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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Polymarket Perps against Hotstuff+0.059%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Polymarket 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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.059% 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-PERP2,727−0.0080get 0.0010% / 1h1m 23s$5K$1K50x
ShortPolymarket Perps ETH-USD2,728.60.0100get 0.0013% / 1h1m 23s$11.2M$9.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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
$37.8
Price spread: +0.059% → 0.000%
$5.87
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$30.67
Costs to cover
0.130%
Break-even
1.3 days
Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago0.18 bp4.4 bp −$44.8 bp −$4813.5 bp −$1,348doesn'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−0.0335%43m2,726.2−0.030%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,727long leg$5K$1K50x
HTX ETH-USDT−0.0021%8h2,725.8−0.044%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.1+0.004%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.180%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7+0.025%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2+0.007%$28.0M—200xas long as short
BingX ETH-USDT+0.0031%8h2,726.9−0.002%—$1.14B—as long as short
Bybit ETHUSDT+0.0036%8h2,726.7−0.010%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0041%1h2,726.9−0.004%$178K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.9+0.033%$186K$784K50xas long as short
SunX ETH-USDT+0.0057%8h2,725.4−0.059%$955K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0063%8h2,727.1+0.002%$378.0M$575.1M100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,727.1+0.002%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0076%8h2,726.8−0.009%$252.4M$842.8M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.7−0.085%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0082%8h2,727.3+0.012%$1.56B$2.59B500xas long as short
Binance ETHUSDT+0.0082%8h2,727.1+0.003%$6.32B$15.96B150xas long as short
OKX ETH-USDT-SWAP+0.0083%8h2,726.9−0.003%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0088%8h2,726.2−0.030%$264.1M$63.9M150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,728.5+0.056%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.1+0.003%$112.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,728.1+0.039%$23.4M$105.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.8−0.008%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.070%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.011%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.064%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.3−0.027%$13.8M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.4+0.088%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6+0.022%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.6+0.021%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1+0.005%$3.33B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.6+0.023%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726−0.036%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,730+0.108%$134.8M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.5+0.055%$183.5M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.091%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,7270.000%$21.0M$73.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,728+0.038%—$846K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,728.6+0.059%$11.2M$9.5M50x
Bluefin ETH-PERP+0.0100%1h2,726.8−0.007%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.8+0.067%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,726.4−0.022%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.002%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.2−0.030%$30.6M$73.7M50xas long as short
RISEx ETH/USDC+0.0107%1h2,727.5+0.019%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0109%8h2,727.5+0.018%$6.4M$688.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,7270.000%$50.4M$4.28B50xas long as short
Deribit ETH-PERPETUAL+0.0124%1h2,727.6+0.023%$258.4M$202.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,726.9−0.004%$82.8M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.1+0.078%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726.7−0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,727.9+0.033%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,726.9−0.003%$281.7M$174.5M150xas long as short