ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.015%

Price spread now: GMX against Hotstuff−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on GMX

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

Funding pays, the price is against you. GMX is 0.133% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ETH-PERP	2,734.8	−0.0080	get 0.0010% / 1h	4m 01s	$5K	$1K	50x
Short	GMX ETH/USD [ETH-USDC]	2,731.2	L −0.0010% / S +0.0043%	pay 0.0005% / 1h	4m 01s	$11.9M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee HotstuffbpFee GMXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $7.68
Price spread: −0.133% → 0.000%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$22.62
Costs to cover: 0.170%
Break-even: 27.6 days

Slippage unknown: Hotstuff: no order-book sample; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Hotstuff and GMX: 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
Hotstuff ETH-PERPlong	−0.0080%	1h	2,734.8	long leg	$5K	$1K	50x
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	−0.022%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]short	L −0.0010% / S +0.0043%	1h	2,731.2	−0.133%	$11.9M	—	200x
Phoenix ETH	−0.0006%	1h	2,734.4	−0.015%	$814K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.6	−0.079%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.8	−0.110%	$6.6M	$682.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,731.6	−0.117%	$288K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.7	−0.112%	$262.5M	$213.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,731.2	−0.133%	$33.0M	—	200x	as long as short
01 Exchange ETHUSD	+0.0016%	1h	2,731.6	−0.117%	$191K	$890K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0022%	8h	2,730.3	−0.164%	—	$18.6M	—	as long as short
ApeX Omni ETHUSDT	+0.0025%	1h	2,731.9	−0.105%	$8.6M	$31.5M	100x	as long as short
Bybit ETHUSDT	+0.0027%	8h	2,730.8	−0.146%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,731	−0.138%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,731.1	−0.135%	$385.9M	$576.7M	100x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,730.6	−0.154%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,730.8	−0.145%	$1.65B	$10.86B	100x	as long as short
Aster ETHUSDT	+0.0083%	8h	2,731.1	−0.135%	$253.0M	$846.9M	200x	as long as short
Phemex ETHUSDT	+0.0091%	8h	2,730.8	−0.146%	$262.9M	$64.5M	150x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,730.7	−0.150%	$188K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,731	−0.139%	$1.54B	$2.61B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,730.9	−0.143%	$6.33B	$16.11B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.7	−0.114%	$112.7M	$439.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.6	−0.079%	$23.5M	$103.5M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728.5	−0.230%	$4.9M	$171K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730.8	−0.146%	$502K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736.3	+0.055%	$15.4M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.3	−0.128%	$14.2M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733.4	−0.051%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.6	−0.079%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.3	−0.128%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.8	−0.108%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,731.8	−0.109%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.1	−0.134%	$3.31B	$9.05B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.1	−0.135%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.1	−0.136%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.5	−0.083%	$134.3M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.3	−0.127%	$185.7M	$682.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.6	−0.079%	$158.8M	$84.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,733.5	−0.048%	$21.0M	$70.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732.8	−0.072%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,732	−0.102%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.9	−0.107%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	−0.079%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,730.5	−0.157%	$957K	$10.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0102%	1h	2,733.1	−0.064%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.8	−0.182%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,731.9	−0.104%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.8	−0.109%	$46.5M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,731.7	−0.113%	$5.6M	$11.6M	25x	as long as short
Hibachi ETH/USDT-P	+0.0128%	1h	2,734.7	−0.005%	$243K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,732.9	−0.068%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0187%	1h	2,729.9	−0.178%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,731.1	−0.136%	$82.1M	$309.7M	100x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,731.7	−0.114%	$281.4M	$176.1M	150x	as long as short