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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+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.044%
Price spread now: 01 Exchange against Hotstuff+0.061%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 01 Exchange
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 +$1 a day on $10k at the current rate, and 01 Exchange is 0.061% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,776.5−0.0080get 0.0010% / 1h20m 48s$5K$2K50x
Short01 Exchange ETHUSD2,778.2−0.0056pay 0.0007% / 1h20m 48s$172K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$5.04
Price spread: +0.061% → 0.000%
$6.12
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$0.84
Costs to cover
0.120%
Break-even
8.2 days
Slippage unknown: Hotstuff: no order-book sample; 01 Exchange: live order book, 3 min ago. 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 01 Exchange live order book, 3 min ago0.18 bp5.5 bp −$611.7 bp −$117doesn't fitdoesn't fit
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−0.0112%43m2,776−0.018%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.029%$119K$22.5M52xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,776.5long leg$5K$2K50x
01 Exchange ETHUSDshort−0.0056%1h2,778.2+0.061%$172K$1.2M50x
Phoenix ETH−0.0023%1h2,773.4−0.112%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778+0.054%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,774.7−0.064%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.6+0.076%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.9+0.013%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.1−0.013%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776.4−0.005%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.8+0.009%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,776.4−0.005%$256.8M$995.8M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.006%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,776.4−0.004%$1.60B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.8−0.025%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776.6+0.003%$6.44B$17.24B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.7+0.006%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.6+0.002%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.9−0.022%$183K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.1+0.056%$258.5M$225.0M50xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.084%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.2+0.025%$115.2M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,778.5+0.073%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.010%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.3+0.063%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.5+0.072%$489K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,777.6+0.038%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.2+0.097%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,779+0.090%$31.3M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.6+0.003%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.6+0.040%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.9+0.121%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.057%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.5+0.001%$422.8M$741.9M100xas long as short
BingX ETH-USDT+0.0100%8h2,776.6+0.002%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6+0.003%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.015%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.019%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.018%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.9+0.086%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777+0.017%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.077%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6+0.004%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2−0.011%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776−0.019%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.1+0.057%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.9−0.023%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.053%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.7+0.043%$8.5M$673.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,779.2+0.097%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1−0.016%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.6−0.031%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.038%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.097%$284K$1.5M20xas long as short