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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.051%
Price spread now: HTX against Hotstuff−0.053%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Funding pays, the price is against you. HTX is 0.053% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,719.9−0.0080get 0.0010% / 1h29m 17s$5K$1K50x
ShortHTX ETH-USDT2,718.5−0.0011pay 0.0011% / 8h2h 29m$1.05B$1.21B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hotstuff. 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
$14.42
Price spread: −0.053% → 0.000%
−$5.29
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$7.88
Costs to cover
0.170%
Break-even
10.8 days
Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 5 min ago. 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 Hotstuff no order-book sample
Sell HTX live order book, 5 min ago0.02 bp6.0 bp −$66.1 bp −$619.2 bp −$92213.3 bp −$6,662
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%43m2,720.2+0.010%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,719.9long leg$5K$1K50x
HTX ETH-USDTshort−0.0011%8h2,718.5−0.053%$1.05B$1.21B200x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,720.3+0.016%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,719.7−0.007%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.6+0.025%$30.9M200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,719.1−0.029%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0010%1h2,720.4+0.018%$10.7M$42.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,721.5+0.059%$190K$791K50xas long as short
BingX ETH-USDT+0.0033%8h2,719.1−0.029%$1.14Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,719.1−0.030%$2.35B$4.41B150xas long as short
Deribit ETH-PERPETUAL+0.0062%1h2,721+0.042%$258.8M$206.5M50xas long as short
SunX ETH-USDT+0.0067%8h2,720.3+0.013%$955K$11.2M100xas long as short
ApeX Omni ETHUSDT+0.0069%1h2,717.6−0.086%$8.6M$31.3M100xas long as short
Bullet ETH-USD+0.0072%1h2,720+0.005%$180K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0075%8h2,719.2−0.027%$374.6M$577.7M100xas long as short
Aftermath Perps ETHUSD+0.0075%1h2,720.8+0.032%$30K$20K20xas long as short
Aster ETHUSDT+0.0084%8h2,719−0.035%$251.6M$843.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,717.5−0.088%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0091%8h2,719−0.033%$1.56B$2.58B500xas long as short
Binance ETHUSDT+0.0091%8h2,719.2−0.026%$6.29B$16.07B150xas long as short
OKX ETH-USDT-SWAP+0.0093%8h2,719.3−0.023%$1.66B$10.78B100xas long as short
Phemex ETHUSDT+0.0095%8h2,719.8−0.005%$262.6M$64.4M150xas long as short
Lighter ETH+0.0096%1h2,719.4−0.020%$111.5M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,720.5+0.021%$23.3M$103.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,720.8+0.033%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,721.9+0.073%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,720.5+0.022%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,723+0.114%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,720.1+0.008%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,720.9+0.037%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,721.8+0.068%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.035%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,720.2+0.013%$3.30B$8.96B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718.9−0.038%$2.07B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718.6−0.049%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.7−0.116%$132.7M$328.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,717.4−0.093%$184.0M$676.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,718.2−0.062%$158.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,718.7−0.044%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.7+0.067%$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,722.3+0.088%$11.2M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.5+0.020%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,721.1+0.045%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,719.1−0.029%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,719.2−0.027%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.8+0.032%$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,720+0.003%$49.8M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,721.7+0.067%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0156%8h2,720.6+0.026%$6.4M$692.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,719.6−0.012%$82.7M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,722.2+0.083%$32.0M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,720.3+0.014%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,720.9+0.038%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0334%8h2,718.8−0.039%$280.7M$173.9M150xas long as short