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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.047%
Price spread now: Hotstuff against Aevo+0.074%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
The price spread pays, funding is against you. Hotstuff is 0.074% dearer against Aevo than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,7220.0096pay 0.0012% / 1h0m 04s$4.9M$189K20x
ShortHotstuff ETH-PERP2,724−0.0080pay 0.0010% / 1h0m 04s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Aevo. 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
−$36.96
Price spread: +0.074% → 0.000%
$7.4
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$50.56
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 4 min ago3.80 bp11.9 bp −$1227.6 bp −$27646.2 bp −$4,620doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,724.5+0.092%$274K$5.7M8.3xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,724+0.074%$5K$1K50x
Phoenix ETH−0.0015%1h2,723.8+0.067%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.6+0.098%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,723.5+0.054%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,724.7+0.100%$6.7M$673.0M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.4+0.127%$264.1M$216.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,724.8+0.102%$32.9M200xas long as short
BingX ETH-USDT+0.0018%8h2,725+0.112%$1.07Bas long as short
Bybit ETHUSDT+0.0025%8h2,724.9+0.106%$2.31B$4.31B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0037%8h2,724.5+0.091%$1.05B$1.21B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,725.1+0.114%$189K$883K50xas long as short
BloFin ETH-USDT+0.0044%8h2,724.3+0.084%$280.6M$177.6M150xas long as short
Injective ETH/USDC PERP+0.0050%1h2,728.3+0.232%$117K$22.5M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.2+0.119%$82.0M$310.4M100xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,724.7+0.100%$1.65B$10.73B100xas long as short
ApeX Omni ETHUSDT+0.0078%1h2,722.1+0.003%$8.4M$31.3M100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,724.2+0.083%$239K$1.4M20xas long as short
KuCoin ETHUSDTM+0.0082%8h2,724.4+0.089%$383.0M$575.5M100xas long as short
Aster ETHUSDT+0.0084%8h2,724.9+0.105%$251.9M$850.9M200xas long as short
MEXC ETH_USDT+0.0093%8h2,725.1+0.114%$1.58B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,724.9+0.108%$6.31B$16.08B150xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,724.2+0.080%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,725.4+0.126%$112.2M$433.7M50xas long as short
Lighter RH ETH+0.0096%1h2,726.6+0.168%$23.3M$102.8M50xas long as short
Aevo ETH-PERPlong+0.0096%1h2,722long leg$4.9M$189K20x
Katana Perps ETH-USD+0.0100%8h2,724.5+0.092%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.8+0.251%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,724.5+0.092%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.7+0.210%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,725.3+0.121%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.8+0.067%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,725+0.111%$1.6M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.4+0.126%$3.31B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725+0.109%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.2+0.117%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,723+0.036%$131.2M$318.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,722.3+0.013%$185.2M$683.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,722.9+0.034%$158.2M$81.3M50xas long as short
StandX ETH-USD+0.0100%1h2,723.6+0.059%$20.9M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.8+0.141%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.9+0.181%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,724.2+0.081%$180K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,724.2+0.081%$40.6M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.9+0.070%$956K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,724.3+0.085%$54.3M$182.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,725+0.111%$262.6M$64.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,722.9+0.033%$160.5M$349.9M25xas long as short
Extended ETH-USD+0.0104%1h2,724.1+0.079%$30.4M$71.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.5+0.094%$30.1M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.8+0.141%$46.7M$4.25B50xas long as short
RISEx ETH/USDC+0.0114%1h2,725.2+0.118%$5.6M$11.6M25xas long as short
Bluefin ETH-PERP+0.0128%1h2,724.5+0.091%$20K$23K25xas long as short
Reya ETHRUSDPERP+0.0176%1h2,723.6+0.059%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,726.9+0.182%$32.1M$11.4M100xas long as short