ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Pacifica−0.006%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Hotstuff

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 airdropPacifica: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ETH	2,723.7	0.0100	pay 0.0013% / 1h	22m 05s	$32.0M	$333.8M	50x
Short	Hotstuff ETH-PERP	2,723.5	−0.0080	pay 0.0010% / 1h	22m 05s	$5K	$1K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Pacifica. 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 PacificabpFee HotstuffbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$37.8
Price spread: −0.006% → 0.000%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$51.44
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 2 min ago; Hotstuff: 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 Pacifica live order book, 2 min ago	0.18 bp	4.2 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,723.8	+0.003%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERPshort	−0.0080%	1h	2,723.5	−0.006%	$5K	$1K	50x
HTX ETH-USDT	−0.0010%	8h	2,725.1	+0.054%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.1	+0.017%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	−0.135%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,724.4	+0.025%	$32.6M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,722.8	−0.032%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.241%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0034%	8h	2,726	+0.085%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,724.7	+0.038%	$190K	$829K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,725.8	+0.078%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0069%	8h	2,723.2	−0.018%	$955K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,724	+0.012%	$180K	$1.7M	20x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,715.8	−0.289%	$8.6M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,725.3	+0.060%	$373.9M	$577.4M	100x	as long as short
Aftermath Perps ETHUSD	+0.0079%	1h	2,720.6	−0.114%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,725.8	+0.078%	$252.1M	$845.2M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,722.6	−0.038%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,725.8	+0.079%	$1.54B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,725.9	+0.083%	$6.31B	$16.08B	150x	as long as short
Phemex ETHUSDT	+0.0093%	8h	2,725.7	+0.073%	$262.7M	$64.9M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0096%	8h	2,725.9	+0.082%	$1.66B	$10.82B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,725.9	+0.083%	$112.2M	$434.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.4	+0.135%	$23.5M	$103.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.4	−0.010%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,724.7	+0.039%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.5	−0.007%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.2	+0.166%	$3.09B	$2.04B	25x	as long as short
Pacifica ETHlong	+0.0100%	1h	2,723.7	long leg	$32.0M	$333.8M	50x
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722	−0.061%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,723.9	+0.008%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.043%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.1	+0.090%	$3.31B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.1	+0.088%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.6	+0.069%	$14.9M	$42.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.276%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,715.8	−0.289%	$184.0M	$676.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,721	−0.097%	$158.3M	$86.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,720.8	−0.106%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,724.8	+0.040%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.4	+0.063%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,724.8	+0.042%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727	+0.121%	$40.9M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,725.7	+0.074%	$54.3M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.5	+0.031%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,724.4	+0.028%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,727.1	+0.126%	$49.6M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,724	+0.012%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0151%	8h	2,723.3	−0.014%	$6.9M	$693.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,726.5	+0.102%	$83.0M	$312.1M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0183%	1h	2,726.8	+0.114%	$259.3M	$207.8M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,726.6	+0.107%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,723.4	−0.010%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0264%	1h	2,721.1	−0.096%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,720.5	−0.118%	$281.1M	$173.9M	150x	as long as short