Funding you earn now, next payment 04:00 UTC−0.0412%/8h= −45.1% APRnext payment −$2.06 per $10,000 · paid last 24h −0.035%
Price spread now: HTX against BingX−0.142%52s7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.142%, 7d avg −0.135%
=The price spread sits at its 7-day average of −0.135%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDT | 0.7060 | 0.0100 | pay 0.0050% / 4h | 20m 25s | — | $26.0M | — |
| Short | HTX ETHFI-USDT | 0.7050 | −0.0312 | pay 0.0156% / 4h | 20m 25s | $87K | $168K | 20x |
BingX ETHFI-USDT
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$86.5
- Price spread: −0.142% → −0.135%
- −$0.69
- Slippage, 4 orders
- −$52.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$161.97
- Costs to cover
- 0.748%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; HTX: live order book, 36 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 BingX live order book, 3 min ago | 1.41 bp | 7.5 bp −$8 | 11.4 bp −$114 | 21.8 bp −$2,185 | 70.0 bp −$35.0K |
| Sell HTX live order book, 36 min ago | 14.86 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0599% | 1h | 0.7058 | −0.028% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0312% | 4h | 0.7050 | −0.142% | $87K | $168K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0226% | 4h | 0.7056 | −0.057% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.550% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7059 | −0.016% | $264K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0050% | 8h | 0.7058 | −0.035% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7066 | +0.078% | $1.1M | $879K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7065 | +0.072% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7064 | +0.057% | $180K | $263K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7055 | −0.074% | $24.5M | $35.2M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7060 | 0.000% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7065 | +0.071% | $5.1M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7062 | +0.028% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7058 | −0.028% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7062 | +0.028% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7057 | −0.042% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDTlong | +0.0100% | 4h | 0.7060 | long leg | — | $26.0M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7055 | −0.068% | $979K | $701K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7071 | +0.160% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7061 | +0.014% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7055 | −0.069% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7056 | −0.063% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7052 | −0.113% | $1.2M | $247K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.510% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX