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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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
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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−0.0180%/8h= −19.7% APRpaid last 24h −0.051%
Price spread now: Hotstuff against Bybit+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort 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 0.029% dearer against Bybit than usual: you sell high and buy low (spread +0.029% 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
LongBybit ETHUSDT2,777.30.0100pay 0.0100% / 8h2h 23m$2.52B$4.64B150x
ShortHotstuff ETH-PERP2,778.1−0.0080pay 0.0010% / 1h23m 39s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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: +0.029% → 0.000%
$2.92
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$50.88
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago0.02 bp5.5 bp −$65.5 bp −$557.5 bp −$75310.8 bp −$5,375
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−0.0112%43m2,776−0.046%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.403%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,778.1+0.029%$5K$2K50x
01 Exchange ETHUSD−0.0056%1h2,777.30.000%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.140%$798K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,777−0.009%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.1−0.008%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.3+0.037%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.2−0.184%$29K$22K20xas long as short
Phemex ETHUSDT+0.0010%8h2,777.5+0.006%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4−0.214%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,777.1−0.008%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,778.1+0.030%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,777.6+0.010%$257.0M$995.8M200xas long as short
MEXC ETH_USDT+0.0047%8h2,777.4+0.003%$1.61B$2.68B500xas long as short
Binance ETHUSDT+0.0047%8h2,777.4+0.002%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0048%1h2,776.4−0.031%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0073%8h2,777.4+0.003%$3.28B$9.66B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.8−0.018%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0083%1h2,777.4+0.004%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.113%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.9+0.023%$115.4M$513.8M50xas long as short
Lighter RH ETH+0.0096%1h2,779.4+0.076%$25.4M$122.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.4+0.004%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.3+0.002%$16.0M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.7−0.021%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.4−0.032%$14.7M$117.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.8+0.090%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,778+0.026%$31.3M$287.3M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,777.3long leg$2.52B$4.64B150x
Ondo Perps ETH-USD.P+0.0100%1h2,776.4−0.032%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.9+0.056%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.409%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.7+0.016%$424.9M$742.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,776.8−0.017%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.1+0.029%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.228%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8−0.160%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,774.4−0.104%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777−0.012%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.2+0.033%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.9+0.021%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.9+0.094%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.8−0.018%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,777.5+0.008%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,777−0.010%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.1−0.042%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.1+0.066%$60.2M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.8+0.018%$8.6M$673.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,780.6+0.120%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0153%1h2,779.4+0.075%$258.4M$224.8M50xas long as short
BloFin ETH-USDT+0.0167%8h2,774.5−0.101%$285.0M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,776.7−0.023%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,779+0.061%$87.0M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0432%1h2,776.9−0.014%$284K$1.5M20xas long as short