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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 02:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.044%
Price spread now: BingX against Hotstuff−0.003%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 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: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,746.1−0.0080get 0.0010% / 1h11m 11s$5K$1K50x
ShortBingX ETH-USDT2,7460.0040get 0.0040% / 8h6h 11m—$1.17B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hotstuff. 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
$25.2
Price spread: −0.003% → 0.000%
−$0.29
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
$9.91
Costs to cover
0.150%
Break-even
4.2 days
Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 13 min ago. 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 Hotstuff no order-book sample—————
Sell BingX live order book, 13 min ago0.04 bp5.0 bp −$55.0 bp −$505.0 bp −$5045.4 bp −$2,698
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 54 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
Perpl ETH−0.0112%43m2,745.7−0.014%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,746.1long leg$5K$1K50x
RISEx ETH/USDC−0.0071%1h2,745.1−0.035%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,745.6−0.019%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.087%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.031%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.5−0.023%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746−0.004%$182K$1.1M50xas long as short
BingX ETH-USDTshort+0.0040%8h2,746−0.003%—$1.17B—
OKX ETH-USDT-SWAP+0.0051%8h2,747+0.032%$1.69B$10.93B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0062%1h2,748+0.069%$8.8M$31.5M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,746.5+0.014%$371.3M$609.4M100xas long as short
HTX ETH-USDT+0.0066%8h2,745.9−0.007%$1.06B$1.20B200xas long as short
Aster ETHUSDT+0.0070%8h2,746.6+0.018%$253.6M$858.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,744−0.077%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,746.8+0.024%$1.58B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,746.9+0.029%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.9+0.066%$58.8M$4.33B50xas long as short
Gate ETH_USDT+0.0090%8h2,745.4−0.027%$3.39B$8.93B200xas long as short
Lighter ETH+0.0096%1h2,747.3+0.043%$113.0M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,748.6+0.089%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.3−0.030%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0097%1h2,748.1+0.071%$30K$20K20xas long as short
Bitget ETHUSDT+0.0098%8h2,746.8+0.024%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.3+0.116%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.062%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8−0.049%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.1+0.036%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6−0.018%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.8+0.025%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.047%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.5−0.021%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9−0.008%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.036%$133.1M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.004%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1+0.038%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.8+0.062%$21.3M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.4+0.011%—$865K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4−0.025%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.3−0.030%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.6+0.019%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.6+0.089%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.5−0.059%$962K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.9+0.029%$54.7M$187.8M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747+0.034%$267.4M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.057%$164.0M$301.0M25xas long as short
Extended ETH-USD+0.0104%1h2,746.1+0.001%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,746.5+0.015%$7.7M$672.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0176%8h2,749.3+0.115%$32.3M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.022%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748+0.067%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0220%1h2,748.4+0.083%$258.6M$200.1M50xas long as short
Reya ETHRUSDPERP+0.0222%1h2,744.9−0.044%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.6+0.056%$88.6M$316.9M100xas long as short