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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.007%
Price spread now: HTX against BingX−0.004%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Long on BingXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.004%, 7d avg +0.003%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,731.50.0055pay 0.0055% / 8h4h 21m—$18.4M—
ShortHTX ETH-USDT2,731.40.0046get 0.0046% / 8h4h 21m$1.06B$1.20B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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
−$1.83
Price spread: −0.004% → +0.003%
−$0.68
Slippage, 4 orders
−$0.44
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$24.94
Costs to cover
0.224%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; HTX: live order book, 3 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 BingX live order book, 2 min ago0.20 bp5.2 bp −$55.7 bp −$577.3 bp −$72710.2 bp −$5,109
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.5 bp −$658.8 bp −$87611.2 bp −$5,583

ETH on 55 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−0.0447%43m2,732.7+0.044%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.099%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6+0.114%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.033%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.055%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.8+0.048%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.129%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.4+0.034%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,732+0.019%$178K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.127%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTshort+0.0046%8h2,731.4−0.004%$1.06B$1.20B200x
BingX ETH-USDClong+0.0055%8h2,731.5long leg—$18.4M—
Bybit ETHUSDT+0.0063%8h2,731.9+0.013%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,732.3+0.028%$380.0M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,732.5+0.037%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0074%8h2,731.9+0.014%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0087%8h2,732.3+0.030%$250.9M$842.7M200xas long as short
SoDEX ETH-USD+0.0088%1h2,732.5+0.037%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0095%8h2,732.1+0.023%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.1+0.021%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,732.6+0.041%$112.8M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,733.6+0.078%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.9+0.053%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.067%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.195%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,732.6+0.042%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.011%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.2+0.028%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.114%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.5+0.074%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7+0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.9+0.050%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.2+0.024%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.3+0.030%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8+0.012%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8+0.047%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.096%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.124%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.103%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.082%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.092%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.2+0.026%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.7+0.082%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.4−0.004%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.122%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.005%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.074%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734.7+0.116%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,733.9+0.089%$260.1M$195.7M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,732.5+0.037%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,734.4+0.106%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.8+0.011%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.1+0.058%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,735.3+0.139%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,732.1+0.023%$282.3M$175.5M150xas long as short