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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against Binance+0.026%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on BinanceShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.026%, 7d avg −0.015%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,746.10.0083pay 0.0083% / 8h5h 58m$6.39B$15.76B150x
ShortHTX ETH-USDT2,746.80.0085get 0.0085% / 8h5h 58m$1.06B$1.18B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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
$0.28
Price spread: +0.026% → −0.015%
$4.13
Slippage, 4 orders
−$0.07
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$17.67
Costs to cover
0.221%
Break-even
456.6 days
Slippage from Binance: live order book, 16 min ago; HTX: live order book, 6 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 Binance live order book, 16 min ago0.02 bp5.0 bp −$55.5 bp −$556.8 bp −$6778.9 bp −$4,452
Sell HTX live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$606.4 bp −$63910.2 bp −$5,088

ETH on 54 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
Perpl ETH−0.0112%43m2,747.1+0.036%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.063%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,747.5+0.052%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.2+0.042%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.084%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,747.1+0.037%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.044%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746.6+0.019%$183K$981K50xas long as short
BingX ETH-USDT+0.0042%8h2,745.8−0.012%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0054%8h2,745−0.039%$1.70B$10.61B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.6+0.019%$369.0M$600.1M100xas long as short
Aster ETHUSDT+0.0074%8h2,746.6+0.018%$252.6M$842.0M200xas long as short
RISEx ETH/USDC+0.0077%1h2,746.6+0.019%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,744.9−0.044%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0083%8h2,745.8−0.011%$1.57B$2.50B500xas long as short
Binance ETHUSDTlong+0.0083%8h2,746.1long leg$6.39B$15.76B150x
HTX ETH-USDTshort+0.0085%8h2,746.8+0.026%$1.06B$1.18B200x
ApeX Omni ETHUSDT+0.0089%1h2,746.6+0.017%$8.7M$31.2M100xas long as short
Bullet ETH-USD+0.0094%1h2,746.8+0.027%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,746.4+0.010%$113.0M$430.1M50xas long as short
Lighter RH ETH+0.0096%1h2,747.7+0.059%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9−0.006%—$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.2+0.075%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750+0.143%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2+0.004%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.1+0.036%$13.9M$107.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.9+0.103%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.023%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.2+0.005%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.6−0.017%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.6+0.018%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.2+0.004%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.9−0.007%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.5+0.014%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.019%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.028%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.087%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.2+0.041%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748+0.070%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.8+0.063%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.7+0.060%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.9+0.104%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.5+0.014%$963K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747+0.034%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.3+0.045%$267.5M$65.6M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.005%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,745.1−0.035%$30.6M$72.6M50xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,747.7+0.060%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0110%1h2,748.3+0.082%$258.9M$195.8M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,747.8+0.063%$7.9M$670.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,749.6+0.129%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.9+0.067%$88.1M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.6+0.021%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.9+0.029%$250K$1.4M20xas long as short