Funding you earn now, next payment 04:00 UTC−0.0201%/8h= −22.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.038%
Price spread now: HTX against Gate−0.378%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1241.244% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.378%, 7d avg −0.155%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.223% cheaper against Gate than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.155%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | Gate ETHFI_USDT | 0.7152 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $1.7M | $1.9M | 75x |
| Short | HTX ETHFI-USDT | 0.7125 | −0.0101 | pay 0.0050% / 4h | 1h 56m | $88K | $168K | 20x |
Gate ETHFI_USDT
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Gate. 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
- −$42.12
- Price spread: −0.378% → −0.155%
- −$22.26
- Slippage, 4 orders
- −$97.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$188.75
- Costs to cover
- 1.244%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; HTX: live order book, 5 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 Gate live order book, 1 min ago | 2.81 bp | 32.7 bp −$33 | 216.2 bp −$2,162 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 14.00 bp | 42.6 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 23 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 | −0.0311% | 1h | 0.7129 | −0.322% | $40K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0200% | 4h | 0.7126 | −0.364% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0101% | 4h | 0.7125 | −0.378% | $88K | $168K | 20x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.230% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0061% | 8h | 0.7154 | +0.026% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0064% | 4h | 0.7160 | +0.108% | $1.1M | $717K | — | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7149 | −0.043% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7138 | −0.199% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7142 | −0.143% | $182K | $257K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7151 | −0.014% | $24.9M | $35.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7160 | +0.112% | $18.0M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7165 | +0.182% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7152 | long leg | $1.7M | $1.9M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7150 | −0.028% | $15.4M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7152 | 0.000% | $1.2M | $254K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7158 | +0.084% | $6.2M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7160 | +0.112% | — | $1.2M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7130 | −0.308% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7153 | +0.018% | $100K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7125 | −0.378% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0306% | 1h | 0.7134 | −0.248% | $270K | $194K | 20x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0314% | 1h | 0.7151 | −0.015% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +1.412% | $32K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX