Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.070%
Price spread now: Hyperliquid against Hotstuff+0.011%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Hyperliquid: Season 2 · 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: +$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ETH-PERP | 2,734.3 | −0.0080 | get 0.0010% / 1h | 6m 45s | $5K | $1K | 50x |
| Short | Hyperliquid ETH | 2,734.6 | 0.0100 | get 0.0013% / 1h | 6m 45s | $3.10B | $2.05B | 25x |
Hotstuff ETH-PERP
Hyperliquid ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.011% → 0.000%
- $1.1
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $24.9
- Costs to cover
- 0.140%
- Break-even
- 2.4 days
Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago | 0.18 bp | 4.7 bp −$5 | 4.7 bp −$47 | 6.8 bp −$676 | 8.7 bp −$4,362 |
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 | 2,732.7 | −0.059% | $297K | $5.6M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0141% | 1h | 2,734.2 | −0.004% | $117K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERPlong | −0.0080% | 1h | 2,734.3 | long leg | $5K | $1K | 50x | |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,733.3 | −0.037% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,734.5 | +0.006% | $10.7M | $41.9M | 50x | as long as short |
| 01 Exchange ETHUSD | 0.0000% | 1h | 2,733.1 | −0.044% | $187K | $822K | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,735.7 | +0.051% | $828K | $2.9M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,733.4 | −0.034% | $28.1M | — | 200x | as long as short |
| Bullet ETH-USD | +0.0013% | 1h | 2,732.8 | −0.056% | $179K | $1.7M | 20x | as long as short |
| HTX ETH-USDT | +0.0023% | 8h | 2,732.1 | −0.082% | $1.06B | $1.20B | 200x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
01 Exchange ETHUSD
Phoenix ETH
gTrade (Gains Network) ETH/USD
Bullet ETH-USD
HTX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDT | +0.0044% | 8h | 2,732.5 | −0.064% | — | $1.15B | — | as long as short |
| ApeX Omni ETHUSDT | +0.0055% | 1h | 2,734.1 | −0.009% | $8.7M | $31.3M | 100x | as long as short |
| Bybit ETHUSDT | +0.0055% | 8h | 2,732.1 | −0.080% | $2.38B | $4.35B | 150x | as long as short |
| KuCoin ETHUSDTM | +0.0065% | 8h | 2,732.9 | −0.050% | $380.2M | $573.5M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0074% | 8h | 2,732.4 | −0.068% | $1.67B | $10.71B | 100x | as long as short |
| Phemex ETHUSDT | +0.0078% | 8h | 2,732.9 | −0.050% | $265.6M | $65.2M | 150x | as long as short |
| Aster ETHUSDT | +0.0085% | 8h | 2,732.7 | −0.057% | $250.9M | $842.0M | 200x | as long as short |
| MEXC ETH_USDT | +0.0094% | 8h | 2,732.6 | −0.062% | $1.55B | $2.57B | 500x | as long as short |
| Deribit ETH-PERPETUAL | +0.0094% | 1h | 2,734.3 | −0.001% | $259.7M | $196.2M | 50x | as long as short |
| Binance ETHUSDT | +0.0094% | 8h | 2,732.6 | −0.063% | $6.35B | $15.87B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,733.3 | −0.038% | $112.8M | $441.6M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,734.4 | +0.003% | $23.5M | $106.7M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,733.4 | −0.032% | — | $30.9M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,730.5 | −0.140% | $4.9M | $155K | 20x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,736.7 | +0.089% | $15.5M | $8.0M | 50x | as long as short |
| RISEx ETH/USDC | +0.0099% | 1h | 2,733.1 | −0.045% | $5.6M | $11.6M | 25x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,732.4 | −0.069% | $499K | $3.2M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,732.6 | −0.063% | $13.6M | $104.3M | 50x | as long as short |
| Hyperliquid ETHshort | +0.0100% | 1h | 2,734.6 | +0.011% | $3.10B | $2.05B | 25x | |
| Pacifica ETH | +0.0100% | 1h | 2,733.8 | −0.019% | $32.0M | $335.0M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,732.7 | −0.059% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,733.2 | −0.041% | $1.6M | $16.0M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,732.6 | −0.061% | $3.34B | $8.93B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,732.2 | −0.077% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,732.4 | −0.069% | $15.0M | $39.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,733.2 | −0.040% | $133.8M | $324.8M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,733.8 | −0.019% | $183.9M | $670.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,733.4 | −0.034% | $159.0M | $86.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,734.8 | +0.018% | $21.1M | $68.4M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,733.7 | −0.021% | — | $843K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,734.4 | +0.004% | $11.2M | $9.3M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,733.4 | −0.033% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,734.7 | +0.015% | $41.3M | $29.8M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,731.6 | −0.098% | $959K | $11.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,732.9 | −0.051% | $54.4M | $187.6M | 40x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,732.6 | −0.062% | $165.4M | $300.2M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,731.7 | −0.094% | $30.4M | $72.8M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,734.1 | −0.008% | $51.3M | $4.27B | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0120% | 1h | 2,734 | −0.011% | $30K | $20K | 20x | as long as short |
| Kalshi KXETHPERP | +0.0132% | 8h | 2,733.2 | −0.040% | $6.7M | $678.5M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0197% | 8h | 2,735.6 | +0.048% | $32.2M | $11.7M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0217% | 1h | 2,732.1 | −0.081% | $7.3M | $1.2M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0222% | 1h | 2,733.6 | −0.027% | $83.2M | $314.8M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0272% | 1h | 2,736.1 | +0.067% | $249K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0378% | 8h | 2,733 | −0.046% | $282.9M | $175.6M | 150x | as long as short |
BingX ETH-USDT
ApeX Omni ETHUSDT
Bybit ETHUSDT
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Aster ETHUSDT
MEXC ETH_USDT
Deribit ETH-PERPETUAL
Binance ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Paradex ETH-USD-PERP
RISEx ETH/USDC
Katana Perps ETH-USD
Nado ETH-PERP
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
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
Bulk ETH-USD
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Aftermath Perps ETHUSD
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P
BloFin ETH-USDT