ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.055%

Price spread now: Ondo Perps against Hotstuff−0.190%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Ondo Perps

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.190% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.190% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.5 days of funding at the current rate (+$5 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ETH-PERP	2,738.6	−0.0080	get 0.0010% / 1h	28m 39s	$5K	$1K	50x
Short	Ondo Perps ETH-USD.P	2,733.4	0.0100	get 0.0013% / 1h	28m 39s	$2.7M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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

Position, each leg$Hold fordaysFee HotstuffbpFee Ondo PerpsbpOrdersPrice spread, now −0.190%Rate

Funding earned: $37.8
Price spread: −0.190% → 0.000%: −$18.99
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $8.81
Costs to cover: 0.100%
Break-even: 5.4 days

Slippage unknown: Hotstuff: no order-book sample; Ondo 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Hotstuff and Ondo 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,735.3	−0.122%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERPlong	−0.0080%	1h	2,738.6	long leg	$5K	$1K	50x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.5	−0.150%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,739	+0.015%	$821K	$2.9M	25x	as long as short
HTX ETH-USDT	−0.0005%	8h	2,733	−0.205%	$1.06B	$1.20B	200x	as long as short
dYdX ETH-USD	+0.0004%	1h	2,734.2	−0.159%	$10.7M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,734.5	−0.148%	$28.1M	—	200x	as long as short
Bullet ETH-USD	+0.0026%	1h	2,734	−0.168%	$179K	$1.7M	20x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,733.9	−0.173%	—	$1.14B	—	as long as short
Bybit ETHUSDT	+0.0041%	8h	2,733.3	−0.195%	$2.37B	$4.37B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0048%	1h	2,735.1	−0.128%	$187K	$815K	50x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,734.2	−0.160%	$379.8M	$573.5M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0068%	1h	2,735.4	−0.117%	$259.5M	$200.2M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,733.6	−0.184%	$1.67B	$10.73B	100x	as long as short
SunX ETH-USDT	+0.0080%	8h	2,734.2	−0.160%	$959K	$11.2M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,734.2	−0.161%	$251.1M	$841.9M	200x	as long as short
ApeX Omni ETHUSDT	+0.0085%	1h	2,737.8	−0.030%	$8.7M	$31.2M	100x	as long as short
Phemex ETHUSDT	+0.0086%	8h	2,734.3	−0.157%	$265.1M	$65.1M	150x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,733.6	−0.181%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,733.7	−0.179%	$6.35B	$15.89B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,734.2	−0.159%	$112.8M	$432.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,735.6	−0.111%	$23.4M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,736.1	−0.093%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,731.7	−0.253%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,735.8	−0.102%	$117K	$22.5M	52x	as long as short
SoDEX ETH-USD	+0.0097%	1h	2,734.2	−0.161%	$54.4M	$187.7M	40x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.4	−0.190%	$505K	$3.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736.9	−0.061%	$15.6M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,735.1	−0.127%	$13.8M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,736.4	−0.080%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.6	−0.146%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,733.4	−0.190%	$2.7M	$16.7M	25x
Arcus ETH-USD	+0.0100%	1h	2,734.9	−0.135%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,736.4	−0.079%	$170.3M	$327.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,734	−0.168%	$3.33B	$8.89B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,733.9	−0.171%	$2.07B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,733.4	−0.191%	$15.2M	$40.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.4	−0.043%	$133.6M	$321.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.2	−0.089%	$184.1M	$671.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.1	−0.018%	$159.3M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738	−0.022%	$21.1M	$69.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,735.8	−0.101%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,735.8	−0.102%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.6	−0.145%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,735.7	−0.107%	$41.3M	$29.9M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,732.7	−0.216%	$30.6M	$73.1M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,734.7	−0.144%	$5.6M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0108%	1h	2,737	−0.058%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,735	−0.130%	$50.9M	$4.28B	50x	as long as short
Kalshi KXETHPERP	+0.0137%	8h	2,735.7	−0.106%	$6.5M	$684.2M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,734.9	−0.135%	$83.3M	$315.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0196%	8h	2,736.2	−0.088%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,733.5	−0.187%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,738.3	−0.011%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0370%	8h	2,734.2	−0.160%	$283.1M	$175.1M	150x	as long as short