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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.055%
Price spread now: Hotstuff against Extended+0.070%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort 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 airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.070% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,726.10.0104pay 0.0013% / 1h9m 47s$30.6M$73.5M50x
ShortHotstuff ETH-PERP2,728−0.0080pay 0.0010% / 1h9m 47s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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
−$38.64
Price spread: +0.070% → 0.000%
$7.01
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$41.63
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Extended: 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 Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$273.4 bp −$33711.3 bp −$5,637
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−0.0335%43m2,726−0.004%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,728+0.070%$5K$1K50x
HTX ETH-USDT−0.0018%8h2,726−0.003%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.6+0.020%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729+0.107%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,727.3+0.044%$6.2M$686.0M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,726.8+0.025%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.026%$28.0M—200xas long as short
BingX ETH-USDT+0.0028%8h2,726.8+0.027%—$1.14B—as long as short
Bullet ETH-USD+0.0035%1h2,726.3+0.007%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0037%8h2,726.9+0.029%$2.36B$4.39B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.044%$186K$814K50xas long as short
SunX ETH-USDT+0.0059%8h2,725.6−0.019%$954K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,727+0.033%$377.6M$575.0M100xas long as short
Aster ETHUSDT+0.0078%8h2,727.4+0.047%$250.7M$842.3M200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,727+0.033%$1.67B$10.72B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.078%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0084%8h2,727.3+0.046%$6.32B$15.93B150xas long as short
MEXC ETH_USDT+0.0086%8h2,727+0.033%$1.56B$2.58B500xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.072%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0089%1h2,726.6+0.019%$54.3M$187.8M40xas long as short
Phemex ETHUSDT+0.0089%8h2,726.6+0.019%$264.2M$64.7M150xas long as short
Lighter ETH+0.0096%1h2,728+0.069%$112.3M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,729+0.107%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,727.3+0.044%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.173%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2+0.004%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.4+0.086%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.2+0.042%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.2+0.114%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.5+0.051%$31.8M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.7+0.022%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.1+0.037%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.078%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1+0.036%$3.34B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.2+0.041%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.2+0.004%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.033%$134.7M$322.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.074%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.098%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728+0.070%$21.0M$71.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.6+0.055%—$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.9+0.066%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.041%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.075%$40.9M$29.9M15xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.3+0.117%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728+0.071%$258.4M$202.7M50xas long as short
Extended ETH-USDlong+0.0104%1h2,726.1long leg$30.6M$73.5M50x
RISEx ETH/USDC+0.0107%1h2,726.9+0.030%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.9+0.065%$50.5M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.5+0.051%$83.5M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,728.8+0.098%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.5−0.020%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.7+0.095%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0345%8h2,727.7+0.059%$282.2M$174.7M150xas long as short