Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Arcus against Hotstuff+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Arcus is 0.039% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ETH-PERP | 2,774.5 | −0.0080 | get 0.0010% / 1h | 56m 04s | $5K | $2K | 50x |
| Short | Arcus ETH-USD | 2,775.6 | 0.0100 | get 0.0013% / 1h | 56m 04s | $2.8M | $17.4M | 25x |
Hotstuff ETH-PERP
Arcus ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Hotstuff. 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
- $37.8
- Price spread: +0.039% → 0.000%
- $3.86
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $32.16
- Costs to cover
- 0.095%
- Break-even
- 1.0 days
Slippage unknown: Hotstuff: no order-book sample; Arcus: live order book, 3 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 3 min ago | 0.27 bp | 2.9 bp −$3 | 3.3 bp −$33 | 5.3 bp −$529 | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,773.1 | −0.050% | $290K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,773 | −0.054% | $5.8M | $12.1M | 25x | as long as short |
| Hotstuff ETH-PERPlong | −0.0080% | 1h | 2,774.5 | long leg | $5K | $2K | 50x | |
| 01 Exchange ETHUSD | −0.0048% | 1h | 2,772.8 | −0.061% | $169K | $1.2M | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,768.7 | −0.209% | $119K | $22.5M | 52x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,770.5 | −0.144% | $884K | $3.6M | 25x | as long as short |
| Aftermath Perps ETHUSD | −0.0001% | 1h | 2,771.4 | −0.111% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,775.8 | +0.048% | $12.7M | $45.5M | 50x | as long as short |
| Nado ETH-PERP | +0.0002% | 1h | 2,773.3 | −0.042% | $14.3M | $118.9M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,773.3 | −0.043% | $22.4M | — | 200x | as long as short |
Perpl ETH
RISEx ETH/USDC
01 Exchange ETHUSD
Injective ETH/USDC PERP
Phoenix ETH
Aftermath Perps ETHUSD
dYdX ETH-USD
Nado ETH-PERP
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi ETH/USDT-P | +0.0016% | 1h | 2,771.8 | −0.098% | $280K | $1.5M | 20x | as long as short |
| BingX ETH-USDT | +0.0018% | 8h | 2,773.3 | −0.043% | — | $1.19B | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0023% | 8h | 2,773.3 | −0.043% | $1.71B | $11.88B | 100x | as long as short |
| Phemex ETHUSDT | +0.0027% | 8h | 2,772.5 | −0.071% | $267.1M | $65.9M | 150x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,773.3 | −0.044% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0031% | 8h | 2,773.5 | −0.036% | $256.5M | $993.8M | 200x | as long as short |
| ApeX Omni ETHUSDT | +0.0034% | 1h | 2,770.6 | −0.140% | $8.7M | $32.6M | 100x | as long as short |
| Bullet ETH-USD | +0.0036% | 1h | 2,772.6 | −0.068% | $183K | $1.8M | 20x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,770.8 | −0.135% | $5.0M | $636K | 20x | as long as short |
| MEXC ETH_USDT | +0.0052% | 8h | 2,773.5 | −0.037% | $1.59B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0052% | 8h | 2,774.1 | −0.016% | $6.44B | $17.20B | 150x | as long as short |
| Bitget ETHUSDT | +0.0074% | 8h | 2,773.4 | −0.041% | $2.10B | $3.12B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0074% | 1h | 2,774.5 | +0.001% | $258.4M | $225.0M | 50x | as long as short |
| Gate ETH_USDT | +0.0079% | 8h | 2,774 | −0.019% | $3.29B | $9.53B | 200x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,773.1 | −0.050% | $115.0M | $494.4M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,774.6 | +0.004% | $25.4M | $120.5M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,773.7 | −0.028% | — | $41.8M | 500x | as long as short |
| HTX ETH-USDT | +0.0097% | 8h | 2,772.7 | −0.065% | $1.08B | $1.32B | 200x | as long as short |
| Variational Omni ETH | +0.0099% | 8h | 2,770.9 | −0.130% | $140.8M | $321.1M | — | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,774.1 | −0.016% | $15.9M | $10.7M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,773.2 | −0.047% | $480K | $2.8M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,776.1 | +0.058% | $3.19B | $2.40B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,774.8 | +0.012% | $31.3M | $293.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,773.5 | −0.037% | $2.51B | $4.63B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,774.1 | −0.014% | $2.8M | $16.8M | 25x | as long as short |
| Arcus ETH-USDshort | +0.0100% | 1h | 2,775.6 | +0.039% | $2.8M | $17.4M | 25x | |
| Bulk ETH-USD | +0.0100% | 1h | 2,771 | −0.128% | $164.2M | $249.6M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,773.2 | −0.047% | $422.5M | $740.5M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,773.8 | −0.026% | $15.2M | $44.0M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,768.2 | −0.229% | $179.4M | $778.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,771.5 | −0.109% | $161.2M | $96.5M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,769.7 | −0.173% | $21.4M | $57.9M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,772.9 | −0.059% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,774 | −0.018% | $10.8M | $7.7M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,773.8 | −0.026% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,775.1 | +0.022% | $42.7M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,772.2 | −0.085% | $972K | $14.1M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,772.9 | −0.058% | $55.2M | $228.6M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,772.9 | −0.057% | $31.5M | $75.3M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,774.4 | −0.003% | $59.9M | $4.62B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0109% | 8h | 2,774.3 | −0.007% | $8.6M | $673.3M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0137% | 8h | 2,775.7 | +0.043% | $32.6M | $12.1M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0170% | 1h | 2,774 | −0.020% | $86.1M | $331.6M | 100x | as long as short |
| BloFin ETH-USDT | +0.0172% | 8h | 2,770.6 | −0.140% | $285.9M | $194.9M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0187% | 1h | 2,772.4 | −0.076% | $7.3M | $1.1M | 25x | as long as short |
Hibachi ETH/USDT-P
BingX ETH-USDT
OKX ETH-USDT-SWAP
Phemex ETHUSDT
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
ApeX Omni ETHUSDT
Bullet ETH-USD
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Bitget ETHUSDT
Deribit ETH-PERPETUAL
Gate ETH_USDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
HTX ETH-USDT
Variational Omni ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Reya ETHRUSDPERP