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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Vest+0.038%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 airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.038% dearer against Vest than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,740.10.0100pay 0.0013% / 1h54m 25s$844K50x
ShortHotstuff ETH-PERP2,741.1−0.0080pay 0.0010% / 1h54m 25s$5K$1K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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: +0.038% → 0.000%
$3.76
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$41.04
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Vest: 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 Vest no order-book sample
Sell Hotstuff no order-book sample
Vest 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%43m2,738.9−0.042%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERPshort−0.0080%1h2,741.1+0.038%$5K$1K50x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2+0.043%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,741.1+0.039%$10.7M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,740.1+0.001%$6.7M$680.3M4.9xas long as short
Phoenix ETH0.0000%1h2,739.6−0.017%$826K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,741.6+0.055%$28.1M200xas long as short
HTX ETH-USDT+0.0021%8h2,741.5+0.051%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0033%1h2,738.1−0.072%$179K$1.7M20xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.8−0.010%$187K$817K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0042%8h2,740.3+0.007%$1.15Bas long as short
Bybit ETHUSDT+0.0049%8h2,738.1−0.072%$2.37B$4.36B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,739.1−0.037%$380.3M$574.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.2−0.068%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0077%8h2,741.8+0.065%$266.2M$65.1M150xas long as short
Aster ETHUSDT+0.0090%8h2,740.6+0.018%$251.4M$842.5M200xas long as short
Lighter ETH+0.0096%1h2,741.8+0.063%$113.2M$430.3M50xas long as short
Lighter RH ETH+0.0096%1h2,742.6+0.092%$23.5M$103.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,740.1+0.001%$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,737.8−0.085%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,734.2−0.214%$117K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,738.2−0.069%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,739.8−0.008%$6.36B$15.90B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746+0.215%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.4+0.012%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2−0.066%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.4+0.012%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.085%$32.0M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.2+0.005%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.8+0.027%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.015%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.7+0.023%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.2−0.067%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5+0.051%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.058%$134.0M$323.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,737.9−0.081%$184.2M$669.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.7−0.049%$159.3M$86.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738.6−0.053%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,739.9−0.006%$21.1M$68.6M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,740.1long leg$844K50x
Polymarket Perps ETH-USD+0.0100%1h2,740.2+0.005%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.5+0.052%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,743+0.108%$41.4M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.7−0.051%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,741.5+0.052%$54.6M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,739.6−0.016%$30.6M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,740.6+0.021%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,738.6−0.054%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,743+0.105%$51.2M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0152%1h2,742.7+0.096%$83.7M$315.4M100xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,743+0.106%$260.4M$197.7M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,743.6+0.130%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0215%1h2,737.4−0.096%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,741.3+0.044%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0395%8h2,741.5+0.051%$283.7M$176.1M150xas long as short