Settings8H · net · $10k
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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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Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.072%
Price spread now: Bluefin against Hotstuff+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Bluefin
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bluefin is 0.037% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,771.1−0.0080get 0.0010% / 1h10m 06s$5K$2K50x
ShortBluefin ETH-PERP2,772.10.0100get 0.0013% / 1h10m 06s$21K$25K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Hotstuff. 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
$37.8
Price spread: +0.037% → 0.000%
$3.72
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$29.52
Costs to cover
0.120%
Break-even
1.5 days
Slippage unknown: Hotstuff: no order-book sample; Bluefin: 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 Hotstuff no order-book sample—————
Sell Bluefin no order-book sample—————
Hotstuff and Bluefin: 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−0.0112%43m2,770.7−0.014%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.184%$119K$22.5M52xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,771.1long leg$5K$2K50x
01 Exchange ETHUSD−0.0048%1h2,771.3+0.007%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,775.9+0.173%$886K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.2+0.003%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.7+0.023%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0004%1h2,774.4+0.120%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.4+0.047%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,770.7−0.014%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0026%8h2,771.5+0.013%$267.0M$66.1M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.3+0.044%$13.2M—200xas long as short
Aster ETHUSDT+0.0034%8h2,770.6−0.018%$256.2M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,775.9+0.171%$8.8M$32.7M100xas long as short
Aevo ETH-PERP+0.0048%1h2,769.3−0.065%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0050%8h2,771.4+0.009%$1.59B$2.69B500xas long as short
Binance ETHUSDT+0.0051%8h2,771.1+0.001%$6.44B$17.23B150xas long as short
Bitget ETHUSDT+0.0075%8h2,770.8−0.012%$2.10B$3.13B150xas long as short
Gate ETH_USDT+0.0076%8h2,771−0.004%$3.28B$9.70B200xas long as short
Bullet ETH-USD+0.0083%1h2,771.4+0.010%$183K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,771.7+0.020%$114.7M$515.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.071%$25.3M$123.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.3+0.008%—$41.7M500xas long as short
Variational Omni ETH+0.0097%8h2,770.2−0.032%$140.7M$320.5M—as long as short
HTX ETH-USDT+0.0099%8h2,771.10.000%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.5−0.023%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2+0.004%$486K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.5−0.021%$15.2M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.6+0.090%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,771.10.000%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.8−0.010%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.3−0.029%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.7+0.058%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.020%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771.4+0.012%$422.1M$742.2M100xas long as short
BingX ETH-USDC+0.0100%8h2,770.8−0.013%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3+0.006%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.1+0.180%$179.9M$795.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.7+0.057%$161.3M$97.2M50xas long as short
StandX ETH-USD+0.0100%1h2,771.6+0.018%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.7+0.023%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.061%$10.8M$7.8M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,772.1+0.037%$21K$25K25x
Derive ETH-PERP+0.0100%1h2,772.9+0.067%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.10.000%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,771.10.000%$55.2M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,770.5−0.021%$31.4M$75.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.8+0.061%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,772+0.032%$8.5M$674.2M4.9xas long as short
Deribit ETH-PERPETUAL+0.0129%1h2,773.1+0.071%$258.5M$225.1M50xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,774.2+0.111%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,770.6−0.019%$285.4M$195.6M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,771.4+0.010%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,772.5+0.052%$86.4M$331.2M100xas long as short
Hibachi ETH/USDT-P+0.0456%1h2,772.9+0.064%$281K$1.5M20xas long as short