Funding you earn now, next payment 08:00 UTC−0.0419%/8h= −45.9% APRnext payment −$2.10 per $10,000 · paid last 24h −0.049%
Price spread now: HTX against OKX−0.071%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.071%, 7d avg −0.150%
=The price spread pays, funding is against you. HTX is 0.079% dearer against OKX than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.150%): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.144% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7030 | 0.0100 | pay 0.0050% / 4h | 2h 03m | $5.1M | $12.7M | 20x |
| Short | HTX ETHFI-USDT | 0.7025 | −0.0319 | pay 0.0160% / 4h | 2h 03m | $81K | $171K | 20x |
OKX ETHFI-USDT-SWAP
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. 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
- −$88.08
- Price spread: −0.071% → −0.150%
- $7.93
- Slippage, 4 orders
- −$82.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$184.6
- Costs to cover
- 1.044%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; HTX: live order book, 42 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 OKX live order book, 4 min ago | 1.42 bp | 13.5 bp −$13 | 45.3 bp −$453 | doesn't fit | doesn't fit |
| Sell HTX live order book, 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0460% | 1h | 0.7040 | +0.142% | $41K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0406% | 1h | 0.7054 | +0.336% | $289K | $286K | 20x | as long as short |
| HTX ETHFI-USDTshort | −0.0319% | 4h | 0.7025 | −0.071% | $81K | $171K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0263% | 4h | 0.7038 | +0.114% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0145% | 4h | 0.7052 | +0.310% | $935K | $782K | — | as long as short |
| Bybit ETHFIUSDT | −0.0108% | 4h | 0.7029 | −0.014% | $17.5M | $13.0M | 25x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.7023 | −0.094% | $97K | $504K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0030% | 4h | 0.7025 | −0.071% | $24.4M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0026% | 4h | 0.7026 | −0.057% | $15.7M | $4.2M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0001% | 8h | 0.7037 | +0.097% | $6K | — | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.987% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7035 | +0.071% | $8K | — | 3x | as long as short |
| Aster ETHFIUSDT | +0.0088% | 4h | 0.7036 | +0.085% | $180K | $261K | 10x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7037 | +0.102% | $1.1M | $831K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7035 | +0.070% | $17.0M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7030 | long leg | $5.1M | $12.7M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7037 | +0.100% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7030 | 0.000% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7027 | −0.043% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7031 | +0.014% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7044 | +0.205% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7041 | +0.156% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0213% | 4h | 0.7042 | +0.171% | $1.2M | $243K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7066 | +0.512% | $32K | $6K | 50x | as long as short |
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Aster ETHFIUSDT
Lighter ETHFI
Hyperliquid ETHFI
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX