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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.003%
Price spread now: HTX against edgeX−0.014%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on edgeXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.014%, 7d avg +0.006%
Together, before fees−0.103%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.020% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,717.40.0100pay 0.0050% / 4h2h 30m$184.0M$676.9M100x
ShortHTX ETH-USDT2,717−0.0011pay 0.0011% / 8h2h 30m$1.05B$1.21B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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
−$23.41
Price spread: −0.014% → +0.006%
−$2.04
Slippage, 4 orders
−$2.08
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$48.53
Costs to cover
0.231%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 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 edgeX live order book, 3 min ago0.04 bp4.8 bp −$54.8 bp −$485.0 bp −$5056.6 bp −$3,316
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.1 bp −$619.2 bp −$92213.3 bp −$6,662

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%43m2,718.1+0.026%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2+0.030%$5K$1K50xas long as short
HTX ETH-USDTshort−0.0011%8h2,717−0.014%$1.05B$1.21B200x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,717.6+0.008%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,719.2+0.067%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,717.8+0.016%$30.4M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,720.2+0.104%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0010%1h2,719+0.060%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0026%1h2,718.6+0.044%$258.7M$206.2M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,719.2+0.067%$187K$789K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,718.6+0.044%—$18.5M—as long as short
Bybit ETHUSDT+0.0042%8h2,718.8+0.052%$2.35B$4.41B150xas long as short
SunX ETH-USDT+0.0068%8h2,716.9−0.019%$952K$11.2M100xas long as short
ApeX Omni ETHUSDT+0.0069%1h2,717.6+0.006%$8.6M$31.3M100xas long as short
Bullet ETH-USD+0.0070%1h2,717.5+0.004%$180K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,721.3+0.144%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0076%8h2,718+0.024%$374.3M$577.8M100xas long as short
Aster ETHUSDT+0.0084%8h2,719+0.059%$251.6M$843.7M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715−0.086%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0091%8h2,719.3+0.069%$1.56B$2.58B500xas long as short
Binance ETHUSDT+0.0091%8h2,719.1+0.063%$6.29B$16.07B150xas long as short
OKX ETH-USDT-SWAP+0.0092%8h2,718.8+0.053%$1.66B$10.78B100xas long as short
Lighter ETH+0.0096%1h2,719.3+0.071%$111.5M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,720.5+0.116%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0098%8h2,718+0.021%$262.7M$64.2M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,718.4+0.038%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,721+0.132%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,717.6+0.008%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.1+0.137%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,719.5+0.078%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.9+0.019%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,718.9+0.057%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719+0.058%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,719.1+0.063%$3.30B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718.7+0.050%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,717.4+0.002%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,716.7−0.023%$132.7M$328.5M—as long as short
edgeX ETHUSDClong+0.0100%4h2,717.4long leg$184.0M$676.9M100x
GRVT ETH_USDT_Perp+0.0100%8h2,718.3+0.035%$158.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,718+0.023%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.4+0.073%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,719.4+0.074%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,718.2+0.031%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,718.6+0.046%$40.7M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,717.6+0.008%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,718.3+0.034%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,717.8+0.015%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,718.9+0.056%$49.7M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719+0.061%$5.5M$11.8M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,718.7+0.049%$6.5M$691.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.2+0.030%$82.7M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,719.7+0.087%$32.0M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717.2−0.008%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.7+0.122%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0293%8h2,717.6+0.009%$281.2M$173.8M150xas long as short