Funding arb · Price arb /

ETHFI

all ETHFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.060%

Price spread now: Deribit against HTX+0.158%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.158% dearer against HTX than usual: you sell high and buy low (spread +0.158% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ETHFI-USDT	0.6974	0.0000	get 0.0000% / 4h	10m 08s	$83K	$110K	20x
Short	Deribit ETHFI_USDC-PERPETUAL	0.6985	−0.0465	pay 0.0058% / 1h	10m 08s	$44K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee DeribitbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$97.64
Price spread: +0.158% → 0.000%: $15.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$100.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 29 min ago; Deribit: no order-book sample. Net counts fees only.

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, 29 min ago	13.66 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 exchanges

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-PERPETUALshort	−0.0465%	1h	0.6985	+0.158%	$44K	$15K	10x
Orderly PERP_ETHFI_USDC	−0.0327%	4h	0.6983	+0.129%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0281%	4h	0.6981	+0.094%	$886K	$743K	—	as long as short
Bybit ETHFIUSDT	−0.0148%	4h	0.6987	+0.186%	$17.0M	$11.8M	25x	as long as short
Paradex ETHFI-USD-PERP	−0.0107%	8h	0.6982	+0.121%	$6K	—	5x	as long as short
Extended ETHFI-USD	−0.0040%	1h	0.6980	+0.082%	$109K	$920K	10x	as long as short
Binance ETHFIUSDT	−0.0039%	4h	0.6988	+0.201%	$24.6M	$31.7M	75x	as long as short
MEXC ETHFI_USDT	−0.0038%	4h	0.6982	+0.115%	$15.6M	$4.0M	125x	as long as short
HTX ETHFI-USDTlong	0.0000%	4h	0.6974	long leg	$83K	$110K	20x
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+3.814%	$321	$51K	5.5x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ETHFIUSDT	+0.0036%	4h	0.6994	+0.287%	$181K	$157K	10x	as long as short
Aevo ETHFI-PERP	+0.0072%	1h	0.6976	+0.027%	$8K	—	3x	as long as short
Lighter ETHFI	+0.0096%	1h	0.6994	+0.285%	$1.1M	$721K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.6994	+0.285%	$16.6M	$8.1M	5x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6991	+0.244%	$5.1M	$12.0M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6988	+0.201%	$1.7M	$1.8M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6986	+0.172%	$1.2M	$180K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6991	+0.244%	$6.3M	$3.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.6985	+0.158%	—	$11.3M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6985	+0.152%	$44K	$203K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6990	+0.229%	$2K	$1.0M	20x	as long as short
BloFin ETHFI-USDT	+0.0202%	4h	0.6985	+0.158%	$1.2M	$220K	75x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0202%	1h	0.6989	+0.214%	$296K	$314K	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0328%	1h	0.7015	+0.588%	$36K	$10K	50x	as long as short