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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+0.0115%/8h= +12.6% APRpaid last 24h +0.009%
Price spread now: HTX against 01 Exchange−0.022%7-day average −0.040% · 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−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on 01 ExchangeShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.022%, 7d avg −0.040%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,771.3−0.0040get 0.0005% / 1h30m 40s$168K$1.1M50x
ShortHTX ETH-USDT2,770.70.0075get 0.0075% / 8h7h 30m$1.08B$1.25B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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
$24.2
Price spread: −0.022% → −0.040%
$1.84
Slippage, 4 orders
−$4.99
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
$2.04
Costs to cover
0.240%
Break-even
6.4 days
Slippage from 01 Exchange: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 3 min ago0.18 bp5.9 bp −$611.4 bp −$114doesn't fitdoesn't fit
Sell HTX live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.6 bp −$75811.2 bp −$5,598

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%1h2,772.9+0.058%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,771.7+0.016%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,770.9−0.016%$321K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.1+0.029%$5K$1K50xas long as short
01 Exchange ETHUSDlong−0.0040%1h2,771.3long leg$168K$1.1M50x
Phoenix ETH−0.0003%1h2,771.1−0.007%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770.2−0.040%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.7+0.013%$22.4M—200xas long as short
Phemex ETHUSDT+0.0019%8h2,770.6−0.026%$269.6M$67.5M150xas long as short
Bullet ETH-USD+0.0022%1h2,770.9−0.015%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0025%8h2,769.8−0.054%$1.71B$11.19B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.5+0.006%$12.7M—200xas long as short
SoDEX ETH-USD+0.0033%1h2,770.4−0.032%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0040%8h2,769.7−0.057%$256.6M$886.1M200xas long as short
MEXC ETH_USDT+0.0054%8h2,769.5−0.066%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,769.5−0.066%$6.47B$16.35B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.9−0.123%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0065%1h2,772+0.026%$31K$23K20xas long as short
Bitget ETHUSDT+0.0072%8h2,769.7−0.060%$2.10B$2.88B150xas long as short
HTX ETH-USDTshort+0.0075%8h2,770.7−0.022%$1.08B$1.25B200x
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.017%$60.4M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,771.2−0.002%—$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,769.7−0.057%$420.3M$631.7M100xas long as short
Lighter ETH+0.0096%1h2,770.1−0.043%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772+0.027%$25.7M$111.3M50xas long as short
Gate ETH_USDT+0.0099%8h2,770.3−0.038%$3.36B$8.99B200xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.2−0.003%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.5+0.007%$485K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,771−0.012%$14.8M$114.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.7+0.051%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.036%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.8−0.054%$2.51B$4.38B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.051%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4−0.032%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.053%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,769.7−0.060%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.7−0.021%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,770.6−0.026%$140.2M$345.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.9−0.051%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6−0.063%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771−0.011%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,768.5−0.101%$21.4M$62.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.1−0.007%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2−0.003%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.7+0.049%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.8−0.017%$972K$13.3M100xas long as short
Extended ETH-USD+0.0104%1h2,769.5−0.066%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.9+0.021%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,771.9+0.022%$8.1M$682.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.1+0.029%$259.1M$207.1M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.9+0.021%$95.9M$319.4M100xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,773.4+0.076%$32.6M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,770.1−0.042%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0174%8h2,770.4−0.034%$287.6M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,770.9−0.014%$7.3M$1.2M25xas long as short