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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 04:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.008%
Price spread now: SoDEX against HTX+0.041%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on HTXShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.041%, 7d avg +0.004%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.037% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,731.40.0046pay 0.0046% / 8h4h 20m$1.06B$1.20B200x
ShortSoDEX ETH-USD2,732.50.0088get 0.0011% / 1h20m 51s$54.4M$187.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$8.66
Price spread: +0.041% → +0.004%
$3.7
Slippage, 4 orders
−$0.4
Fee HTX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$8.04
Costs to cover
0.204%
Break-even
13.5 days
Slippage from HTX: live order book, 3 min ago; SoDEX: 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 −$606.4 bp −$63910.9 bp −$5,438
Sell SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.4 bp −$446.1 bp −$61437.8 bp −$18.9K

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%43m2,732.7+0.048%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.103%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6+0.118%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.037%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.059%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.8+0.052%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.133%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.4+0.038%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,732+0.023%$178K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.131%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTlong+0.0046%8h2,731.4long leg$1.06B$1.20B200x
BingX ETH-USDT+0.0052%8h2,732.7+0.048%—$1.15B—as long as short
Bybit ETHUSDT+0.0063%8h2,731.8+0.014%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,732.3+0.032%$380.0M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,732.1+0.027%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0074%8h2,731.9+0.018%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0087%8h2,732.4+0.037%$250.9M$842.7M200xas long as short
SoDEX ETH-USDshort+0.0088%1h2,732.5+0.041%$54.4M$187.6M40x
MEXC ETH_USDT+0.0095%8h2,732.5+0.040%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,733.7+0.083%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,732.6+0.045%$112.8M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,733.6+0.082%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.9+0.057%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.063%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.199%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,732.6+0.046%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.015%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.2+0.032%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.118%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.5+0.078%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7+0.048%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.9+0.054%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.2+0.028%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732+0.023%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8+0.016%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5+0.003%$133.7M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.100%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.128%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.107%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.086%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.096%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.2+0.030%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.7+0.086%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.40.000%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.126%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,731.7+0.013%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.078%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734.7+0.120%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,733.9+0.093%$260.1M$195.7M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,732.5+0.041%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,734.4+0.110%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.8+0.015%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.1+0.062%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,735.3+0.143%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,732.1+0.027%$282.3M$175.5M150xas long as short