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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.047%
Price spread now: MEXC against Hotstuff−0.028%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. MEXC is 0.028% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,747.8−0.0080get 0.0010% / 1h59m 11s$5K$1K50x
ShortMEXC ETH_USDT2,7470.0083get 0.0083% / 8h5h 59m$1.58B$2.50B500x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$34.23
Price spread: −0.028% → 0.000%
−$2.84
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee MEXC: 1 bp × 2 orders
−$2
Net
$24.39
Costs to cover
0.070%
Break-even
2.0 days
Slippage unknown: Hotstuff: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.3 bp −$1,158
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 54 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%43m2,747.1−0.026%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,747.8long leg$5K$1K50x
Injective ETH/USDC PERP−0.0044%1h2,747.5−0.011%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.2−0.020%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.022%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,748.6+0.027%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3−0.018%$22.2M200xas long as short
01 Exchange ETHUSD+0.0024%1h2,748+0.007%$183K$981K50xas long as short
BingX ETH-USDT+0.0042%8h2,746.9−0.032%$1.16Bas long as short
OKX ETH-USDT-SWAP+0.0053%8h2,746.8−0.036%$1.70B$10.62B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.9−0.034%$369.0M$602.2M100xas long as short
Aster ETHUSDT+0.0073%8h2,747.1−0.025%$252.6M$842.8M200xas long as short
RISEx ETH/USDC+0.0077%1h2,747.80.000%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,744.9−0.107%$4.9M$159K20xas long as short
MEXC ETH_USDTshort+0.0083%8h2,747−0.028%$1.58B$2.50B500x
Binance ETHUSDT+0.0083%8h2,747−0.028%$6.39B$15.80B150xas long as short
HTX ETH-USDT+0.0085%8h2,746.8−0.036%$1.06B$1.18B200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,746.6−0.045%$8.7M$31.2M100xas long as short
Bullet ETH-USD+0.0094%1h2,746.8−0.036%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,747.4−0.014%$113.0M$430.0M50xas long as short
Lighter RH ETH+0.0096%1h2,748.8+0.037%$24.7M$103.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9−0.068%$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.2+0.013%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.3+0.129%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.3−0.018%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.1−0.026%$13.9M$107.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,749+0.044%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,748.7+0.033%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747−0.028%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3−0.091%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,748+0.008%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.1−0.027%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747−0.029%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.5−0.049%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6−0.044%$133.0M$342.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,746.8−0.035%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.024%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.2−0.022%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748+0.008%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.80.000%$10.7M$8.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.7−0.003%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.9+0.041%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.5−0.049%$963K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747−0.029%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.3−0.018%$267.5M$65.6M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.057%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.2−0.057%$30.6M$72.7M50xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,747.7−0.002%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0110%1h2,748.3+0.019%$258.9M$195.8M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,747.80.000%$7.9M$670.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,749.6+0.067%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.9+0.004%$88.1M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.6−0.042%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.9−0.034%$250K$1.4M20xas long as short