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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.052%
Price spread now: Hotstuff against Coinbase International0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Coinbase InternationalShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,739.60.0112pay 0.0014% / 1h56m 29s$53.6M$4.25B50x
ShortHotstuff ETH-PERP2,739.6−0.0080pay 0.0010% / 1h56m 29s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. 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

Funding earned
−$40.32
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$55.32
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$508.3 bp −$83524.5 bp −$12.2K
Sell Hotstuff no order-book sample—————
Hotstuff: 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.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.120%$117K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,739.60.000%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.8−0.066%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741.3+0.061%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,742.5+0.106%$182K$834K50xas long as short
Perpl ETH0.0000%43m2,741.3+0.061%$300K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2−0.051%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,739−0.022%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.016%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0055%8h2,740.7+0.041%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0058%1h2,737.7−0.069%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,742.3+0.099%$1.69B$10.61B100xas long as short
Bullet ETH-USD+0.0070%1h2,736.7−0.107%$181K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,740.4+0.030%$380.7M$573.7M100xas long as short
Aster ETHUSDT+0.0082%8h2,739.1−0.018%$253.4M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735−0.168%$4.9M$154K20xas long as short
Backpack ETH_USDC_PERP+0.0089%1h2,738.5−0.041%$15.0M$39.6M50xas long as short
Binance ETHUSDT+0.0089%8h2,742.5+0.107%$6.37B$15.70B150xas long as short
MEXC ETH_USDT+0.0090%8h2,740.9+0.046%$1.56B$2.52B500xas long as short
Lighter ETH+0.0096%1h2,739.8+0.007%$112.4M$430.2M50xas long as short
Lighter RH ETH+0.0096%1h2,740.8+0.042%$24.6M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736−0.133%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.6+0.074%$5.6M$11.4M25xas long as short
HTX ETH-USDT+0.0100%8h2,737.8−0.065%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.181%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.1+0.018%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1+0.092%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.7+0.113%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.1+0.054%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.2+0.093%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6+0.037%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.5+0.069%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.004%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1+0.055%$3.39B$8.66B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.3+0.099%$2.08B$2.72B150xas long as short
Variational Omni ETH+0.0100%8h2,739−0.024%$133.0M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.7−0.031%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.8−0.030%$159.2M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,738.8−0.029%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.7+0.077%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.113%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.034%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,736.3−0.122%$960K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,738.1−0.057%$266.0M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740.2+0.023%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTXlong+0.0112%1h2,739.6long leg$53.6M$4.25B50x
Aftermath Perps ETHUSD+0.0136%1h2,739.9+0.010%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,736.5−0.113%$7.6M$672.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,739.4−0.009%$260.0M$194.8M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,740+0.015%$32.2M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.071%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.8−0.031%$85.9M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.2+0.057%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3−0.011%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.6077%1h2,738.4−0.044%$21K$20K25xas long as short