Funding you earn now, next payment 12:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.075%
Price spread now: OKX against HTX+0.129%54s7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1061.063% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.129%, 7d avg +0.153%
=Funding pays, the price is against you. OKX is 0.024% cheaper against HTX than usual: you would sell low and buy high (spread +0.129% now, against its 7-day average of +0.153%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ETHFI-USDT | 0.6967 | −0.0009 | get 0.0004% / 4h | 1h 52m | $83K | $133K | 20x |
| Short | OKX ETHFI-USDT-SWAP | 0.6976 | 0.0100 | get 0.0050% / 4h | 1h 52m | $5.1M | $12.2M | 20x |
HTX ETHFI-USDT
OKX ETHFI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against HTX. 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
- $22.82
- Price spread: +0.129% → +0.153%
- −$2.38
- Slippage, 4 orders
- −$84.29
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$85.85
- Costs to cover
- 1.063%
- Break-even
- 33.3 days
Slippage from HTX: live order book, 57 min ago; OKX: live order book, 4 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 HTX live order book, 57 min ago | 19.41 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.87 bp | 13.5 bp −$14 | 36.5 bp −$365 | doesn't fit | doesn't fit |
ETHFI on 24 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0608% | 1h | 0.6983 | +0.230% | $42K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0309% | 4h | 0.6967 | 0.000% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0165% | 4h | 0.6971 | +0.061% | $930K | $711K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0010% | 8h | 0.6969 | +0.023% | $6K | — | 5x | as long as short |
| HTX ETHFI-USDTlong | −0.0009% | 4h | 0.6967 | long leg | $83K | $133K | 20x | |
| Extended ETHFI-USD | +0.0032% | 1h | 0.6969 | +0.024% | $110K | $499K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0032% | 4h | 0.6969 | +0.029% | $15.7M | $4.0M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0033% | 4h | 0.6968 | +0.014% | $24.5M | $32.0M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.918% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0042% | 4h | 0.6969 | +0.029% | $17.2M | $11.8M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6980 | +0.187% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6982 | +0.217% | $1.1M | $726K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6976 | +0.129% | $16.8M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6980 | +0.182% | $179K | $162K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.6976 | +0.129% | $5.1M | $12.2M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6974 | +0.100% | $1.7M | $1.7M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6974 | +0.100% | $1.2M | $180K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6971 | +0.057% | $6.2M | $3.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6972 | +0.072% | — | $11.5M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6976 | +0.129% | $52K | $148K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6990 | +0.330% | $2K | $1.0M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0143% | 4h | 0.6984 | +0.244% | $1.2M | $235K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0320% | 1h | 0.7040 | +1.048% | $32K | $5K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0573% | 1h | 0.6992 | +0.365% | $302K | $296K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
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
Kraken Futures PF_ETHFIUSD