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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.055%
Price spread now: Hotstuff against Ondo Perps+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Hotstuff
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 airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.036% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,7410.0100pay 0.0013% / 1h54m 46s$2.7M$16.9M25x
ShortHotstuff ETH-PERP2,742−0.0080pay 0.0010% / 1h54m 46s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Ondo Perps. 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: +0.036% → 0.000%
$3.65
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$44.15
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Hotstuff: 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 Ondo Perps no order-book sample—————
Sell Hotstuff no order-book sample—————
Ondo Perps and 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%43m2,739.8−0.045%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.1−0.033%$118K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,742+0.036%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.7−0.011%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.002%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.8−0.007%$182K$834K50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,740.8−0.008%$25.4M—200xas long as short
Phoenix ETH+0.0017%1h2,739−0.073%$832K$2.9M25xas long as short
BingX ETH-USDC+0.0055%8h2,740.2−0.028%—$18.4M—as long as short
Bullet ETH-USD+0.0067%1h2,740−0.035%$181K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,739.8−0.044%$1.69B$10.60B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,740.5−0.019%$380.9M$573.8M100xas long as short
SoDEX ETH-USD+0.0074%1h2,740.2−0.029%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0084%8h2,740.7−0.010%$253.5M$840.3M200xas long as short
Aevo ETH-PERP+0.0088%1h2,737.9−0.115%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0090%8h2,740−0.038%$1.56B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,740.2−0.028%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,741.2+0.009%$112.7M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,742.4+0.053%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.001%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.3+0.011%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.2+0.117%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.3−0.026%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.3−0.027%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.8+0.066%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.8−0.006%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,739.9−0.039%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,741long leg$2.7M$16.9M25x
Arcus ETH-USD+0.0100%1h2,741.3+0.012%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.047%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1+0.004%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741+0.001%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.8−0.007%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741−0.002%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.9−0.222%$181.8M$664.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.133%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.221%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,742+0.036%$21.2M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.5−0.019%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.3+0.011%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,742.2+0.042%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740−0.038%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,740.3−0.025%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8−0.009%$266.3M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740.5−0.018%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,742.2+0.044%$52.7M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,740.4−0.022%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,741.3+0.011%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,742.9+0.070%$32.3M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,741.9+0.033%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,740.1−0.034%$285.8M$175.4M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.009%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,739.1−0.070%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.7+0.062%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.3103%1h2,740.9−0.005%$21K$20K25xas long as short