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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 23:29 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.019%
Price spread now: Hotstuff against Perpl+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PerplShort on Hotstuff
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 airdropPerpl: Active · Hotstuff: 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: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,772.5−0.0223get 0.0020% / 43m12m 05s$286K$6.9M8.3x
ShortHotstuff ETH-PERP2,772.9−0.0080pay 0.0010% / 1h16m 05s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Perpl. 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
$30.08
Price spread: +0.016% → 0.000%
$1.59
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$12.87
Costs to cover
0.188%
Break-even
4.0 days
Slippage unknown: Perpl: 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 Perpl no order-book sample—————
Sell Hotstuff no order-book sample—————
Perpl 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 ETHlong−0.0223%43m2,772.5long leg$286K$6.9M8.3x
RISEx ETH/USDC−0.0206%1h2,773+0.018%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.374%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,772.9+0.016%$5K$2K50x
ApeX Omni ETHUSDT−0.0026%1h2,773+0.019%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,773.4+0.034%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,773.5+0.037%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,769.9−0.092%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.9+0.014%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.6+0.004%$1.70B$11.89B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772.8+0.011%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0026%1h2,772.40.000%$29K$22K20xas long as short
Phemex ETHUSDT+0.0030%8h2,772.3−0.006%$270.3M$68.9M150xas long as short
Aster ETHUSDT+0.0033%8h2,772.50.000%$255.9M$1.00B200xas long as short
SoDEX ETH-USD+0.0040%1h2,772.5+0.001%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0043%1h2,772.2−0.009%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,770.1−0.086%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0057%8h2,772.5+0.002%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0058%8h2,772.4−0.002%$6.46B$17.31B150xas long as short
Bitget ETHUSDT+0.0065%8h2,772.5+0.002%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,772.6+0.004%$3.29B$9.68B200xas long as short
Deribit ETH-PERPETUAL+0.0071%1h2,774.2+0.061%$259.0M$222.4M50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.50.000%$421.2M$739.2M100xas long as short
BingX ETH-USDT+0.0088%8h2,772.6+0.004%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,773.9+0.053%$60.3M$4.60B50xas long as short
Bybit ETHUSDT+0.0088%8h2,772.7+0.008%$2.51B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,773.2+0.028%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,772.2−0.008%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.1+0.021%$115.2M$500.2M50xas long as short
Lighter RH ETH+0.0096%1h2,774.5+0.074%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2+0.025%—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773+0.020%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.6+0.005%$476K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.6+0.006%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,775+0.092%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,773.6+0.040%$31.3M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.8+0.012%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.9+0.051%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.018%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.6+0.004%$15.1M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,772.7+0.009%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.2−0.046%$181.9M$784.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,773+0.019%$161.2M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2−0.045%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.019%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.3+0.030%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,772.1−0.012%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,774.5+0.073%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,771.9−0.021%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0112%8h2,773.5+0.038%$8.3M$687.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,773.8+0.049%$89.1M$337.3M100xas long as short
Orderly PERP_ETH_USDC+0.0142%8h2,774.7+0.082%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0178%8h2,772.1−0.013%$286.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,772.5+0.003%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,772.2−0.010%$252K$1.6M20xas long as short