Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.85 per $10,000 · paid last 24h −0.063%
Price spread now: HTX against Bybit−0.156%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.156%, 7d avg −0.156%
=The price spread sits at its 7-day average of −0.156%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7041 | −0.0140 | get 0.0070% / 4h | 2h 07m | $17.6M | $13.0M | 25x |
| Short | HTX ETHFI-USDT | 0.7030 | −0.0309 | pay 0.0155% / 4h | 2h 07m | $81K | $171K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.6
- Price spread: −0.156% → −0.156%
- −$0.05
- Slippage, 4 orders
- −$89.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$148.4
- Costs to cover
- 1.127%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 39 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 0.71 bp | 15.3 bp −$15 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell HTX live order book, 39 min ago | 12.96 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSD | −0.0405% | 1h | 0.7062 | +0.298% | $290K | $286K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0317% | 1h | 0.7047 | +0.085% | $40K | $10K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0309% | 4h | 0.7030 | −0.156% | $81K | $171K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0261% | 4h | 0.7044 | +0.043% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0147% | 4h | 0.7038 | −0.039% | $934K | $782K | — | as long as short |
| Bybit ETHFIUSDTlong | −0.0140% | 4h | 0.7041 | long leg | $17.6M | $13.0M | 25x | |
| Extended ETHFI-USD | −0.0032% | 1h | 0.7042 | +0.015% | $97K | $504K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0029% | 4h | 0.7041 | +0.007% | $24.5M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0028% | 4h | 0.7043 | +0.028% | $15.7M | $4.2M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | 0.0000% | 8h | 0.7032 | −0.122% | $6K | — | 5x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.826% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7040 | −0.010% | $8K | — | 3x | as long as short |
| Aster ETHFIUSDT | +0.0078% | 4h | 0.7044 | +0.036% | $180K | $261K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7047 | +0.092% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7046 | +0.075% | $17.1M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7042 | +0.014% | $5.2M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7049 | +0.114% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7041 | 0.000% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7045 | +0.057% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7043 | +0.028% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7042 | +0.020% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7049 | +0.114% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0211% | 4h | 0.7033 | −0.114% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7066 | +0.355% | $32K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Aster ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX