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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.181%−$18 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHFIUSDT0.7041−0.0140get 0.0070% / 4h2h 07m$17.6M$13.0M25x
ShortHTX ETHFI-USDT0.7030−0.0309pay 0.0155% / 4h2h 07m$81K$171K20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago0.71 bp15.3 bp −$1540.6 bp −$406doesn't fitdoesn't fit
Sell HTX live order book, 39 min ago12.96 bp30.7 bp −$31doesn't fitdoesn't fitdoesn't fit

ETHFI on 24 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
Kraken Futures PF_ETHFIUSD−0.0405%1h0.7062+0.298%$290K$286K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0317%1h0.7047+0.085%$40K$10K10xas long as short
HTX ETHFI-USDTshort−0.0309%4h0.7030−0.156%$81K$171K20x
Orderly PERP_ETHFI_USDC−0.0261%4h0.7044+0.043%$16K$1K10xas long as short
Variational Omni ETHFI−0.0147%4h0.7038−0.039%$934K$782Kas long as short
Bybit ETHFIUSDTlong−0.0140%4h0.7041long leg$17.6M$13.0M25x
Extended ETHFI-USD−0.0032%1h0.7042+0.015%$97K$504K10xas long as short
Binance ETHFIUSDT−0.0029%4h0.7041+0.007%$24.5M$35.8M75xas long as short
MEXC ETHFI_USDT−0.0028%4h0.7043+0.028%$15.7M$4.2M125xas long as short
Paradex ETHFI-USD-PERP0.0000%8h0.7032−0.122%$6K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.826%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.7040−0.010%$8K3xas long as short
Aster ETHFIUSDT+0.0078%4h0.7044+0.036%$180K$261K10xas long as short
Lighter ETHFI+0.0096%1h0.7047+0.092%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7046+0.075%$17.1M$8.5M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7042+0.014%$5.2M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7049+0.114%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.70410.000%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7045+0.057%$6.1M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7043+0.028%$8.8Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7042+0.020%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7049+0.114%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0211%4h0.7033−0.114%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7066+0.355%$32K$6K50xas long as short