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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.010%
Price spread now: Pacifica against HTX+0.182%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on HTXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.182%, 7d avg +0.037%
Together, before fees−0.128%+ Points / potential airdropPacifica: Active · farm board−$13 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: Pacifica is 0.145% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,769.20.0092pay 0.0092% / 8h4m 31s$1.08B$1.32B200x
ShortPacifica ETH2,774.20.0100get 0.0013% / 1h4m 31s$31.3M$316.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$1.58
Price spread: +0.182% → +0.037%
$14.49
Slippage, 4 orders
−$0.4
Fee HTX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$4.33
Costs to cover
0.204%
Break-even
26.2 days
Slippage from HTX: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago0.02 bp6.0 bp −$66.0 bp −$607.5 bp −$74511.4 bp −$5,689
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn't fitdoesn'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−0.0223%43m2,769.1−0.001%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774+0.176%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.255%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4+0.117%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3+0.004%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4+0.189%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.1+0.178%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.084%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.8+0.060%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.5+0.192%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.6+0.053%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0029%1h2,771.1+0.071%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,769.5+0.010%$269.9M$68.7M150xas long as short
SoDEX ETH-USD+0.0030%1h2,769.9+0.026%$55.1M$228.7M40xas long as short
Aster ETHUSDT+0.0032%8h2,774.5+0.192%$256.1M$1.00B200xas long as short
Bullet ETH-USD+0.0035%1h2,769.8+0.023%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,773.3+0.150%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0054%8h2,774.5+0.192%$6.47B$17.28B150xas long as short
Aevo ETH-PERP+0.0056%1h2,768.8−0.014%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,774+0.174%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,773.9+0.172%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,773.8+0.169%$421.5M$738.4M100xas long as short
Bybit ETHUSDT+0.0088%8h2,774.7+0.201%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,773.4+0.154%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.1+0.069%$60.3M$4.59B50xas long as short
Nado ETH-PERP+0.0092%1h2,774.5+0.194%$14.3M$118.2M50xas long as short
HTX ETH-USDTlong+0.0092%8h2,769.2long leg$1.08B$1.32B200x
Lighter ETH+0.0096%1h2,773.9+0.169%$115.1M$501.9M50xas long as short
Lighter RH ETH+0.0096%1h2,775.5+0.229%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0097%1h2,774+0.173%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.3+0.149%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.5+0.156%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.6+0.232%$3.17B$2.36B25xas long as short
Pacifica ETHshort+0.0100%1h2,774.2+0.182%$31.3M$316.9M50x
Ondo Perps ETH-USD.P+0.0100%1h2,771.3+0.077%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.200%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4+0.008%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7+0.021%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.023%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8+0.022%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.064%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.8+0.059%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.3+0.041%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.4+0.044%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.9−0.009%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,772.5+0.119%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0102%8h2,770.5+0.048%$8.2M$688.4M4.9xas long as short
Extended ETH-USD+0.0104%1h2,773.3+0.149%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.8+0.057%—$43.8M500xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.7+0.091%$259.0M$222.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.1+0.070%$90.4M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,772.8+0.130%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770+0.031%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,770+0.029%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0205%1h2,769.9+0.028%$7.3M$1.2M25xas long as short