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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Vest+0.028%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 airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.028% dearer against Vest than usual: you sell high and buy low (spread +0.028% 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
LongVest ETH-PERP2,778.50.0096pay 0.0012% / 1h59m 49s$1.1M50x
ShortHotstuff ETH-PERP2,779.3−0.0080pay 0.0010% / 1h59m 49s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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
−$36.93
Price spread: +0.028% → 0.000%
$2.84
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$41.08
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Vest: 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 Vest no order-book sample
Sell Hotstuff no order-book sample
Vest 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%43m2,778.3−0.006%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.3−0.009%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,779.3+0.028%$5K$2K50x
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.245%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778.3−0.008%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.075%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.032%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.105%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.2+0.026%$22.4M200xas long as short
BingX ETH-USDT+0.0014%8h2,777.8−0.026%$1.21Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,777.7−0.029%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778−0.020%$270.6M$68.8M150xas long as short
Bullet ETH-USD+0.0022%1h2,778.3−0.009%$182K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.023%$13.0M200xas long as short
Aster ETHUSDT+0.0034%8h2,778−0.020%$254.8M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,779.7+0.041%$258.7M$222.8M50xas long as short
Nado ETH-PERP+0.0054%1h2,778.4−0.004%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.035%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,777.7−0.030%$1.60B$2.68B500xas long as short
SoDEX ETH-USD+0.0060%1h2,777.8−0.026%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,777.8−0.027%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1−0.087%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,777.7−0.029%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777.8−0.025%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0087%8h2,778.2−0.013%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,776.7−0.064%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,778.1−0.014%$423.5M$739.5M100xas long as short
Vest ETH-PERPlong+0.0096%1h2,778.5long leg$1.1M50x
Lighter ETH+0.0096%1h2,777.7−0.030%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,778.6+0.003%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.5−0.036%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.4−0.004%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.6+0.073%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1−0.015%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.047%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.7+0.042%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.020%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778−0.020%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.093%$147.5M$336.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,777−0.053%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.101%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.080%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.046%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.8+0.010%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.079%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.8−0.027%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,777.3−0.042%$32.6M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,779.3+0.027%$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.025%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3−0.008%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,781.2+0.096%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.022%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.074%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.3−0.007%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5−0.036%$270K$1.5M20xas long as short