Funding you earn now, next payment 06:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.031%
Price spread now: HTX against Kraken Futures−0.334%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1451.450% of the position
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.334%, 7d avg −0.208%
=Funding pays, the price is against you. HTX is 0.126% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.334% now, against its 7-day average of −0.208%). If the spread goes back, that is −$13 on $10k: about 3.9 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.459%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETHFIUSD | 0.6922 | −0.0413 | get 0.0052% / 1h | 24m 53s | $284K | $285K | 20x |
| Short | HTX ETHFI-USDT | 0.6899 | −0.0306 | pay 0.0153% / 4h | 2h 24m | $80K | $183K | 20x |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kraken Futures. 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
- $22.58
- Price spread: −0.334% → −0.208%
- −$12.57
- Slippage, 4 orders
- −$123
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$134.99
- Costs to cover
- 1.450%
- Break-even
- 48.8 days
Slippage from Kraken Futures: live order book, 23 min ago; HTX: live order book, 21 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 Kraken Futures live order book, 23 min ago | 12.19 bp | 39.6 bp −$40 | 191.4 bp −$1,914 | doesn't fit | doesn't fit |
| Sell HTX live order book, 21 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_ETHFIUSDlong | −0.0413% | 1h | 0.6922 | long leg | $284K | $285K | 20x | |
| HTX ETHFI-USDTshort | −0.0306% | 4h | 0.6899 | −0.334% | $80K | $183K | 20x | |
| Bybit ETHFIUSDT | −0.0289% | 4h | 0.6901 | −0.305% | $17.1M | $12.9M | 25x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0265% | 4h | 0.6905 | −0.247% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0158% | 4h | 0.6894 | −0.401% | $900K | $762K | — | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0039% | 1h | 0.6909 | −0.189% | $39K | $10K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0033% | 4h | 0.6900 | −0.319% | $23.9M | $35.7M | 75x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.6899 | −0.329% | $94K | $502K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0030% | 4h | 0.6901 | −0.305% | $15.6M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0009% | 8h | 0.6907 | −0.225% | $6K | — | 5x | as long as short |
Bybit ETHFIUSDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Deribit ETHFI_USDC-PERPETUAL
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0028% | 4h | 0.6915 | −0.103% | $177K | $260K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.593% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6905 | −0.247% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6912 | −0.142% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6905 | −0.250% | $16.7M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6909 | −0.189% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6908 | −0.204% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6909 | −0.189% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6905 | −0.247% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6904 | −0.261% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6912 | −0.143% | $62K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6915 | −0.103% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0207% | 4h | 0.6902 | −0.290% | $1.2M | $237K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.6913 | −0.131% | $31K | $6K | 50x | as long as short |
Aster ETHFIUSDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
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