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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 05:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h +0.008%
Price spread now: HTX against SoDEX−0.018%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on SoDEXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.018%, 7d avg −0.004%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,730.70.0084pay 0.0010% / 1h17m 47s$54.4M$187.8M40x
ShortHTX ETH-USDT2,730.2−0.0015pay 0.0015% / 8h3h 17m$1.06B$1.20B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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
−$20.87
Price spread: −0.018% → −0.004%
−$1.43
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$42.7
Costs to cover
0.204%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; HTX: live order book, 1 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 SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.2 bp −$426.0 bp −$60133.7 bp −$16.8K
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$607.8 bp −$77911.2 bp −$5,593

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−0.0335%43m2,729.6−0.039%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731+0.011%$5K$1K50xas long as short
HTX ETH-USDTshort−0.0015%8h2,730.2−0.018%$1.06B$1.20B200x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9+0.007%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.7+0.037%$817K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,730.8+0.004%$6.4M$685.2M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.1+0.013%$28.0M—200xas long as short
dYdX ETH-USD+0.0007%1h2,732.6+0.068%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0026%1h2,730.5−0.009%$178K$1.7M20xas long as short
BingX ETH-USDC+0.0030%8h2,730.9+0.005%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,731.4+0.025%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.2−0.018%$187K$814K50xas long as short
KuCoin ETHUSDTM+0.0065%8h2,731.7+0.036%$377.6M$574.8M100xas long as short
SunX ETH-USDT+0.0065%8h2,728.4−0.085%$957K$11.2M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,731.7+0.037%$1.67B$10.76B100xas long as short
Aevo ETH-PERP+0.0080%1h2,730.6−0.005%$4.9M$155K20xas long as short
Deribit ETH-PERPETUAL+0.0080%1h2,732.1+0.050%$258.6M$201.8M50xas long as short
Aster ETHUSDT+0.0080%8h2,731.7+0.037%$250.9M$840.2M200xas long as short
SoDEX ETH-USDlong+0.0084%1h2,730.7long leg$54.4M$187.8M40x
ApeX Omni ETHUSDT+0.0085%1h2,730.9+0.008%$8.6M$31.1M100xas long as short
MEXC ETH_USDT+0.0087%8h2,731.5+0.028%$1.55B$2.57B500xas long as short
Phemex ETHUSDT+0.0087%8h2,731.1+0.016%$264.7M$64.9M150xas long as short
Binance ETHUSDT+0.0088%8h2,731.8+0.042%$6.33B$15.94B150xas long as short
Lighter ETH+0.0096%1h2,732.2+0.056%$112.4M$434.9M50xas long as short
Lighter RH ETH+0.0096%1h2,733.7+0.108%$23.4M$104.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729.9−0.030%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,731.2+0.018%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.5−0.044%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.4−0.010%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.6−0.042%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.2+0.128%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730.6−0.004%$31.9M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.4−0.048%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.1−0.022%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2−0.091%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.2+0.055%$3.33B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.4+0.062%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.9+0.007%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,730.3−0.013%$134.3M$322.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,729−0.062%$183.6M$672.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.4+0.027%$158.9M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,730.4−0.011%$21.0M$69.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.1+0.016%—$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.3+0.059%$11.2M$9.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731+0.011%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.7+0.075%$41.0M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,730.4−0.010%$30.5M$73.4M50xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,731.4+0.025%$30K$20K20xas long as short
RISEx ETH/USDC+0.0107%1h2,730−0.027%$5.6M$11.8M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.6+0.069%$50.6M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,731.7+0.036%$83.6M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0192%8h2,732.8+0.078%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,729.6−0.040%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,731.2+0.020%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,730.6−0.004%$283.0M$174.8M150xas long as short