ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Polymarket Perps−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ETH-USD	2,748.7	0.0100	pay 0.0013% / 1h	21m 14s	$11.0M	$8.8M	50x
Short	Hotstuff ETH-PERP	2,748.1	−0.0080	pay 0.0010% / 1h	21m 14s	$5K	$1K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Polymarket 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee HotstuffbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$37.8
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$52.98
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 3 min ago	0.18 bp	4.9 bp −$5	6.3 bp −$63	13.0 bp −$1,303	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERPshort	−0.0080%	1h	2,748.1	−0.022%	$5K	$1K	50x
Injective ETH/USDC PERP	−0.0044%	1h	2,742.7	−0.218%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,746.6	−0.077%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.5	−0.045%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,747.7	−0.037%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,746.7	−0.073%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,742.3	−0.233%	$847K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,748.2	−0.018%	$182K	$863K	50x	as long as short
ApeX Omni ETHUSDT	+0.0041%	1h	2,744	−0.170%	$8.8M	$30.8M	100x	as long as short
BingX ETH-USDT	+0.0053%	8h	2,746.3	−0.086%	—	$1.15B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0066%	8h	2,746.3	−0.089%	$1.71B	$10.56B	100x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,746.2	−0.091%	$382.2M	$576.2M	100x	as long as short
Bullet ETH-USD	+0.0075%	1h	2,746.5	−0.081%	$183K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,748.1	−0.022%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,747.6	−0.040%	$253.6M	$841.4M	200x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,746.3	−0.087%	$1.56B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0095%	8h	2,746.1	−0.095%	$6.38B	$15.66B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,746.2	−0.091%	$113.0M	$435.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.6	−0.040%	$24.6M	$104.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.8	−0.070%	—	$30.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,744.5	−0.153%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,748	−0.026%	$58.3M	$4.26B	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,752.3	+0.131%	$16.0M	$7.9M	50x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,745.8	−0.106%	$54.7M	$187.6M	40x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,747.3	−0.051%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.5	−0.042%	$13.9M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.5	−0.007%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,747.8	−0.032%	$31.7M	$334.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,746.8	−0.071%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,746.8	−0.069%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748.1	−0.022%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.233%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,746.4	−0.082%	$3.39B	$8.75B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,746.5	−0.079%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,745.8	−0.104%	$15.0M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740	−0.317%	$132.7M	$328.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,741	−0.280%	$182.2M	$672.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.9	−0.139%	$159.6M	$83.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,745.1	−0.131%	$21.2M	$67.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,748	−0.026%	—	$815K	50x	as long as short
Polymarket Perps ETH-USDlong	+0.0100%	1h	2,748.7	long leg	$11.0M	$8.8M	50x
Derive ETH-PERP	+0.0100%	1h	2,747.7	−0.035%	$41.5M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,747.2	−0.055%	$964K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,746.2	−0.093%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747.2	−0.056%	$267.1M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,745.3	−0.124%	$30.6M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0127%	1h	2,744.7	−0.146%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,747.1	−0.058%	$7.8M	$669.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0191%	1h	2,747.5	−0.045%	$259.8M	$196.6M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,748.7	0.000%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,746.9	−0.065%	$86.7M	$310.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,747	−0.061%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,746	−0.098%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0255%	1h	2,746.8	−0.071%	$21K	$20K	25x	as long as short
BloFin ETH-USDT	+0.0326%	8h	2,745.7	−0.108%	$285.1M	$181.1M	150x	as long as short