ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.001%

Price spread now: HTX against KuCoin−0.009%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on KuCoin Short on HTX

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)−0.010%−$1 · spread now −0.009%, 7d avg −0.017%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETHUSDTM	2,724.2	0.0079	pay 0.0079% / 8h	4m 45s	$382.5M	$575.3M	100x
Short	HTX ETH-USDT	2,724	0.0036	get 0.0036% / 8h	4m 45s	$1.05B	$1.21B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$9.13
Price spread: −0.009% → −0.017%: $0.78
Slippage, 4 orders: −$0.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.58
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from KuCoin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	0.02 bp	6.0 bp −$6	8.2 bp −$82	10.4 bp −$1,043	doesn't fit
Sell HTX live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	8.0 bp −$800	11.7 bp −$5,841

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,723.4	−0.031%	$273K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0129%	8h	2,724	−0.009%	$281.0M	$177.6M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,723.9	−0.012%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,723.3	−0.035%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.4	+0.007%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.5	−0.029%	$10.5M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725	+0.028%	$6.7M	$674.2M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.8	+0.021%	$264.4M	$215.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,724.6	+0.012%	$32.9M	—	200x	as long as short
BingX ETH-USDC	+0.0018%	8h	2,723.6	−0.025%	—	$18.7M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0022%	8h	2,723.1	−0.043%	$2.31B	$4.32B	150x	as long as short
HTX ETH-USDTshort	+0.0036%	8h	2,724	−0.009%	$1.05B	$1.21B	200x
01 Exchange ETHUSD	+0.0040%	1h	2,725	+0.028%	$189K	$883K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,727.2	+0.109%	$117K	$22.2M	52x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,724.9	+0.024%	$82.0M	$310.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,724.1	−0.006%	$239K	$1.4M	20x	as long as short
ApeX Omni ETHUSDT	+0.0075%	1h	2,723.5	−0.028%	$8.4M	$31.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,723.3	−0.033%	$1.65B	$10.74B	100x	as long as short
KuCoin ETHUSDTMlong	+0.0079%	8h	2,724.2	long leg	$382.5M	$575.3M	100x
Aster ETHUSDT	+0.0083%	8h	2,723.4	−0.029%	$252.0M	$850.7M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,722	−0.081%	$4.9M	$183K	20x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,723.3	−0.034%	$1.58B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,723.3	−0.033%	$6.30B	$16.07B	150x	as long as short
Aftermath Perps ETHUSD	+0.0095%	1h	2,724.2	0.000%	$30K	$20K	20x	as long as short
Lighter ETH	+0.0096%	1h	2,723.9	−0.014%	$112.2M	$433.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.3	+0.037%	$23.3M	$102.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,724.1	−0.005%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728	+0.137%	$15.4M	$7.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724.4	+0.006%	$14.1M	$104.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.5	+0.083%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.2	−0.003%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.3	−0.035%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.9	+0.026%	$1.6M	$15.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,724.2	−0.001%	$3.31B	$8.96B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,724.2	−0.002%	$2.11B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,724.2	−0.002%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.5	−0.063%	$133.2M	$316.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,722.2	−0.076%	$185.2M	$682.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.2	−0.038%	$158.2M	$82.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,723.4	−0.031%	$20.9M	$69.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.6	+0.051%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.6	+0.050%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,724	−0.009%	$181K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.2	−0.002%	$40.7M	$30.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,723.9	−0.013%	$956K	$10.7M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,724	−0.009%	$54.2M	$182.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.4	+0.006%	$262.4M	$64.0M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.9	−0.050%	$160.5M	$349.9M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,723.4	−0.032%	$30.4M	$71.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,723.4	−0.030%	—	$30.1M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.8	+0.056%	$46.6M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,725.1	+0.033%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0177%	1h	2,723.7	−0.019%	$7.3M	$972K	25x	as long as short
Bluefin ETH-PERP	+0.0180%	1h	2,724.9	+0.026%	$20K	$23K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,727	+0.102%	$32.1M	$11.3M	100x	as long as short