Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.055%
Price spread now: Extended against Hotstuff−0.057%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Extended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.057% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,779.3−0.0080get 0.0010% / 1h0m 34s$5K$2K50x
ShortExtended ETH-USD2,777.70.0104get 0.0013% / 1h0m 34s$32.6M$77.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$38.64
Price spread: −0.057% → 0.000%
−$5.66
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$22.98
Costs to cover
0.100%
Break-even
2.8 days
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$273.4 bp −$34510.1 bp −$5,058
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
Perpl ETH−0.0447%43m2,778.3−0.035%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.3−0.038%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,779.3long leg$5K$2K50x
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.273%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778.3−0.036%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.103%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.003%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.133%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5−0.065%$22.4M200xas long as short
BingX ETH-USDC+0.0014%8h2,777.8−0.054%$17.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,778.4−0.034%$1.70B$11.88B100xas long as short
Bullet ETH-USD+0.0022%1h2,778.3−0.038%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.9−0.087%$270.5M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2−0.074%$12.9M200xas long as short
Aster ETHUSDT+0.0033%8h2,778.3−0.036%$254.8M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0034%1h2,778.1−0.044%$258.7M$222.7M50xas long as short
Nado ETH-PERP+0.0054%1h2,778.4−0.032%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.2−0.184%$5.0M$636K20xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.063%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,778.3−0.036%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,778.5−0.030%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.5−0.101%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0065%8h2,778.4−0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,778.4−0.034%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,776.4−0.105%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,778.6−0.027%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,778.3−0.035%$422.6M$739.5M100xas long as short
Vest ETH-PERP+0.0096%1h2,778.5−0.028%$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.3−0.037%$115.3M$503.6M50xas long as short
Lighter RH ETH+0.0096%1h2,779.6+0.009%$25.4M$122.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.5−0.065%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.4−0.032%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.1+0.065%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1−0.043%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.076%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.7+0.014%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.049%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.6−0.024%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.201%$147.3M$337.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,777−0.081%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.130%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.108%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.018%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.3−0.072%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9−0.013%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.5−0.138%$974K$14.0M100xas long as short
Extended ETH-USDshort+0.0104%1h2,777.7−0.057%$32.6M$77.5M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777−0.084%$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7−0.059%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,776.8−0.090%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.4+0.003%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.6−0.061%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.103%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.3−0.036%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5−0.064%$270K$1.5M20xas long as short