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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 −0.044%
Price spread now: Hotstuff against SoDEX+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,776.90.0100pay 0.0013% / 1h14m 12s$55.3M$228.5M40x
ShortHotstuff ETH-PERP2,777.4−0.0080pay 0.0010% / 1h14m 12s$5K$2K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against SoDEX. 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: +0.018% → 0.000%
$1.8
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$49
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.6 bp −$55930.4 bp −$15.2K
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%43m2,776.6−0.011%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.011%$119K$22.5M52xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,777.4+0.018%$5K$2K50x
01 Exchange ETHUSD−0.0048%1h2,776.5−0.014%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,780+0.112%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.4−0.017%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777+0.003%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,776.8−0.002%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5+0.023%$22.4M—200xas long as short
Phemex ETHUSDT+0.0016%8h2,776.9−0.002%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776.1−0.030%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.4+0.018%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,777.7+0.027%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0038%8h2,776.6−0.012%$256.8M$995.6M200xas long as short
Aevo ETH-PERP+0.0048%1h2,774.7−0.079%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0051%8h2,776.6−0.010%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0051%8h2,776.6−0.012%$6.45B$17.23B150xas long as short
Gate ETH_USDT+0.0075%8h2,776.90.000%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0076%8h2,776.2−0.024%$2.10B$3.13B150xas long as short
Deribit ETH-PERPETUAL+0.0081%1h2,778.4+0.055%$258.5M$225.1M50xas long as short
Bullet ETH-USD+0.0084%1h2,776.4−0.016%$184K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,777.1+0.006%$115.1M$514.8M50xas long as short
Lighter RH ETH+0.0096%1h2,778.7+0.066%$25.4M$123.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.7+0.027%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,776.8−0.002%$141.1M$320.7M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.5−0.015%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.90.000%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.7−0.007%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.086%$3.20B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,777.2+0.011%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.2−0.026%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.9−0.036%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.3+0.049%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.043%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.8−0.003%$423.2M$742.0M100xas long as short
BingX ETH-USDT+0.0100%8h2,775.8−0.041%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6−0.013%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,777.2+0.011%$179.9M$795.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.2+0.083%$161.6M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.90.000%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.4+0.017%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778+0.040%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.6+0.024%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.1+0.081%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.7−0.044%$973K$14.2M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,776.9long leg$55.3M$228.5M40x
HTX ETH-USDT+0.0100%8h2,776.3−0.023%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.3−0.021%$31.4M$75.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.4+0.054%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.5+0.022%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.5+0.095%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0172%8h2,776.90.000%$284.4M$196.0M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,776.4−0.019%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.2+0.047%$87.0M$330.8M100xas long as short
Hibachi ETH/USDT-P+0.0456%1h2,778.1+0.042%$282K$1.5M20xas long as short