ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.022%

Price spread now: Injective against Hotstuff−0.138%45s7-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 Injective

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.138% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 45 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	2,746.5	−0.0080	get 0.0010% / 1h	19m 59s	$5K	$1K	50x
Short	Injective ETH/USDC PERP	2,742.7	−0.0044	pay 0.0005% / 1h	19m 59s	$118K	$22.5M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.138%Rate

Funding earned: $7.58
Price spread: −0.138% → 0.000%: −$13.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$11.28
Costs to cover: 0.050%
Break-even: 17.4 days

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell Injective live order book, 4 min ago	15.10 bp	45.9 bp −$46	47.0 bp −$470	47.1 bp −$4,711	doesn't fit

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
Hotstuff ETH-PERPlong	−0.0080%	1h	2,746.5	long leg	$5K	$1K	50x
Injective ETH/USDC PERPshort	−0.0044%	1h	2,742.7	−0.138%	$118K	$22.5M	52x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,745.2	−0.049%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.5	+0.035%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,746.2	−0.012%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,745.2	−0.049%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,742.3	−0.153%	$847K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,746	−0.018%	$182K	$863K	50x	as long as short
ApeX Omni ETHUSDT	+0.0041%	1h	2,744	−0.090%	$8.8M	$30.8M	100x	as long as short
BingX ETH-USDT	+0.0053%	8h	2,744.4	−0.076%	—	$1.15B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0066%	8h	2,745	−0.055%	$1.70B	$10.55B	100x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,744.4	−0.076%	$381.7M	$575.5M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,744.6	−0.068%	$183K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,745.6	−0.034%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,745	−0.056%	$253.3M	$841.1M	200x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,744.4	−0.078%	$1.56B	$2.55B	500x	as long as short
SoDEX ETH-USD	+0.0096%	1h	2,744.2	−0.084%	$54.7M	$187.6M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,744.5	−0.072%	$112.9M	$435.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745.8	−0.025%	$24.6M	$104.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.7	+0.007%	—	$30.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,742.3	−0.153%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,745.9	−0.022%	$58.2M	$4.25B	50x	as long as short
Binance ETHUSDT	+0.0097%	8h	2,744.2	−0.082%	$6.38B	$15.67B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.7	+0.154%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,745.3	−0.044%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,745	−0.054%	$13.9M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,746.8	+0.011%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.4	−0.004%	$31.7M	$334.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,744.7	−0.066%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.3	−0.044%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746	−0.019%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.153%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,744.7	−0.064%	$3.39B	$8.75B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744.4	−0.078%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744	−0.091%	$15.0M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,745.8	−0.026%	$133.3M	$326.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,741	−0.200%	$182.2M	$672.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.9	−0.059%	$159.6M	$83.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,747.9	+0.051%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,746.1	−0.014%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,746.1	−0.015%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,746.2	−0.012%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,745.3	−0.045%	$963K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,744.6	−0.069%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.3	−0.080%	$266.8M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.5	−0.108%	$30.6M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0126%	1h	2,745	−0.056%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0154%	1h	2,745.9	−0.021%	$259.8M	$196.4M	50x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,746.1	−0.015%	$7.8M	$669.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,746.7	+0.008%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,745.2	−0.047%	$86.7M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,744.3	−0.080%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,747.4	+0.034%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0326%	8h	2,745.7	−0.028%	$285.1M	$181.1M	150x	as long as short
Bluefin ETH-PERP	+0.0348%	1h	2,772.8	+0.957%	$21K	$20K	25x	as long as short