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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+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.001%
Price spread now: KuCoin against HTX+0.045%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on HTXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.045%, 7d avg +0.017%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.028% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,724.10.0031pay 0.0031% / 8h20m 11s$1.05B$1.22B200x
ShortKuCoin ETHUSDTM2,725.30.0074get 0.0074% / 8h20m 11s$382.0M$577.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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
$9.1
Price spread: +0.045% → +0.017%
$2.78
Slippage, 4 orders
−$0.13
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$12.25
Costs to cover
0.241%
Break-even
16.4 days
Slippage from HTX: live order book, 4 min ago; KuCoin: live order book, 9 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 HTX live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.3 bp −$73410.2 bp −$5,115
Sell KuCoin live order book, 9 min ago0.02 bp6.0 bp −$67.0 bp −$709.8 bp −$980doesn't fit

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%43m2,724.5+0.016%$275K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0176%8h2,722.4−0.062%$281.5M$177.3M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.7−0.013%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.3+0.009%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.4+0.050%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,723.6−0.017%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,724.2+0.006%$6.7M$678.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.4+0.048%$263.6M$213.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.5+0.055%$32.9M—200xas long as short
BingX ETH-USDT+0.0017%8h2,725.2+0.043%—$1.09B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,725.1+0.039%$2.32B$4.34B150xas long as short
HTX ETH-USDTlong+0.0031%8h2,724.1long leg$1.05B$1.22B200x
01 Exchange ETHUSD+0.0032%1h2,724.8+0.028%$190K$884K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,728.7+0.171%$200K$21.5M52xas long as short
ApeX Omni ETHUSDT+0.0051%1h2,722.5−0.056%$8.4M$31.5M100xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,724.1+0.003%$241K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.4+0.050%$81.8M$310.8M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.4+0.048%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTMshort+0.0074%8h2,725.3+0.045%$382.0M$577.6M100x
Aster ETHUSDT+0.0076%8h2,725.2+0.041%$252.5M$847.4M200xas long as short
MEXC ETH_USDT+0.0088%8h2,725.2+0.042%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,723−0.037%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0088%8h2,725.2+0.041%$6.30B$16.12B150xas long as short
Lighter ETH+0.0096%1h2,725.7+0.062%$112.3M$432.9M50xas long as short
Lighter RH ETH+0.0096%1h2,726.9+0.106%$23.4M$102.4M50xas long as short
SoDEX ETH-USD+0.0099%1h2,724.6+0.020%$54.3M$182.7M40xas long as short
Katana Perps ETH-USD+0.0100%8h2,723.7−0.013%$500K$3.6M50xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,724.6+0.021%$30K$20K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.9+0.143%$15.3M$7.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.9−0.004%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.5+0.090%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,724.2+0.005%$31.9M$333.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,722.3−0.064%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.2+0.006%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,724.5+0.015%$3.31B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.4+0.049%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.2+0.041%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.2−0.067%$133.6M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,721.7−0.086%$185.2M$682.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,722.8−0.044%$158.2M$81.9M50xas long as short
StandX ETH-USD+0.0100%1h2,724.1+0.002%$20.9M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.5+0.054%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.8+0.064%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,724.1+0.004%$182K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,724.6+0.022%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.4−0.024%$955K$10.8M100xas long as short
Phemex ETHUSDT+0.0100%8h2,724.6+0.021%$262.5M$64.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,727.2+0.115%$162.8M$356.2M25xas long as short
Extended ETH-USD+0.0104%1h2,723.7−0.013%$30.4M$71.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.6+0.021%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.9+0.067%$46.5M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724.6+0.019%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0180%1h2,723.4−0.025%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,726.8+0.101%$32.1M$11.2M100xas long as short
Bluefin ETH-PERP+0.0436%1h2,724.6+0.020%$20K$23K25xas long as short