Funding you earn now, next payment 08:00 UTC+0.0915%/8h= +100.2% APRnext payment +$4.58 per $10,000 · paid last 24h +0.037%
Price spread now: Bybit against HTX−0.085%7-day average +0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.085%, 7d avg +0.153%
=Funding pays, the price is against you. Bybit is 0.239% cheaper against HTX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.153%). If the spread goes back, that is −$24 on $10k: about 21 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.072% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.58 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 | HTX ETHFI-USDT | 0.7027 | −0.0932 | get 0.0466% / 4h | 3h 56m | $87K | $167K | 20x |
| Short | Bybit ETHFIUSDT | 0.7021 | −0.0017 | pay 0.0008% / 4h | 3h 56m | $17.6M | $12.6M | 25x |
HTX ETHFI-USDT
Bybit ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- $192.15
- Price spread: −0.085% → +0.153%
- −$23.86
- Slippage, 4 orders
- −$73.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $72.17
- Costs to cover
- 0.961%
- Break-even
- 4.4 days
Slippage from HTX: live order book, 60 min ago; Bybit: live order book, 2 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 HTX live order book, 60 min ago | 14.86 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.42 bp | 19.2 bp −$19 | 44.5 bp −$445 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDTlong | −0.0932% | 4h | 0.7027 | long leg | $87K | $167K | 20x | |
| Deribit ETHFI_USDC-PERPETUAL | −0.0460% | 1h | 0.7041 | +0.199% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7041 | +0.195% | $263K | $208K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0238% | 4h | 0.7038 | +0.157% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDTshort | −0.0017% | 4h | 0.7021 | −0.085% | $17.6M | $12.6M | 25x | |
| Paradex ETHFI-USD-PERP | 0.0000% | 8h | 0.7022 | −0.067% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.031% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0078% | 4h | 0.7044 | +0.246% | $983K | $706K | — | as long as short |
| Binance ETHFIUSDT | +0.0090% | 4h | 0.7034 | +0.100% | $24.4M | $35.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0092% | 4h | 0.7020 | −0.100% | $15.8M | $4.0M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7037 | +0.137% | $1.1M | $841K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7020 | −0.102% | $95K | $379K | 10x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7025 | −0.027% | $17.3M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7034 | +0.099% | $180K | $224K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7027 | 0.000% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7030 | +0.043% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7025 | −0.028% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7021 | −0.085% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7037 | +0.142% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7036 | +0.125% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7044 | +0.242% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7045 | +0.263% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0333% | 4h | 0.7054 | +0.384% | $1.2M | $246K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.384% | $31K | $6K | 50x | as long as short |
Lighter ETHFI
Extended ETHFI-USD
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
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX