Funding you earn now, next payment 08:00 UTC−0.0480%/8h= −52.6% APRnext payment −$2.40 per $10,000 · paid last 24h −0.063%
Price spread now: HTX against Bybit−0.245%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1031.028% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.245%, 7d avg −0.157%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.088% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.157%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 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 | Bybit ETHFIUSDT | 0.6940 | 0.0062 | pay 0.0031% / 4h | 59m 33s | $17.2M | $13.1M | 25x |
| Short | HTX ETHFI-USDT | 0.6923 | −0.0418 | pay 0.0209% / 4h | 59m 33s | $82K | $168K | 20x |
Bybit ETHFIUSDT
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. 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
- −$100.79
- Price spread: −0.245% → −0.157%
- −$8.77
- Slippage, 4 orders
- −$79.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$212.35
- Costs to cover
- 1.028%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 42 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 Bybit live order book, 4 min ago | 0.72 bp | 14.6 bp −$15 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell HTX live order book, 42 min ago | 10.81 bp | 24.4 bp −$24 | 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 | −0.0469% | 1h | 0.6948 | +0.115% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0418% | 4h | 0.6923 | −0.245% | $82K | $168K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0283% | 4h | 0.6945 | +0.072% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0118% | 4h | 0.6936 | −0.061% | $914K | $786K | — | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6936 | −0.058% | $95K | $505K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0014% | 4h | 0.6935 | −0.072% | $24.1M | $36.1M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6939 | −0.014% | $15.7M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0009% | 8h | 0.6937 | −0.044% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.323% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDTlong | +0.0062% | 4h | 0.6940 | long leg | $17.2M | $13.1M | 25x |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6943 | +0.039% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6945 | +0.066% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6943 | +0.040% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6945 | +0.068% | $177K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6941 | +0.014% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6946 | +0.086% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6945 | +0.072% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6942 | +0.029% | $6.0M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6943 | +0.043% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6950 | +0.141% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6933 | −0.101% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0227% | 4h | 0.6936 | −0.058% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6952 | +0.173% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1692% | 1h | 0.6954 | +0.196% | $290K | $286K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD