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 22:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.044%
Price spread now: Hotstuff against SoDEX+0.065%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort 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 airdropHotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.065% dearer against SoDEX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,770.80.0070pay 0.0009% / 1h52m 05s$55.2M$228.6M40x
ShortHotstuff ETH-PERP2,772.6−0.0080pay 0.0010% / 1h52m 05s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against SoDEX. 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
−$31.43
Price spread: +0.065% → 0.000%
$6.5
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$37.93
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.6 bp −$56431.7 bp −$15.9K
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−0.0447%43m2,771+0.007%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0318%1h2,773.3+0.088%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.141%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,772.6+0.065%$5K$2K50x
01 Exchange ETHUSD−0.0072%1h2,770.80.000%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.213%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771+0.006%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,773+0.079%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.9+0.038%$22.4M—200xas long as short
Phemex ETHUSDT+0.0022%8h2,771+0.008%$266.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,769.9−0.034%$1.70B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.3+0.054%$13.0M—200xas long as short
Aftermath Perps ETHUSD+0.0034%1h2,776.8+0.216%$29K$22K20xas long as short
Binance ETHUSDT+0.0044%8h2,770.2−0.021%$6.44B$17.26B150xas long as short
MEXC ETH_USDT+0.0044%8h2,770.2−0.023%$1.60B$2.62B500xas long as short
Aster ETHUSDT+0.0046%8h2,770.7−0.002%$256.1M$999.2M200xas long as short
Aevo ETH-PERP+0.0048%1h2,768.2−0.093%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0056%8h2,770.2−0.023%$3.29B$9.53B200xas long as short
SoDEX ETH-USDlong+0.0070%1h2,770.8long leg$55.2M$228.6M40x
Bitget ETHUSDT+0.0074%8h2,769.9−0.032%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0081%1h2,771.2+0.014%$188K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.178%$140.7M$320.1M—as long as short
Lighter ETH+0.0096%1h2,770.8+0.001%$115.2M$507.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.052%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.7+0.069%—$42.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.6+0.065%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.6+0.029%$492K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.80.000%$16.1M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,773+0.081%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.9+0.040%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770−0.029%$2.51B$4.66B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.1+0.011%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,773+0.079%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.351%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.2−0.023%$426.4M$745.4M100xas long as short
BingX ETH-USDT+0.0100%8h2,770−0.031%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.9+0.003%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.5+0.133%$177.5M$786.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.225%$161.5M$98.2M50xas long as short
StandX ETH-USD+0.0100%1h2,773.9+0.112%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.3+0.053%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.065%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.8+0.035%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.5+0.097%$42.9M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.6−0.006%$972K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.5−0.011%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.3−0.019%$31.6M$76.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.2+0.052%$60.4M$4.66B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,772.2+0.051%$8.6M$671.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,772.7+0.067%$258.9M$223.5M50xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,773.6+0.102%$32.5M$11.7M100xas long as short
BloFin ETH-USDT+0.0164%8h2,773.2+0.085%$287.2M$197.4M150xas long as short
Reya ETHRUSDPERP+0.0193%1h2,770.4−0.013%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,772.2+0.049%$88.5M$331.1M100xas long as short
Hibachi ETH/USDT-P+0.0368%1h2,774.6+0.138%$273K$1.5M20xas long as short