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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Jupiter Perps against Hotstuff+0.017%7-day average · you sell dearer than you buy
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 · 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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,744.9−0.0080get 0.0010% / 1h22m 13s$5K$1K50x
ShortJupiter Perps ETH-PERP2,745.4L +0.0096% / S +0.0056%pay 0.0007% / 1h22m 13s$30.5M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
$5.04
Price spread: +0.017% → 0.000%
$1.67
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$10.29
Costs to cover
0.170%
Break-even
21.3 days
Slippage unknown: Hotstuff: no order-book sample; Jupiter Perps: 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 Jupiter Perps no order-book sample
Hotstuff and Jupiter Perps: 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
Hotstuff ETH-PERPlong−0.0080%1h2,744.9long leg$5K$1K50x
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.080%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.9+0.111%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,746+0.038%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,747.1+0.082%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,748+0.114%$25.0M200xas long as short
Phoenix ETH+0.0017%1h2,742.3−0.095%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.9+0.109%$182K$863K50xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,742.2−0.098%$8.8M$30.8M100xas long as short
BingX ETH-USDC+0.0051%8h2,748.3+0.123%$18.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,746.1+0.044%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,748+0.111%$382.6M$577.8M100xas long as short
Bullet ETH-USD+0.0075%1h2,747.5+0.095%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,747.9+0.110%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,747.3+0.087%$253.5M$841.5M200xas long as short
MEXC ETH_USDT+0.0094%8h2,747.3+0.086%$1.55B$2.55B500xas long as short
Binance ETHUSDT+0.0095%8h2,747.7+0.102%$6.39B$15.66B150xas long as short
Lighter ETH+0.0096%1h2,747.8+0.105%$112.9M$434.6M50xas long as short
Lighter RH ETH+0.0096%1h2,748+0.111%$24.6M$104.0M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0096% / S +0.0056%1h2,745.4+0.017%$30.5M500x
Aevo ETH-PERP+0.0096%1h2,745.3+0.015%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,749.4+0.164%$58.4M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.3+0.232%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2+0.084%$471K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.5+0.094%$13.9M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.1+0.190%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.6+0.098%$31.7M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6+0.060%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745+0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.8+0.106%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.095%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.8+0.107%$3.39B$8.75B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.9+0.110%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.3−0.022%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,740−0.179%$132.7M$328.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,741−0.142%$182.2M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.9−0.217%$159.3M$84.0M50xas long as short
StandX ETH-USD+0.0100%1h2,745.1+0.007%$21.2M$67.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.8+0.107%$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.7+0.138%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,749.5+0.166%$41.6M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.1+0.079%$963K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.5+0.095%$54.7M$187.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,746.9+0.073%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747.7+0.100%$267.2M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,747+0.078%$30.6M$71.9M50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,744.1−0.029%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747.1+0.080%$7.5M$669.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0192%8h2,750.4+0.199%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,748.5+0.132%$86.8M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,747.2+0.085%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,746+0.040%$252K$1.4M20xas long as short
Deribit ETH-PERPETUAL+0.0252%1h2,749.4+0.164%$259.8M$196.7M50xas long as short
Bluefin ETH-PERP+0.0275%1h2,748.3+0.124%$21K$20K25xas long as short
BloFin ETH-USDT+0.0346%8h2,744.6−0.010%$285.8M$181.2M150xas long as short