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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.053%
Price spread now: Hotstuff against Jupiter Perps+0.090%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort 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
The price spread pays, funding is against you. Hotstuff is 0.090% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 41 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,735.6L +0.0096% / S +0.0056%pay 0.0012% / 1h50m 01s—$30.5M500x
ShortHotstuff ETH-PERP2,738.1−0.0080pay 0.0010% / 1h50m 01s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Jupiter Perps. 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
−$36.96
Price spread: +0.090% → 0.000%
$9.03
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$44.93
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; 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 Jupiter Perps no order-book sample—————
Sell Hotstuff no order-book sample—————
Jupiter Perps and 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−0.0447%43m2,734.7−0.035%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.134%$118K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,738.1+0.090%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735−0.022%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.9−0.026%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735−0.023%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.204%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735−0.022%$25.7M—200xas long as short
Bullet ETH-USD+0.0045%1h2,734.5−0.041%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0050%1h2,734.3−0.049%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,733.6−0.075%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,732.6−0.112%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,734.5−0.041%$380.7M$573.6M100xas long as short
Aster ETHUSDT+0.0084%8h2,734.4−0.045%$252.8M$841.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,732.1−0.130%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,734−0.060%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0091%8h2,733.6−0.074%$6.35B$15.72B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.029%$112.5M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,735.9+0.010%$24.1M$103.9M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0096% / S +0.0056%1h2,735.6long leg—$30.5M500x
RISEx ETH/USDC+0.0099%1h2,735.3−0.012%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.9+0.156%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.060%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.041%$13.9M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.2+0.021%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736+0.014%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,732.7−0.109%$2.43B$4.21B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.3−0.049%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.1−0.020%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.187%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.5−0.041%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.2−0.053%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.8−0.065%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9−0.027%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.086%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.122%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.085%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.014%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.9+0.009%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.014%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.012%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1−0.055%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,734.2−0.052%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,734.4−0.043%$265.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,733.5−0.078%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.7+0.004%$51.2M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,738.6+0.109%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,735.5−0.005%$7.7M$673.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0185%1h2,736+0.013%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.6+0.034%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5−0.004%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.1−0.019%$85.4M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,733.9−0.064%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736.9+0.045%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.1204%1h2,735−0.022%$21K$20K25xas long as short