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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: HTX against SunX+0.032%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.225% of the position
Long on SunXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.032%, 7d avg +0.003%
Together, before fees−0.045%−$4 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: HTX is 0.029% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,742.30.0100pay 0.0100% / 8h5h 07m$961K$11.4M100x
ShortHTX ETH-USDT2,743.10.0100get 0.0100% / 8h5h 07m$1.06B$1.18B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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
Price spread: +0.032% → +0.003%
$2.91
Slippage, 4 orders
−$2.49
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$19.58
Costs to cover
0.225%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; HTX: live order book, 2 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 SunX live order book, 12 min ago0.20 bp6.3 bp −$66.8 bp −$689.6 bp −$96014.7 bp −$7,338
Sell HTX live order book, 2 min ago0.02 bp6.0 bp −$66.4 bp −$649.4 bp −$93713.1 bp −$6,534

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%1h2,742.9+0.023%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.243%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.8+0.057%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,742.9+0.023%$304K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,742−0.008%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,744.6+0.086%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,744.6+0.085%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,742.2−0.002%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,743.4+0.041%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0054%8h2,741.4−0.031%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,741.1−0.042%$1.70B$10.54B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,741.8−0.016%$381.9M$575.2M100xas long as short
Bullet ETH-USD+0.0073%1h2,743.2+0.033%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,742.3+0.002%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0085%8h2,741.7−0.020%$253.7M$840.7M200xas long as short
SoDEX ETH-USD+0.0087%1h2,743.3+0.038%$54.6M$187.5M40xas long as short
MEXC ETH_USDT+0.0093%8h2,741.5−0.027%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,741.5−0.027%$6.37B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,742.1−0.007%$112.6M$436.2M50xas long as short
Lighter RH ETH+0.0096%1h2,743.2+0.032%$24.6M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.5+0.010%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,740.3−0.070%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.7+0.089%$54.5M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,745.4+0.114%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.9−0.013%$474K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.6−0.023%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.6+0.049%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.005%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.2−0.039%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.7−0.020%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.2−0.001%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.157%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.8−0.016%$3.39B$8.78B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.6−0.024%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.5+0.008%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1+0.031%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.3+0.037%$182.3M$665.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.053%$159.5M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,743.8+0.056%$21.2M$68.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.5+0.010%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.9+0.023%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,745.4+0.114%$41.5M$29.7M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,742.3long leg$961K$11.4M100x
HTX ETH-USDTshort+0.0100%8h2,743.1+0.032%$1.06B$1.18B200x
Phemex ETHUSDT+0.0100%8h2,743.5+0.044%$266.6M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,740.9−0.051%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0137%1h2,744.9+0.095%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,743.8+0.056%$7.7M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,745.8+0.127%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0202%1h2,745.1+0.102%$260.0M$195.6M50xas long as short
BloFin ETH-USDT+0.0215%8h2,743.2+0.036%$284.9M$179.7M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.4+0.076%$86.5M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,740.7−0.057%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,744.1+0.066%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0346%1h2,744.1+0.067%$21K$20K25xas long as short