ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Arcus−0.029%7-day average — · you buy dearer than you sell

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

Long on Arcus 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 0.029% cheaper against Arcus than usual: you would sell low and buy high (−$3 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	Arcus ETH-USD	2,732.8	0.0100	pay 0.0013% / 1h	17m 20s	$1.5M	$16.2M	25x
Short	Hotstuff ETH-PERP	2,732	−0.0080	pay 0.0010% / 1h	17m 20s	$5K	$1K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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 ArcusbpFee HotstuffbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$37.8
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$50.19
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 2 min ago	0.09 bp	2.7 bp −$3	3.5 bp −$35	6.7 bp −$674	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
Perpl ETH	−0.0447%	43m	2,731.7	−0.041%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERPshort	−0.0080%	1h	2,732	−0.029%	$5K	$1K	50x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.7	−0.038%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,725.4	−0.270%	$815K	$3.0M	25x	as long as short
HTX ETH-USDT	−0.0004%	8h	2,732.6	−0.007%	$1.05B	$1.22B	200x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,732	−0.030%	$32.9M	—	200x	as long as short
dYdX ETH-USD	+0.0007%	1h	2,732.3	−0.019%	$10.4M	$42.6M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.8	−0.073%	$117K	$22.5M	52x	as long as short
BingX ETH-USDC	+0.0035%	8h	2,731	−0.065%	—	$18.5M	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,732.7	−0.003%	$191K	$842K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,731.6	−0.045%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0077%	8h	2,731.8	−0.037%	$958K	$11.1M	100x	as long as short
KuCoin ETHUSDTM	+0.0078%	8h	2,732	−0.031%	$375.2M	$577.9M	100x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,731.6	−0.044%	$181K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0084%	1h	2,726.9	−0.217%	$30K	$20K	20x	as long as short
Phemex ETHUSDT	+0.0088%	8h	2,732.8	+0.002%	$263.4M	$65.0M	150x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,732.2	−0.022%	$252.4M	$846.1M	200x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,731.8	−0.035%	$1.54B	$2.60B	500x	as long as short
Binance ETHUSDT	+0.0096%	8h	2,731.8	−0.037%	$6.34B	$16.11B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,731.7	−0.039%	$112.4M	$435.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733	+0.007%	$23.5M	$104.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.6	−0.116%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0097%	8h	2,731.5	−0.047%	$1.66B	$10.87B	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.5	−0.047%	$505K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736	+0.118%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.7	−0.040%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.1	+0.048%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.3	−0.017%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.9	−0.069%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,732.8	long leg	$1.5M	$16.2M	25x
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.376%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.7	−0.041%	$3.29B	$9.04B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.6	−0.042%	$2.09B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.8	−0.037%	$15.0M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.5	−0.304%	$133.3M	$327.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.3	−0.272%	$184.6M	$678.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−0.044%	$158.9M	$87.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,729.9	−0.105%	$8.7M	$31.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.7	−0.040%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	+0.016%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.6	+0.030%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.1	−0.026%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,733.6	+0.029%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,732.7	−0.003%	$54.4M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.3	−0.054%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.1	−0.027%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,734.1	+0.046%	$49.8M	$4.32B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,732.6	−0.009%	$5.6M	$11.8M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0131%	1h	2,733.1	+0.013%	$259.3M	$207.7M	50x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,732	−0.029%	$7.0M	$692.3M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,733.5	+0.026%	$83.3M	$311.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,734.2	+0.052%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,730.9	−0.070%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,733.1	+0.010%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0376%	8h	2,731	−0.064%	$281.5M	$174.8M	150x	as long as short