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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 04:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.004%
Price spread now: HTX against Extended−0.021%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on ExtendedShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.021%, 7d avg +0.018%
Together, before fees−0.128%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.039% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,7320.0104pay 0.0013% / 1h19m 43s$30.3M$72.6M50x
ShortHTX ETH-USDT2,731.50.0044get 0.0044% / 8h4h 19m$1.06B$1.20B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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
−$12.53
Price spread: −0.021% → +0.018%
−$3.92
Slippage, 4 orders
−$0.4
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$33.85
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; HTX: live order book, 4 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 Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$274.7 bp −$47213.3 bp −$6,674
Sell HTX live order book, 4 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%43m2,733.5+0.051%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.079%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.8+0.028%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733+0.036%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.034%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,733+0.035%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.108%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.1+0.037%$28.1M—200xas long as short
Bullet ETH-USD+0.0009%1h2,732.5+0.017%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.106%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDTshort+0.0044%8h2,731.5−0.021%$1.06B$1.20B200x
BingX ETH-USDT+0.0052%8h2,732.9+0.030%—$1.15B—as long as short
Bybit ETHUSDT+0.0059%8h2,732.3+0.009%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,732.5+0.018%$380.1M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,732.5+0.017%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0072%8h2,732.7+0.024%$265.7M$65.3M150xas long as short
Aster ETHUSDT+0.0086%8h2,732.8+0.029%$250.9M$842.3M200xas long as short
SoDEX ETH-USD+0.0091%1h2,732.7+0.024%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0094%8h2,732.4+0.014%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.4+0.014%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,732.8+0.029%$112.9M$440.2M50xas long as short
Lighter RH ETH+0.0096%1h2,733.8+0.066%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.7+0.024%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.1−0.070%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.172%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,733.6+0.056%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.6+0.020%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.5+0.054%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.8+0.101%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.5+0.053%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5+0.017%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.6+0.057%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.7+0.023%$3.34B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.7+0.023%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,7320.000%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.021%$133.7M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.076%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.103%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.083%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.5+0.052%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734.2+0.079%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.041%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.3+0.082%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.5+0.018%$959K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.102%$164.8M$300.4M25xas long as short
Extended ETH-USDlong+0.0104%1h2,732long leg$30.3M$72.6M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.7+0.062%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,734.4+0.086%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0131%1h2,734+0.073%$259.7M$196.2M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,733.1+0.039%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,734.9+0.104%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.7−0.012%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.3+0.046%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,735.3+0.118%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,732.1+0.003%$282.3M$175.5M150xas long as short