B$10.91B100xas long as short
Aevo ETH-PERP+0.0088%1h2,723.5−0.086%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0089%8h2,728.2+0.087%$1.53B$2.59B500xas long as short
Binance ETHUSDT+0.0089%8h2,728.2+0.089%$6.33B$16.15B150xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,727.3+0.057%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.9+0.076%$112.0M$434.2M50xas long as short
Lighter RH ETH+0.0096%1h2,728.9+0.112%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.2+0.088%$510K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.3+0.204%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9+0.078%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.7+0.180%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728.7+0.107%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727+0.044%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.8+0.110%$1.5M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.2+0.089%$3.30B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728+0.079%$2.08B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.2+0.013%$15.0M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,724.8−0.038%$133.4M$324.2Mas long as short
edgeX ETHUSDCshort+0.0100%4h2,726+0.008%$184.9M$681.9M100x
GRVT ETH_USDT_Perp+0.0100%8h2,727.5+0.061%$158.5M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,727.2+0.051%$21.0M$69.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.2+0.124%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.132%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.2+0.087%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727+0.043%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3+0.055%$40.9M$30.3M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726+0.007%$262.7M$64.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.015%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,727.3+0.054%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,727.7+0.070%$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.2+0.050%$49.9M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.7+0.107%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.2+0.089%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0191%1h2,727.3+0.055%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.3+0.019%$82.4M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,727.2+0.052%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,727.9+0.076%$281.9M$175.4M150xas long as short