Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.050%
Price spread now: Hotstuff against MEXC+0.031%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 0.031% dearer against MEXC than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,775.70.0048pay 0.0048% / 8h2h 21m$1.61B$2.68B500x
ShortHotstuff ETH-PERP2,776.5−0.0080pay 0.0010% / 1h21m 23s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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
−$26.88
Price spread: +0.031% → 0.000%
$3.06
Slippage, 4 orders
no order book: not counted
Fee MEXC: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$30.82
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago0.02 bp1.0 bp −$11.0 bp −$101.2 bp −$1163.7 bp −$1,846
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−0.0112%43m2,776+0.012%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7+0.002%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,776.5+0.031%$5K$2K50x
01 Exchange ETHUSD−0.0056%1h2,778.2+0.092%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.081%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778+0.085%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,774.7−0.034%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.6+0.106%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.9+0.044%$22.4M200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.1+0.017%$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+0.013%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.8+0.040%$13.2M200xas long as short
Aster ETHUSDT+0.0039%8h2,777.5+0.066%$257.0M$995.8M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.036%$8.8M$32.6M100xas long as short
MEXC ETH_USDTlong+0.0048%8h2,775.7long leg$1.61B$2.68B500x
Aevo ETH-PERP+0.0048%1h2,775.8+0.006%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776.1+0.015%$6.44B$17.23B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.1+0.017%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.3+0.022%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.9+0.009%$183K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.1+0.086%$258.5M$225.0M50xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.054%$140.6M$320.2Mas long as short
Lighter ETH+0.0096%1h2,779.1+0.124%$115.3M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,780.4+0.170%$25.4M$122.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.041%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.3+0.094%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.5+0.103%$489K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,777.6+0.069%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.7+0.110%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,779+0.121%$31.3M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.1+0.017%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.6+0.070%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.9+0.151%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.088%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776+0.013%$423.0M$741.9M100xas long as short
BingX ETH-USDC+0.0100%8h2,775.9+0.009%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.072%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.045%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.050%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.049%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.9+0.117%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777+0.048%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.108%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6+0.035%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2+0.020%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,777.2+0.055%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.1+0.088%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,775.9+0.009%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.083%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.6+0.070%$8.6M$673.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,779.2+0.128%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0167%8h2,776.3+0.022%$285.2M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.60.000%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.068%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.128%$284K$1.5M20xas long as short