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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0406%/8h= −44.4% APRpaid last 24h −0.062%
Price spread now: HTX against Extended+0.028%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.159%−$16 on $10k
Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.028%, 7d avg −0.069%
Together, before fees−0.277%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.097% dearer against Extended than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.069%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.159% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETHFI-USD0.6952−0.0016get 0.0002% / 1h10m 00s$95K$505K10x
ShortHTX ETHFI-USDT0.6954−0.0422pay 0.0211% / 4h1h 10m$83K$174K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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
−$85.23
Price spread: +0.028% → −0.069%
$9.7
Slippage, 4 orders
−$91.39
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$183.92
Costs to cover
1.084%
Break-even
never at this rate
Slippage from Extended: live order book, 33 min ago; HTX: live order book, 31 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 Extended live order book, 33 min ago2.53 bp18.5 bp −$18155.9 bp −$1,559doesn't fitdoesn't fit
Sell HTX live order book, 31 min ago10.81 bp24.4 bp −$24doesn'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
Deribit ETHFI_USDC-PERPETUAL−0.0611%1h0.6961+0.129%$41K$11K10xas long as short
HTX ETHFI-USDTshort−0.0422%4h0.6954+0.028%$83K$174K20x
Orderly PERP_ETHFI_USDC−0.0279%4h0.6959+0.100%$16K$1K10xas long as short
Variational Omni ETHFI−0.0131%4h0.6964+0.175%$916K$785Kas long as short
Extended ETHFI-USDlong−0.0016%1h0.6952long leg$95K$505K10x
MEXC ETHFI_USDT−0.0014%4h0.6954+0.028%$15.8M$4.2M125xas long as short
Binance ETHFIUSDT−0.0013%4h0.6953+0.014%$24.2M$36.4M75xas long as short
Paradex ETHFI-USD-PERP−0.0010%8h0.6959+0.099%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.142%$321$51K5.5xas long as short
Bybit ETHFIUSDT+0.0040%4h0.6958+0.086%$17.2M$13.1M25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0080%1h0.6960+0.115%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6966+0.208%$1.1M$829K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6963+0.156%$16.7M$8.7M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.6958+0.091%$178K$262K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6963+0.158%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6962+0.143%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6955+0.043%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6955+0.043%$6.1M$4.9M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.6959+0.100%$10.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6964+0.178%$52K$149K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6967+0.215%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0226%4h0.6963+0.158%$1.2M$240K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0328%1h0.6978+0.373%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.1687%1h0.6974+0.318%$291K$295K20xas long as short