After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.193%7d average−0.028%fees + slippage, in and out−$16spread needed0.164%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETH | 2,759.6 | 0.0100 | pay 0.0013% / 1h | 0m 06s | $3.22B | $2.14B | 25x |
| Short | Bulk ETH-USD | 2,754.3 | 0.0000 | pay 0.0000% / 1h | 0m 06s | $161.3M | $272.1M | 25x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$19.3
- Funding while held
- −$3.01
- Slippage, 4 orders
- −$0.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$38.7
- Spread needed to break even
- 0.164%
Slippage from Hyperliquid: live order book, 6 min ago; Bulk: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.01
- Average in range /8h
- —
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 Hyperliquid live order book, 6 min ago | 0.18 bp | 4.7 bp −$5 | 4.7 bp −$47 | 4.9 bp −$486 | 6.8 bp −$3,386 |
| Sell Bulk live order book, 1 min ago | 0.02 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.5 bp −$352 | 5.0 bp −$2,498 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.395% | −0.0004% | 1h | $118K | $22.5M | 52x | as long as short |
| Bulk ETH-USDshort | −0.193% | 0.0000% | 1h | $161.3M | $272.1M | 25x | |
| Aevo ETH-PERP | −0.191% | +0.0048% | 1h | $5.0M | $649K | 20x | as long as short |
| ApeX Omni ETHUSDT | −0.175% | +0.0066% | 1h | $8.2M | $28.1M | 100x | as long as short |
| edgeX ETHUSDC | −0.169% | +0.0100% | 4h | $179.5M | $740.1M | 100x | as long as short |
| BloFin ETH-USDT | −0.158% | +0.0170% | 8h | $291.4M | $177.8M | 150x | as long as short |
| Hotstuff ETH-PERP | −0.156% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| Phoenix ETH | −0.152% | +0.0073% | 1h | $1.1M | $2.5M | 25x | as long as short |
| Variational Omni ETH | −0.146% | +0.0099% | 8h | $145.9M | $302.3M | — | as long as short |
| Aftermath Perps ETHUSD | −0.142% | +0.0142% | 1h | $29K | $19K | 20x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| StandX ETH-USD | −0.141% | +0.0100% | 1h | $21.2M | $54.8M | 40x | as long as short |
| Ondo Perps ETH-USD.P | −0.138% | +0.0100% | 1h | $2.9M | $15.0M | 25x | as long as short |
| SunX ETH-USDT | −0.124% | +0.0100% | 8h | $966K | $14.1M | 100x | as long as short |
| Extended ETH-USD | −0.124% | +0.0104% | 1h | $31.5M | $75.4M | 50x | as long as short |
| SoDEX ETH-USD | −0.123% | −0.0015% | 1h | $55.6M | $162.3M | 40x | as long as short |
| Bullet ETH-USD | −0.120% | +0.0021% | 1h | $191K | $1.8M | 20x | as long as short |
| HTX ETH-USDT | −0.120% | +0.0100% | 8h | $1.08B | $1.21B | 200x | as long as short |
| KuCoin ETHUSDTM | −0.120% | +0.0100% | 8h | $401.3M | $696.6M | 100x | as long as short |
| MEXC ETH_USDT | −0.118% | +0.0049% | 8h | $1.61B | $2.43B | 500x | as long as short |
| Nado ETH-PERP | −0.115% | +0.0100% | 1h | $17.0M | $111.4M | 50x | as long as short |
| Phemex ETHUSDT | −0.115% | +0.0005% | 8h | $266.4M | $64.1M | 150x | as long as short |
| Aster ETHUSDT | −0.109% | +0.0079% | 8h | $266.9M | $931.9M | 200x | as long as short |
| OKX ETH-USDT-SWAP | −0.103% | +0.0019% | 8h | $1.73B | $11.05B | 100x | as long as short |
