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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Jupiter Perps against Hotstuff+0.072%7-day average · you sell dearer than you buy
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 3 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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Jupiter Perps is 0.072% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,771.1−0.0080get 0.0010% / 1h58m 18s$5K$1K50x
ShortJupiter Perps ETH-PERP2,773.1L +0.0104% / S +0.0048%pay 0.0006% / 1h58m 18s$43.8M500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Jupiter Perps 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
$6.72
Price spread: +0.072% → 0.000%
$7.16
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Net
−$3.12
Costs to cover
0.170%
Break-even
10.2 days
Slippage unknown: Hotstuff: no order-book sample; Jupiter Perps: 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 Hotstuff no order-book sample
Sell Jupiter Perps no order-book sample
Hotstuff and Jupiter Perps: 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
Injective ETH/USDC PERP−0.0752%1h2,782+0.393%$119K$22.5M52xas long as short
Perpl ETH−0.0223%43m2,769.8−0.046%$285K$6.8M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8−0.010%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,771.1long leg$5K$1K50x
SoDEX ETH-USD−0.0025%1h2,770.1−0.036%$55.2M$228.8M40xas long as short
Bullet ETH-USD−0.0020%1h2,770.7−0.013%$182K$1.7M20xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.8−0.011%$168K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,773.8+0.097%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,770.4−0.026%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,772+0.032%$8.1M$689.8M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ETH+0.0003%1h2,776+0.177%$877K$3.6M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.2+0.038%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,770.4−0.027%$1.71B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772+0.032%$12.8M200xas long as short
Aftermath Perps ETHUSD+0.0034%1h2,774+0.104%$29K$22K20xas long as short
Aster ETHUSDT+0.0036%8h2,771.5+0.014%$255.9M$1.00B200xas long as short
Aevo ETH-PERP+0.0056%1h2,771.1−0.001%$5.0M$316K20xas long as short
MEXC ETH_USDT+0.0057%8h2,770.9−0.009%$1.61B$2.62B500xas long as short
Binance ETHUSDT+0.0057%8h2,771.6+0.019%$6.46B$17.30B150xas long as short
Bitget ETHUSDT+0.0065%8h2,770.5−0.022%$2.10B$3.08B150xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,771.8+0.024%$259.1M$222.1M50xas long as short
Gate ETH_USDT+0.0071%8h2,770.9−0.009%$3.29B$8.87B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,770.6−0.019%$422.4M$738.7M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,772.2+0.040%$60.7M$4.59B50xas long as short
BingX ETH-USDT+0.0088%8h2,771.4+0.012%$1.24Bas long as short
Lighter ETH+0.0096%1h2,772+0.032%$115.2M$455.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.4+0.083%$25.3M$109.3M50xas long as short
Vest ETH-PERP+0.0096%1h2,771.7+0.021%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.028%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.032%$489K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.7−0.016%$14.3M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.065%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771−0.004%$31.2M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.7−0.014%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.2−0.032%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.010%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5−0.021%$170.6M$266.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.8+0.060%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8+0.099%$151.5M$345.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,773.8+0.098%$182.1M$785.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776+0.178%$161.4M$88.9M50xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.159%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.8−0.011%$10.6M$8.1M50xas long as short
Derive ETH-PERP+0.0100%1h2,772.9+0.064%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.035%$971K$13.9M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.5−0.020%$1.08B$1.32B200xas long as short
Phemex ETHUSDT+0.0100%8h2,771.1−0.001%$269.9M$68.7M150xas long as short
Extended ETH-USD+0.0104%1h2,769.6−0.053%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPshortL +0.0104% / S +0.0048%1h2,773.1+0.072%$43.8M500x
Kraken Futures PF_ETHUSD+0.0134%1h2,771.6+0.018%$90.7M$338.5M100xas long as short
Orderly PERP_ETH_USDC+0.0145%8h2,773+0.070%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0177%8h2,773.3+0.078%$286.9M$193.4M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,777.1+0.217%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,770.2−0.031%$7.3M$1.2M25xas long as short
Bluefin ETH-PERP+0.0421%1h2,771.7+0.023%$21K$24K25xas long as short