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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 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: StandX against Hotstuff+0.072%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 StandX
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 · StandX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and StandX is 0.072% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,771.8−0.0080get 0.0010% / 1h51m 25s$5K$2K50x
ShortStandX ETH-USD2,773.80.0100get 0.0013% / 1h51m 25s$21.4M$57.9M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$37.8
Price spread: +0.072% → 0.000%
$7.22
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$32.02
Costs to cover
0.130%
Break-even
1.1 days
Slippage unknown: Hotstuff: no order-book sample; StandX: live order book, 3 min ago. 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 StandX live order book, 3 min ago1.44 bp5.9 bp −$67.1 bp −$7111.1 bp −$1,112doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,771.6−0.007%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770.6−0.042%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,771.8long leg$5K$2K50x
Injective ETH/USDC PERP−0.0041%1h2,773.2+0.051%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.9−0.032%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,772.3+0.018%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,771.2−0.022%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,772+0.007%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.017%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,771.3−0.017%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.3−0.056%$1.71B$11.84B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.1−0.025%$267.0M$65.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2+0.013%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,771.3−0.018%$256.3M$993.1M200xas long as short
Nado ETH-PERP+0.0038%1h2,771.1−0.024%$14.3M$118.5M50xas long as short
Bullet ETH-USD+0.0039%1h2,771−0.030%$182K$1.8M20xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,773.9+0.075%$288K$1.5M20xas long as short
MEXC ETH_USDT+0.0053%8h2,771−0.027%$1.61B$2.63B500xas long as short
Binance ETHUSDT+0.0053%8h2,771.5−0.010%$6.43B$17.17B150xas long as short
Aevo ETH-PERP+0.0056%1h2,770.2−0.058%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0073%1h2,771.3−0.018%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,770.7−0.039%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0082%8h2,770.4−0.051%$3.29B$9.54B200xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,773.2+0.052%$258.4M$224.9M50xas long as short
Lighter ETH+0.0096%1h2,771.1−0.026%$114.9M$495.8M50xas long as short
Lighter RH ETH+0.0096%1h2,773.2+0.049%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.014%—$41.7M500xas long as short
HTX ETH-USDT+0.0098%8h2,771.1−0.025%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1+0.013%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,770−0.065%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2−0.022%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.8+0.036%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.1−0.024%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.2−0.021%$2.51B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770−0.065%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.4+0.022%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.043%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.5−0.046%$423.8M$740.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.1+0.011%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.5+0.026%$179.7M$779.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.156%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.8−0.001%$8.7M$32.7M100xas long as short
StandX ETH-USDshort+0.0100%1h2,773.8+0.072%$21.4M$57.9M40x
Vest ETH-PERP+0.0100%1h2,771.4−0.013%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.029%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.1+0.009%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.9+0.075%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.2+0.015%$973K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,769.9−0.067%$31.4M$75.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4+0.022%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,772.3+0.018%$8.5M$673.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,773.7+0.068%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772.3+0.018%$86.1M$330.8M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.8−0.036%$286.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,770.9−0.033%$7.3M$1.1M25xas long as short