Settings8H · net · $10k
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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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Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.063%
Price spread now: Derive against Hotstuff+0.190%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Derive
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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Derive is 0.190% dearer against Hotstuff than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,778.1−0.0080get 0.0010% / 1h41m 54s$5K$2K50x
ShortDerive ETH-PERP2,783.40.0100get 0.0013% / 1h41m 54s$42.8M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$37.8
Price spread: +0.190% → 0.000%
$18.96
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Derive: 3 bp × 2 orders
−$6
Net
$45.76
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; Derive: 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 Hotstuff no order-book sample—————
Sell Derive no order-book sample—————
Hotstuff and Derive: 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
Perpl ETH−0.0447%43m2,780.5+0.087%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.4+0.084%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,778.1long leg$5K$2K50x
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.086%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,781.1+0.108%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0030%1h2,775.9−0.078%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,781.6+0.124%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.140%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,781+0.104%$270.5M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.7+0.130%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0017%8h2,780.9+0.101%—$17.3M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,781.2+0.111%$1.71B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.6+0.124%$13.2M—200xas long as short
Aster ETHUSDT+0.0034%8h2,781+0.103%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0038%1h2,780.6+0.090%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0039%1h2,780.1+0.071%$14.3M$117.8M50xas long as short
MEXC ETH_USDT+0.0056%8h2,782.8+0.169%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,778.6+0.018%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,781.2+0.112%$6.46B$17.10B150xas long as short
Bitget ETHUSDT+0.0073%8h2,781.2+0.112%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0079%8h2,781.2+0.112%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0095%8h2,781+0.103%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,782+0.139%$115.3M$497.4M50xas long as short
Lighter RH ETH+0.0096%1h2,783+0.176%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,781.5+0.122%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,781.3+0.114%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781+0.106%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.6+0.090%$482K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.7+0.202%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.9+0.101%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779.3+0.043%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.2+0.149%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.270%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.3+0.116%$426.9M$737.5M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.8+0.134%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.154%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,775.5−0.092%$179.9M$780.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.057%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.055%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,776.2−0.068%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,780.4+0.083%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.6+0.126%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.5+0.123%$21K$24K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,783.4+0.190%$42.8M$29.4M15x
SunX ETH-USDT+0.0100%8h2,780.3+0.081%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,781+0.104%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,780.7+0.094%$31.4M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9+0.028%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.5+0.157%$60.4M$4.60B50xas long as short
Kalshi KXETHPERP+0.0110%8h2,781+0.104%$8.6M$673.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0117%1h2,782.5+0.158%$258.4M$221.7M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.6+0.199%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,782.2+0.146%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0176%8h2,778−0.005%$285.6M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.6+0.089%$7.4M$1.1M25xas long as short