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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 01:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h +0.007%
Price spread now: HTX against SoDEX−0.001%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on SoDEXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.001%, 7d avg −0.004%
Together, before fees−0.008%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,757.10.0047pay 0.0006% / 1h1m 29s$54.9M$187.7M40x
ShortHTX ETH-USDT2,757.10.0062get 0.0062% / 8h7h 01m$1.07B$1.23B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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
$3.25
Price spread: −0.001% → −0.004%
$0.31
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$16.84
Costs to cover
0.204%
Break-even
43.3 days
Slippage from SoDEX: live order book, 3 min ago; HTX: live order book, 3 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 SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$56935.0 bp −$17.5K
Sell HTX live order book, 3 min ago0.02 bp6.0 bp −$66.2 bp −$628.7 bp −$87313.3 bp −$6,639

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.606%$119K$22.5M52xas long as short
Perpl ETH−0.0447%43m2,757.3+0.007%$323K$6.1M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,756.1−0.036%$5.7M$11.2M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,757.2+0.004%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,756.2−0.033%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,768.6+0.417%$868K$3.7M25xas long as short
dYdX ETH-USD+0.0003%1h2,757.8+0.025%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,756.3−0.030%$22.3M—200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0009% / S +0.0025%1h2,756.2−0.034%$12.4M—200xas long as short
Bullet ETH-USD+0.0018%1h2,755.8−0.047%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0033%8h2,754.4−0.099%$1.69B$10.96B100xas long as short
Aster ETHUSDT+0.0044%8h2,755.7−0.052%$259.5M$850.5M200xas long as short
SoDEX ETH-USDlong+0.0047%1h2,757.1long leg$54.9M$187.7M40x
Binance ETHUSDT+0.0055%8h2,755.7−0.052%$6.43B$16.07B150xas long as short
MEXC ETH_USDT+0.0055%8h2,755.9−0.044%$1.60B$2.67B500xas long as short
Aevo ETH-PERP+0.0056%1h2,757−0.004%$5.0M$156K20xas long as short
HTX ETH-USDTshort+0.0062%8h2,757.1−0.001%$1.07B$1.23B200x
Gate ETH_USDT+0.0063%8h2,756.1−0.038%$3.39B$9.17B200xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,765.1+0.291%$31K$21K20xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,759.4+0.083%$8.8M$31.4M100xas long as short
Phemex ETHUSDT+0.0078%8h2,757.6+0.019%$268.4M$65.9M150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,758.4+0.047%$60.0M$4.39B50xas long as short
Bitget ETHUSDT+0.0082%8h2,755.9−0.045%$2.08B$2.83B150xas long as short
Vest ETH-PERP+0.0089%1h2,757.2+0.005%—$870K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,756−0.040%$392.8M$602.9M100xas long as short
Lighter ETH+0.0096%1h2,757.5+0.014%$114.2M$461.9M50xas long as short
Lighter RH ETH+0.0096%1h2,759.5+0.087%$25.4M$113.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,757.7+0.022%—$35.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,761.7+0.167%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,756.3−0.029%$473K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,757.1+0.001%$14.3M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,758.2+0.040%$3.14B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,757.9+0.029%$31.2M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,754.5−0.093%$2.49B$4.29B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,756.2−0.033%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,756.9−0.007%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.530%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,755.4−0.063%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,757.5+0.016%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4+0.337%$134.4M$347.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,760.9+0.137%$183.2M$752.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.1+0.361%$160.9M$82.6M50xas long as short
StandX ETH-USD+0.0100%1h2,758.8+0.062%$21.3M$65.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,755.6−0.054%$10.4M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,758.4+0.046%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,760.1+0.110%$42.4M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,756.6−0.020%$967K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,755.3−0.064%$30.8M$74.7M50xas long as short
Kalshi KXETHPERP+0.0122%8h2,760.6+0.127%$7.9M$671.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,758.9+0.064%$259.1M$200.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,758.7+0.057%$96.7M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0158%8h2,757.2+0.005%$32.5M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,759.2+0.075%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0176%8h2,756.8−0.011%$286.3M$179.7M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,755.7−0.052%$7.3M$1.1M25xas long as short