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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 06:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.044%
Price spread now: Hotstuff against Bullet+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 3 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
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,731.60.0080pay 0.0010% / 1h16m 54s$181K$1.7M20x
ShortHotstuff ETH-PERP2,732−0.0080pay 0.0010% / 1h16m 54s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Bullet. 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
−$33.59
Price spread: +0.015% → 0.000%
$1.46
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$45.13
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bullet: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 2 min ago0.18 bp5.4 bp −$59.3 bp −$93doesn't fitdoesn'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%43m2,731.7+0.003%$281K$5.7M8.3xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,732+0.015%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.7+0.005%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,725.4−0.227%$815K$3.0M25xas long as short
HTX ETH-USDT−0.0002%8h2,731.8+0.006%$1.05B$1.22B200xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732+0.014%$32.9M—200xas long as short
dYdX ETH-USD+0.0007%1h2,732.3+0.025%$10.4M$42.6M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.8−0.029%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0035%8h2,730.6−0.035%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,732.7+0.040%$191K$842K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,731.5−0.004%$2.35B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0078%8h2,731.7+0.004%$375.1M$577.9M100xas long as short
SunX ETH-USDT+0.0079%8h2,731.2−0.014%$958K$11.1M100xas long as short
Bullet ETH-USDlong+0.0080%1h2,731.6long leg$181K$1.7M20x
Aftermath Perps ETHUSD+0.0084%1h2,726.9−0.174%$30K$20K20xas long as short
Aster ETHUSDT+0.0090%8h2,731.60.000%$252.3M$846.3M200xas long as short
Phemex ETHUSDT+0.0092%8h2,731.9+0.011%$263.3M$65.0M150xas long as short
MEXC ETH_USDT+0.0095%8h2,731.3−0.013%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0096%8h2,731.5−0.002%$6.34B$16.12B150xas long as short
Lighter ETH+0.0096%1h2,732.2+0.022%$112.5M$435.6M50xas long as short
Lighter RH ETH+0.0096%1h2,733.4+0.067%$23.5M$104.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.6−0.073%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0097%8h2,731.7+0.005%$1.66B$10.88B100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.5−0.004%$505K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736+0.162%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.7+0.003%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734+0.088%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,732.3+0.027%$32.0M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.9−0.026%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.8+0.044%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,722.5−0.333%$160.0M$319.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.3−0.011%$3.28B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.8+0.006%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.3−0.011%$14.9M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,724.5−0.260%$133.3M$327.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.3−0.229%$184.6M$678.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.6−0.001%$158.9M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,729.9−0.062%$8.7M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,731.7+0.004%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.059%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.073%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.1+0.018%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.6+0.072%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,731.8+0.007%$54.4M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,730−0.059%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.1+0.017%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,733+0.049%$49.7M$4.31B50xas long as short
RISEx ETH/USDC+0.0108%1h2,732.6+0.035%$5.6M$11.8M25xas long as short
Deribit ETH-PERPETUAL+0.0131%1h2,733.1+0.056%$259.3M$207.7M50xas long as short
Kalshi KXETHPERP+0.0148%8h2,731.9+0.011%$6.9M$692.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,732.4+0.030%$83.3M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,734.2+0.096%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0199%1h2,730.9−0.027%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,733.1+0.053%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0382%8h2,731.9+0.009%$281.6M$174.8M150xas long as short