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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against edgeX+0.259%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort 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 airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.259% dearer against edgeX than usual: you sell high and buy low (spread +0.259% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,734.90.0100pay 0.0050% / 4h55m 35s$181.8M$664.6M100x
ShortHotstuff ETH-PERP2,742−0.0080pay 0.0010% / 1h55m 35s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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
−$37.8
Price spread: +0.259% → 0.000%
$25.9
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$25.9
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago0.05 bp4.6 bp −$54.7 bp −$475.0 bp −$5057.1 bp −$3,551
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+0.051%$117K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,742+0.259%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.8+0.253%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.224%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.8+0.215%$182K$834K50xas long as short
Perpl ETH0.0000%43m2,741.3+0.233%$300K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,742+0.259%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,739+0.149%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.188%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0055%8h2,740.3+0.197%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,740.7+0.213%$1.69B$10.60B100xas long as short
Bullet ETH-USD+0.0071%1h2,741.1+0.226%$180K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,740.1+0.188%$380.9M$573.7M100xas long as short
SoDEX ETH-USD+0.0073%1h2,741.3+0.233%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,740.3+0.197%$253.5M$840.5M200xas long as short
MEXC ETH_USDT+0.0088%8h2,740+0.186%$1.56B$2.52B500xas long as short
Aevo ETH-PERP+0.0088%1h2,738.8+0.143%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,740.1+0.188%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,740.6+0.209%$112.4M$430.5M50xas long as short
Lighter RH ETH+0.0096%1h2,742.2+0.265%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.7+0.176%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.3+0.234%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.355%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.3+0.197%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1+0.263%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.5+0.277%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,740.9+0.219%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.1+0.189%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741+0.222%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.3+0.234%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.176%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.9+0.219%$3.39B$8.67B200xas long as short
Bitget ETHUSDT+0.0100%8h2,740.9+0.218%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.6+0.244%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.221%$133.2M$324.9M—as long as short
edgeX ETHUSDClong+0.0100%4h2,734.9long leg$181.8M$664.6M100x
GRVT ETH_USDT_Perp+0.0100%8h2,737.4+0.089%$159.2M$83.8M50xas long as short
StandX ETH-USD+0.0100%1h2,738.8+0.142%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.7+0.248%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.285%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.2+0.302%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.9+0.219%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,741.5+0.239%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.7+0.246%$266.4M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,739.6+0.172%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,743.2+0.303%$53.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,740.3+0.196%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,740.7+0.211%$7.6M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,743.1+0.300%$260.0M$194.9M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,743.8+0.326%$32.3M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7+0.100%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3+0.269%$86.0M$309.8M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.2+0.228%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3+0.160%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.4134%1h2,742.4+0.274%$21K$20K25xas long as short