ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.087%

Price spread now: Hotstuff against dYdX−0.134%7-day average — · you buy dearer than you sell

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

Long on dYdX Short 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.134% cheaper against dYdX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,775.6	0.0000	pay 0.0000% / 1h	25m 12s	$12.7M	$45.5M	50x
Short	Hotstuff ETH-PERP	2,771.9	−0.0080	pay 0.0010% / 1h	25m 12s	$5K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against dYdX. 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 dYdXbpFee HotstuffbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$16.81
Price spread: −0.134% → 0.000%: −$13.43
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$45.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 4 min ago	6.32 bp	12.0 bp −$12	27.4 bp −$274	54.7 bp −$5,470	94.3 bp −$47.1K
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	−0.0112%	43m	2,774.8	−0.030%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.343%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERPshort	−0.0080%	1h	2,771.9	−0.134%	$5K	$2K	50x
01 Exchange ETHUSD	−0.0056%	1h	2,775.1	−0.019%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,773.4	−0.080%	$798K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,774.9	−0.026%	$5.8M	$11.9M	25x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,775.6	long leg	$12.7M	$45.5M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.4	−0.009%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0007%	1h	2,771.1	−0.163%	$29K	$22K	20x	as long as short
Phemex ETHUSDT	+0.0014%	8h	2,774.5	−0.041%	$267.2M	$66.1M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0018%	1h	2,771.4	−0.154%	$8.8M	$32.6M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,775	−0.023%	$1.71B	$11.90B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,775.3	−0.013%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,774.9	−0.026%	$256.7M	$995.9M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,774.7	−0.034%	$1.60B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0047%	8h	2,774.7	−0.034%	$6.44B	$17.22B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,774.3	−0.047%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0070%	8h	2,774.7	−0.033%	$3.28B	$9.65B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,774.7	−0.033%	$2.10B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0082%	1h	2,774.5	−0.041%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,774.2	−0.053%	$140.6M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,775.3	−0.013%	$115.4M	$513.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.6	+0.035%	$25.4M	$122.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,775.3	−0.010%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,774.6	−0.038%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774.5	−0.041%	$482K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,774.9	−0.025%	$14.6M	$117.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,777	+0.048%	$3.20B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.4	−0.008%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,774.7	−0.033%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,774.1	−0.055%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,776.8	+0.041%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.350%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,774.6	−0.037%	$424.4M	$741.3M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,774.5	−0.042%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,776.8	+0.043%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.9	−0.169%	$178.1M	$791.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.8	−0.100%	$161.3M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.4	−0.044%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,775.2	−0.014%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,776	+0.013%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,775.6	−0.001%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777	+0.050%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.7	−0.070%	$972K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,774.7	−0.033%	$55.2M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,774.6	−0.037%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.3	−0.049%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.6	+0.035%	$60.1M	$4.63B	50x	as long as short
Kalshi KXETHPERP	+0.0120%	8h	2,775.9	+0.010%	$8.5M	$672.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,777.7	+0.073%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0139%	1h	2,776.4	+0.028%	$258.4M	$224.8M	50x	as long as short
BloFin ETH-USDT	+0.0167%	8h	2,774.5	−0.041%	$285.0M	$195.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,774.6	−0.038%	$7.4M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,776.2	+0.020%	$86.9M	$330.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0432%	1h	2,777.3	+0.061%	$285K	$1.5M	20x	as long as short