Funding you earn now, next payment 08:00 UTC−0.0514%/8h= −56.3% APRpaid last 24h −0.070%
Price spread now: HTX against Polymarket Perps−0.194%7-day average −0.225% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1061.064% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.194%, 7d avg −0.225%
=The price spread pays, funding is against you. HTX is 0.031% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.194% now, against its 7-day average of −0.225%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.115% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. 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 | Polymarket Perps ETHFI-USD | 0.6956 | 0.0100 | pay 0.0013% / 1h | 14m 00s | $52K | $149K | 5x |
| Short | HTX ETHFI-USDT | 0.6943 | −0.0414 | pay 0.0207% / 4h | 14m 00s | $82K | $150K | 20x |
Polymarket Perps ETHFI-USD
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Polymarket Perps. 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
- −$107.88
- Price spread: −0.194% → −0.225%
- $3.14
- Slippage, 4 orders
- −$86.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$211.1
- Costs to cover
- 1.064%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 54 min ago; HTX: live order book, 22 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 Polymarket Perps live order book, 54 min ago | 2.16 bp | 12.5 bp −$12 | 1614.1 bp −$16.1K | doesn't fit | doesn't fit |
| Sell HTX live order book, 22 min ago | 15.18 bp | 28.8 bp −$29 | 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 | −0.0468% | 1h | 0.6954 | −0.036% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDTshort | −0.0414% | 4h | 0.6943 | −0.194% | $82K | $150K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0287% | 4h | 0.6952 | −0.065% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0196% | 4h | 0.6952 | −0.059% | $916K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0083% | 8h | 0.6954 | −0.031% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0060% | 4h | 0.6960 | +0.050% | $17.1M | $12.9M | 25x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6957 | +0.009% | $94K | $503K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0008% | 4h | 0.6959 | +0.036% | $24.3M | $36.3M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0006% | 4h | 0.6952 | −0.065% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.075% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
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 | 0.6949 | −0.112% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6962 | +0.078% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6964 | +0.109% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6959 | +0.030% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6962 | +0.079% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6961 | +0.065% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6959 | +0.036% | $1.2M | $224K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6959 | +0.036% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6957 | +0.007% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.6956 | long leg | $52K | $149K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6946 | −0.151% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0232% | 4h | 0.6943 | −0.194% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.482% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0821% | 1h | 0.6964 | +0.105% | $291K | $283K | 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
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD