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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Paradex+0.030%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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.030% dearer against Paradex than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,775.80.0100pay 0.0100% / 8h2h 15m$15.9M$10.8M50x
ShortHotstuff ETH-PERP2,776.6−0.0080pay 0.0010% / 1h15m 40s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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
−$37.74
Price spread: +0.030% → 0.000%
$2.95
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$43.79
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Paradex: live order book, 4 min ago; 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 Paradex live order book, 4 min ago62.34 bp64.3 bp −$6464.3 bp −$643doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
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−0.0112%43m2,777.6+0.065%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6+0.030%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,776.6+0.030%$5K$2K50x
01 Exchange ETHUSD−0.0048%1h2,776.1+0.012%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.087%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,775.7−0.005%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD0.0000%1h2,776.7+0.032%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777+0.043%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.8+0.037%$22.4M200xas long as short
Phemex ETHUSDT+0.0014%8h2,776.4+0.021%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776+0.008%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.2+0.050%$13.2M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.068%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0040%8h2,776.2+0.014%$256.7M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,777.9+0.075%$258.5M$225.0M50xas long as short
Aevo ETH-PERP+0.0048%1h2,774.9−0.032%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0050%8h2,776.3+0.019%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0052%8h2,776.2+0.015%$6.44B$17.23B150xas long as short
Gate ETH_USDT+0.0075%8h2,776.1+0.012%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,775.9+0.004%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,776.4+0.022%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.035%$141.1M$320.7Mas long as short
Lighter ETH+0.0096%1h2,776.7+0.034%$115.1M$514.7M50xas long as short
Lighter RH ETH+0.0096%1h2,778.2+0.086%$25.4M$123.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.9+0.042%$41.7M500xas long as short
Paradex ETH-USD-PERPlong+0.0100%8h2,775.8long leg$15.9M$10.8M50x
Katana Perps ETH-USD+0.0100%8h2,776.3+0.019%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,778.9+0.112%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.8+0.109%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.7+0.033%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.2+0.014%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.9+0.004%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.5+0.061%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.083%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.2+0.015%$423.3M$741.8M100xas long as short
BingX ETH-USDC+0.0100%8h2,776+0.009%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.2+0.017%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,777.2+0.051%$179.9M$795.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.004%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8+0.037%$21.4M$57.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.094%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.5+0.061%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.100%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,778.3+0.089%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2+0.015%$55.3M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,776+0.008%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.2+0.085%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.5−0.009%$31.4M$75.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.6+0.067%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,779.8+0.145%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.2+0.124%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.113%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,776.6+0.030%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.064%$86.8M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,780+0.151%$282K$1.5M20xas long as short