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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.2% APRnext payment +$0.65 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against HTX+0.021%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.141% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.021%, 7d avg +0.013%
Together, before fees−0.026%−$3 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
LongHTX ETH-USDT2,732.90.0029pay 0.0029% / 8h1h 05m$1.05B$1.22B200x
ShortMEXC ETH_USDT2,733.40.0094get 0.0094% / 8h1h 05m$1.54B$2.61B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$13.73
Price spread: +0.021% → +0.013%
$0.8
Slippage, 4 orders
−$0.07
Fee HTX: 6 bp × 2 orders
−$12
Fee MEXC: 1 bp × 2 orders
−$2
Net
$0.46
Costs to cover
0.141%
Break-even
6.8 days
Slippage from HTX: live order book, 3 min ago; MEXC: 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 −$607.2 bp −$72510.6 bp −$5,313
Sell MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.7 bp −$1,372

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
Hotstuff ETH-PERP−0.0080%1h2,734.8+0.071%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.049%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.064%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.009%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,734.1+0.044%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,734.6+0.064%$6.6M$682.7M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.030%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.1+0.044%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.8+0.035%$33.0M200xas long as short
01 Exchange ETHUSD+0.0016%1h2,734.9+0.075%$192K$890K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0022%8h2,733+0.005%$1.10Bas long as short
ApeX Omni ETHUSDT+0.0025%1h2,731.9−0.033%$8.6M$31.5M100xas long as short
Bybit ETHUSDT+0.0027%8h2,732.7−0.005%$2.34B$4.38B150xas long as short
HTX ETH-USDTlong+0.0029%8h2,732.9long leg$1.05B$1.22B200x
KuCoin ETHUSDTM+0.0067%8h2,733.7+0.033%$380.9M$576.9M100xas long as short
SoDEX ETH-USD+0.0073%1h2,732.9+0.002%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,732.6−0.010%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,733+0.005%$253.1M$846.7M200xas long as short
Phemex ETHUSDT+0.0091%8h2,733.1+0.009%$263.1M$64.6M150xas long as short
Bullet ETH-USD+0.0091%1h2,733.1+0.009%$188K$1.7M20xas long as short
MEXC ETH_USDTshort+0.0094%8h2,733.4+0.021%$1.54B$2.61B500x
Binance ETHUSDT+0.0095%8h2,732.90.000%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.9+0.037%$112.8M$439.0M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.077%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.5−0.086%$4.9M$171K20xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,733.7+0.031%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.8+0.035%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.9+0.221%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,734+0.044%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.6+0.101%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,735.2+0.087%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9+0.038%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.9+0.075%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.038%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.3+0.015%$3.31B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.1+0.008%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.1+0.009%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5−0.012%$134.3M$320.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.3−0.056%$185.7M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6−0.008%$158.8M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,734.1+0.046%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.3+0.091%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.4+0.093%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.9+0.039%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.112%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.4+0.021%$959K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,732.5−0.014%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,734.7+0.068%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.054%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,734.9+0.075%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,733.2+0.014%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,735.7+0.103%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,733+0.006%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.5+0.025%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0380%8h2,734.4+0.056%$281.2M$175.8M150xas long as short