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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.052%
Price spread now: KuCoin against Hotstuff+0.061%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 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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.061% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,732.3−0.0080get 0.0010% / 1h17m 21s$5K$1K50x
ShortKuCoin ETHUSDTM2,7340.0064get 0.0064% / 8h4h 17m$380.3M$574.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$30.24
Price spread: +0.061% → 0.000%
$6.15
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$19.39
Costs to cover
0.170%
Break-even
2.5 days
Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago0.02 bp6.3 bp −$68.9 bp −$8911.5 bp −$1,146doesn't fit
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%43m2,732.8+0.018%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.070%$117K$22.5M52xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,732.3long leg$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.7+0.086%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,733.1+0.029%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,734.5+0.081%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.059%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.9+0.094%$28.1M200xas long as short
Bullet ETH-USD+0.0009%1h2,733.9+0.059%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0039%8h2,730.9−0.051%$1.05B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0049%1h2,732.7+0.013%$8.7M$31.3M100xas long as short
BingX ETH-USDC+0.0052%8h2,733.6+0.047%$18.4Mas long as short
Bybit ETHUSDT+0.0059%8h2,734+0.061%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTMshort+0.0064%8h2,734+0.061%$380.3M$574.5M100x
OKX ETH-USDT-SWAP+0.0072%8h2,734.3+0.074%$1.67B$10.72B100xas long as short
Phemex ETHUSDT+0.0077%8h2,731.8−0.018%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0085%8h2,734.3+0.074%$251.1M$841.9M200xas long as short
SoDEX ETH-USD+0.0091%1h2,734.3+0.073%$54.5M$187.6M40xas long as short
Binance ETHUSDT+0.0094%8h2,734.3+0.074%$6.35B$15.87B150xas long as short
MEXC ETH_USDT+0.0094%8h2,734+0.064%$1.55B$2.57B500xas long as short
Lighter ETH+0.0096%1h2,733.8+0.054%$112.9M$440.3M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.097%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,734.6+0.082%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.8−0.018%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.3+0.184%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.6+0.085%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5+0.044%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.7+0.053%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.4+0.150%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,735+0.097%$31.9M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.6+0.048%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.7+0.088%$1.6M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.4+0.075%$3.34B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.3+0.073%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.30.000%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.030%$133.7M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.005%$183.8M$671.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.8+0.017%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,732−0.011%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.6+0.084%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.6+0.121%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.3+0.074%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.3+0.145%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,733+0.025%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.092%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,733.6+0.047%$30.4M$72.7M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735.7+0.125%$259.7M$196.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.5+0.119%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734.1+0.068%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0137%8h2,732−0.011%$6.8M$678.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,736.6+0.158%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,733.3+0.038%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.1+0.103%$83.4M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,733.1+0.029%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0380%8h2,731.7−0.023%$282.3M$175.5M150xas long as short