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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%
Price spread now: Katana Perps against Hotstuff+0.007%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Katana Perps
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
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,774.5−0.0080get 0.0010% / 1h32m 25s$5K$2K50x
ShortKatana Perps ETH-USD2,774.70.0100get 0.0100% / 8h32m 25s$478K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana 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
$37.76
Price spread: +0.007% → 0.000%
$0.72
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$29.68
Costs to cover
0.088%
Break-even
1.5 days
Slippage unknown: Hotstuff: no order-book sample; Katana 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 Katana Perps no order-book sample—————
Hotstuff and Katana 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
Perpl ETH−0.0447%43m2,774.3−0.009%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774.9+0.014%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.267%$119K$22.5M52xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,774.5long leg$5K$2K50x
ApeX Omni ETHUSDT−0.0049%1h2,775.4+0.032%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.2+0.025%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6+0.005%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.148%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.3+0.030%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0011%1h2,777.2+0.096%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,774.5−0.002%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,774−0.018%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.2+0.026%$12.9M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,774.3−0.007%$270.4M$69.0M150xas long as short
Aster ETHUSDT+0.0034%8h2,774.4−0.004%$256.5M$1.00B200xas long as short
Bullet ETH-USD+0.0048%1h2,774.4−0.002%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,774.3−0.007%$55.2M$229.1M40xas long as short
MEXC ETH_USDT+0.0061%8h2,774.4−0.003%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0062%8h2,774.5−0.001%$6.46B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,771.4−0.112%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,773.9−0.023%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,775.8+0.047%$259.0M$222.3M50xas long as short
Gate ETH_USDT+0.0072%8h2,774.7+0.006%$3.29B$9.64B200xas long as short
KuCoin ETHUSDTM+0.0087%8h2,774.8+0.010%$421.7M$739.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775.3+0.027%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,774.3−0.008%$2.51B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,775.1+0.020%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,774.2−0.011%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.3+0.030%$116.0M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.4+0.067%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.8+0.012%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.8−0.024%$15.9M$10.2M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,774.7+0.007%$478K$2.7M50x
Nado ETH-PERP+0.0100%1h2,774.8+0.012%$14.4M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.087%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775.1+0.022%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.3−0.007%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.9+0.052%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.122%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.2−0.013%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.045%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.080%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.072%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,775.4+0.032%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2+0.025%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1+0.022%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.4+0.068%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.3−0.009%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,774.3−0.006%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0117%8h2,775+0.018%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.1+0.023%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,777+0.091%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,774−0.019%$286.4M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,774.6+0.003%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,775.4+0.032%$252K$1.6M20xas long as short