| Binance ETHUSDT | −0.101% | +0.0049% | 8h | $6.56B | $15.94B | 150x | as long as short |
| Bitget ETHUSDT | −0.100% | +0.0081% | 8h | $2.11B | $2.94B | 150x | as long as short |
| Gate ETH_USDT | −0.100% | +0.0067% | 8h | $3.35B | $9.03B | 200x | as long as short |
| BingX ETH-USDT | −0.100% | +0.0015% | 8h | — | $1.07B | — | as long as short |
| Katana Perps ETH-USD | −0.098% | +0.0100% | 8h | $477K | $2.4M | 50x | as long as short |
| Reya ETHRUSDPERP | −0.097% | +0.0217% | 1h | $7.4M | $821K | 25x | as long as short |
| Bybit ETHUSDT | −0.097% | +0.0100% | 8h | $2.51B | $4.32B | 150x | as long as short |
| Pacifica ETH | −0.094% | +0.0100% | 1h | $31.3M | $251.3M | 50x | as long as short |
| Bluefin ETH-PERP | −0.090% | +0.0100% | 1h | $21K | $25K | 25x | as long as short |
| Perpl ETH | −0.089% | 0.0000% | 43m | $288K | $6.4M | 8.3x | as long as short |
| Lighter ETH | −0.088% | +0.0096% | 1h | $116.2M | $487.5M | 50x | as long as short |
| Hibachi ETH/USDT-P | −0.088% | +0.0224% | 1h | $282K | $1.5M | 20x | as long as short |
| Vest ETH-PERP | −0.086% | +0.0100% | 1h | — | $1.1M | 50x | as long as short |
| Arcus ETH-USD | −0.082% | +0.0100% | 1h | $2.9M | $16.0M | 25x | as long as short |
| Backpack ETH_USDC_PERP | −0.082% | +0.0100% | 1h | $15.3M | $41.6M | 50x | as long as short |
| RISEx ETH/USDC | −0.074% | +0.0083% | 1h | $5.8M | $12.2M | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | −0.072% | L −0.0013% / S +0.0045% | 1h | $11.9M | — | 200x | as long as short |
| 01 Exchange ETHUSD | −0.069% | −0.0008% | 1h | $180K | $1.2M | 50x | as long as short |
| Jupiter Perps ETH-PERP | −0.068% | L +0.0096% / S +0.0048% | 1h | — | $43.1M | 500x | as long as short |
| gTrade (Gains Network) ETH/USD | −0.068% | L +0.0006% / S −0.0006% | 1h | $22.3M | — | 200x | as long as short |
| dYdX ETH-USD | −0.060% | 0.0000% | 1h | $13.1M | $41.5M | 50x | as long as short |
| Kalshi KXETHPERP | −0.058% | +0.0140% | 8h | $9.6M | $616.6M | 4.9x | as long as short |
| Kraken Futures PF_ETHUSD | −0.055% | +0.0162% | 1h | $85.1M | $319.6M | 100x | as long as short |
| Lighter RH ETH | −0.052% | +0.0096% | 1h | $25.4M | $120.6M | 50x | as long as short |
| Deribit ETH-PERPETUAL | −0.052% | 0.0000% | 1h | $258.9M | $205.5M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | −0.051% | +0.0136% | 1h | $59.6M | $4.52B | 50x | as long as short |
| Polymarket Perps ETH-USD | −0.033% | +0.0100% | 1h | $11.5M | $6.7M | 50x | as long as short |
| Derive ETH-PERP | −0.013% | +0.0100% | 1h | $42.7M | $29.1M | 15x | as long as short |
| Orderly PERP_ETH_USDC | −0.003% | +0.0113% | 8h | $32.3M | $11.0M | 100x | as long as short |
| Hyperliquid ETHlong | 0.000% | +0.0100% | 1h | $3.22B | $2.14B | 25x | |
| Paradex ETH-USD-PERP | +0.045% | +0.0100% | 8h | $14.9M | $10.7M | 50x | as long as short |
Hyperliquid ETH
Bulk ETH-USD
Injective
ApeX Omni
BloFin
Phoenix
Variational Omni
StandX
SunX
Extended
SoDEX
Bullet
HTX
KuCoin
MEXC
Phemex
Aster
OKX
Binance
Bitget
Gate
BingX
Katana Perps
Bybit
Pacifica
Bluefin
Lighter
Backpack
RISEx
GMX
gTrade (Gains Network)
Kraken Futures
Lighter RH
Deribit
Coinbase International
Polymarket Perps
Derive
Paradex