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+0.0142%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h −0.007%
Price spread now: Orderly against HTX+0.129%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.129% dearer against HTX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETHFI-USDT0.6951−0.0406get 0.0203% / 4h2h 35m$81K$183K20x
ShortOrderly PERP_ETHFI_USDC0.6960−0.0264pay 0.0132% / 4h2h 35m$16K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against HTX. 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
$29.77
Price spread: +0.129% → 0.000%
$12.95
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$24.71
Costs to cover
0.180%
Break-even
1.2 days
Slippage unknown: HTX: live order book, 11 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 11 min ago12.96 bp49.0 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0410%1h0.6980+0.415%$286K$277K20xas long as short
HTX ETHFI-USDTlong−0.0406%4h0.6951long leg$81K$183K20x
Deribit ETHFI_USDC-PERPETUAL−0.0324%1h0.6964+0.187%$40K$10K10xas long as short
Bybit ETHFIUSDT−0.0279%4h0.6945−0.086%$17.3M$12.8M25xas long as short
Orderly PERP_ETHFI_USDCshort−0.0264%4h0.6960+0.129%$16K$1K10x
Variational Omni ETHFI−0.0121%4h0.6938−0.181%$906K$762Kas long as short
Binance ETHFIUSDT−0.0026%4h0.6948−0.045%$24.1M$35.6M75xas long as short
Extended ETHFI-USD−0.0024%1h0.6957+0.080%$94K$502K10xas long as short
MEXC ETHFI_USDT−0.0024%4h0.6952+0.014%$15.7M$4.1M125xas long as short
Aster ETHFIUSDT+0.0001%4h0.6958+0.100%$178K$260K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERP+0.0003%8h0.6959+0.113%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+4.158%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.6961+0.142%$8K3xas long as short
Lighter ETHFI+0.0096%1h0.6965+0.201%$1.1M$831K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.6955+0.052%$16.9M$8.4M5xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.6947−0.058%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.6961+0.144%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.6959+0.115%$1.2M$232K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.6950−0.014%$6.0M$5.3M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.6958+0.101%$1.2Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.6959+0.114%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.6964+0.187%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0214%4h0.6952+0.014%$1.2M$237K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7054+1.482%$31K$5K50xas long as short