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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 04:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.039%
Price spread now: Hotstuff against Bitget+0.016%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,735.20.0100pay 0.0100% / 8h4h 51m$2.07B$2.72B150x
ShortHotstuff ETH-PERP2,735.6−0.0080pay 0.0010% / 1h51m 49s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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
−$37.8
Price spread: +0.016% → 0.000%
$1.65
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$53.15
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bitget: 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 Bitget live order book, 2 min ago0.02 bp6.0 bp −$66.1 bp −$617.9 bp −$788doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,735.6+0.015%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.188%$118K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,735.6+0.016%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736+0.032%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.7+0.094%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736+0.031%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.221%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.2+0.037%$25.5M—200xas long as short
SoDEX ETH-USD+0.0045%1h2,735.2+0.002%$54.5M$187.6M40xas long as short
Bullet ETH-USD+0.0051%1h2,735.4+0.011%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,735−0.007%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0070%8h2,735.2+0.001%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,736.1+0.034%$380.2M$573.3M100xas long as short
Aster ETHUSDT+0.0084%8h2,735.9+0.029%$253.0M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.2−0.071%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,735.8+0.024%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0092%8h2,734.8−0.012%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,735.9+0.028%$112.6M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.7+0.058%$24.4M$103.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.5+0.087%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.9+0.026%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.8+0.168%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.8−0.013%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.6+0.016%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.2+0.075%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737+0.068%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,735−0.005%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.5−0.024%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.5+0.013%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.205%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.3+0.004%$3.38B$8.68B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,735.2long leg$2.07B$2.72B150x
Backpack ETH_USDC_PERP+0.0100%1h2,735.3+0.005%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.212%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.172%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4+0.080%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.008%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.152%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.6+0.090%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.3+0.079%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.5+0.085%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.4−0.028%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.7+0.018%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,735.1−0.003%$265.8M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,735.3+0.007%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.087%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0125%1h2,739.7+0.166%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,737.3+0.079%$7.7M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,736.7+0.058%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,738.1+0.106%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4+0.119%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.9+0.029%$85.9M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.8+0.022%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.6+0.162%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1676%1h2,736.3+0.040%$21K$20K25xas long as short