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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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Funding you earn now, next payment 04:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: Hotstuff against gTrade (Gains Network)+0.015%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,735.3L +0.0007% / S −0.0007%pay 0.0001% / 1h23m 28s$28.1M—200x
ShortHotstuff ETH-PERP2,735.7−0.0080pay 0.0010% / 1h23m 28s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against gTrade (Gains Network). 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
−$18.23
Price spread: +0.015% → 0.000%
$1.54
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$28.69
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,453
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%43m2,734.9−0.015%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3+0.001%$117K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,735.7+0.015%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735.2−0.005%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1−0.007%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,734.9−0.014%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735−0.010%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,735.3long leg$28.1M—200x
Bullet ETH-USD+0.0007%1h2,734.8−0.018%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735−0.012%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0052%8h2,734.3−0.036%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0055%8h2,733.7−0.057%—$18.4M—as long as short
Bybit ETHUSDT+0.0064%8h2,733.9−0.052%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0066%8h2,735.1−0.007%$380.4M$574.7M100xas long as short
Phemex ETHUSDT+0.0068%8h2,734.7−0.022%$265.9M$65.3M150xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,734.1−0.042%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0081%1h2,735.2−0.003%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,734.5−0.027%$251.0M$842.7M200xas long as short
MEXC ETH_USDT+0.0094%8h2,734−0.046%$1.54B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,734.3−0.037%$6.35B$15.86B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.018%$112.9M$439.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.1+0.031%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.5+0.009%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732.2−0.113%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,738.4+0.115%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.8−0.018%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.5−0.029%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.030%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.6+0.048%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,735−0.009%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.2−0.076%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.8−0.016%$1.6M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.3−0.035%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.4−0.033%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.9−0.015%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.092%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.059%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.058%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,735−0.010%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.30.000%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.026%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,735−0.010%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.5+0.045%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1−0.045%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8−0.017%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,733.3−0.073%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.3+0.038%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,735.2−0.004%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0140%8h2,735.2−0.003%$6.7M$678.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0145%1h2,736.3+0.037%$260.1M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,737.1+0.065%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0220%1h2,733.5−0.065%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.020%$83.4M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.9+0.024%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0377%8h2,735.2−0.001%$282.7M$175.2M150xas long as short