Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: HTX against Ondo Perps+0.058%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.058%, 7d avg +0.003%
Together, before fees−0.158%+ Points / potential airdropOndo Perps: Active · farm board−$16 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: HTX is 0.055% dearer against Ondo Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,740.40.0100pay 0.0013% / 1h6m 29s$2.8M$14.0M25x
ShortHTX ETH-USDT2,7420.0100get 0.0100% / 8h5h 06m$1.05B$1.00B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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
$0
Price spread: +0.058% → +0.003%
$5.52
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$11.48
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell HTX live order book, 1 min ago0.02 bp6.0 bp −$66.0 bp −$606.5 bp −$6539.6 bp −$4,822
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.347%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,740.9+0.017%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,742.7+0.083%$12.2M200xas long as short
Phoenix ETH−0.0009%1h2,741.3+0.033%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,742.2+0.066%$7.2M$655.0M4.9xas long as short
Perpl ETH0.0000%43m2,741.6+0.043%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,741.9+0.054%$33.1M200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,739.9−0.017%$8.2M$25.1M100xas long as short
Bybit ETHUSDT+0.0036%8h2,743.8+0.124%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,743.5+0.113%$182K$909K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,743.8+0.123%$1.67B$9.10B100xas long as short
Aevo ETH-PERP+0.0088%1h2,739.8−0.021%$4.9M$244K20xas long as short
Aster ETHUSDT+0.0090%8h2,743.8+0.122%$255.5M$713.5M200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,743+0.093%$365.2M$435.3M100xas long as short
MEXC ETH_USDT+0.0091%8h2,743.1+0.097%$1.59B$2.38B500xas long as short
Binance ETHUSDT+0.0091%8h2,743.7+0.119%$6.41B$13.82B150xas long as short
dYdX ETH-USD+0.0095%1h2,742.6+0.082%$15.2M$42.4M50xas long as short
Lighter ETH+0.0096%1h2,743.4+0.108%$114.0M$391.7M50xas long as short
Lighter RH ETH+0.0096%1h2,744.7+0.155%$23.6M$96.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.4+0.071%$23.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.3+0.142%$47.7M$3.88B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.7+0.084%$513K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,743+0.096%$14.9M$93.9M50xas long as short
Pacifica ETH+0.0100%1h2,744+0.130%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,740.4long leg$2.8M$14.0M25x
Arcus ETH-USD+0.0100%1h2,744.6+0.154%$1.6M$14.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741+0.020%$163.6M$316.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.7+0.121%$3.27B$7.80B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743+0.095%$2.11B$2.28B150xas long as short
BingX ETH-USDT+0.0100%8h2,743.1+0.099%$947.9Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.9+0.053%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,739.5−0.034%$132.3M$277.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,739.6−0.028%$184.4M$560.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6+0.006%$159.3M$69.5M50xas long as short
StandX ETH-USD+0.0100%1h2,742.2+0.066%$21.1M$74.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.2+0.102%$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.6+0.117%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,742.5+0.075%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,742.1+0.060%$20K$12K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.9+0.091%$40.9M$26.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.9+0.053%$944K$8.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742.4+0.073%$61.8M$121.7M40xas long as short
HTX ETH-USDTshort+0.0100%8h2,742+0.058%$1.05B$1.00B200x
Phemex ETHUSDT+0.0100%8h2,742.6+0.081%$263.1M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742.1+0.061%$30.1M$63.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,742.9+0.091%$82.7M$268.2M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,741.3+0.031%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0122%1h2,743.4+0.111%$267.1M$182.3M50xas long as short
Reya ETHRUSDPERP+0.0148%1h2,740.6+0.008%$7.3M$854K25xas long as short
Hyperliquid ETH+0.0168%1h2,745.7+0.193%$3.15B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,744.9+0.166%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,744.5+0.151%$5.7M$10.5M25xas long as short
BloFin ETH-USDT+0.0362%8h2,742.2+0.067%$284.9M$147.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,745.8+0.197%$118K$27.2M52xas long as short
Paradex ETH-USD-PERP+0.0507%8h2,745.5+0.187%$15.8M$6.2M50xas long as short