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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 23:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against HTX+0.056%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Long on HTXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.056%, 7d avg +0.087%
Together, before fees+0.166%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.031% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,773.50.0098pay 0.0098% / 8h1h 53m$1.08B$1.32B200x
ShortHyperliquid ETH2,7750.0100get 0.0013% / 1h53m 35s$3.19B$2.38B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0.36
Price spread: +0.056% → +0.087%
−$3.06
Slippage, 4 orders
−$1.91
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$25.62
Costs to cover
0.229%
Break-even
508.6 days
Slippage from HTX: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago0.02 bp6.0 bp −$66.0 bp −$606.9 bp −$68811.1 bp −$5,566
Sell Hyperliquid live order book, 11 min ago0.18 bp4.7 bp −$54.7 bp −$474.7 bp −$4685.4 bp −$2,688

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−0.0447%43m2,775.2+0.063%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2−0.045%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.7+0.117%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.8+0.013%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.2+0.099%$169K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,775.6+0.078%$886K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.030%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,772.8−0.022%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.3+0.030%$22.4M—200xas long as short
BingX ETH-USDC+0.0018%8h2,772.3−0.042%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ETH-PERP+0.0018%1h2,775.5+0.075%$14.3M$118.8M50xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.5−0.034%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0023%8h2,773.2−0.010%$267.2M$65.9M150xas long as short
Hibachi ETH/USDT-P+0.0024%1h2,778.4+0.179%$277K$1.5M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.4+0.033%$13.2M—200xas long as short
Aster ETHUSDT+0.0033%8h2,773.6+0.007%$256.5M$993.6M200xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,774.9+0.052%$258.4M$225.0M50xas long as short
Bullet ETH-USD+0.0050%1h2,773.7+0.009%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0054%8h2,772.9−0.019%$6.43B$17.19B150xas long as short
MEXC ETH_USDT+0.0054%8h2,772.8−0.022%$1.61B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2−0.045%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,772.2−0.045%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,773−0.018%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0092%1h2,773.2−0.009%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,773.3−0.005%$115.0M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.047%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.121%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.047%$135.2M$326.5M—as long as short
HTX ETH-USDTlong+0.0098%8h2,773.5long leg$1.08B$1.32B200x
Paradex ETH-USD-PERP+0.0100%8h2,772.8−0.022%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9−0.020%$481K$2.8M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,775+0.056%$3.19B$2.38B25x
Pacifica ETH+0.0100%1h2,773.3−0.005%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.1−0.012%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5−0.034%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.027%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.090%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.1−0.012%$424.1M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2−0.010%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,768.2−0.191%$179.4M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.8−0.096%$161.2M$96.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,767.8−0.203%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,777+0.128%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,775.7+0.082%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.4+0.106%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.045%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.8+0.085%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9+0.053%$972K$14.1M100xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.062%$31.4M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.038%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.121%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.099%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.023%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.080%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,774.5+0.039%$7.4M$1.1M25xas long as short