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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 23:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.055%
Price spread now: gTrade (Gains Network) against Aftermath Perps+0.113%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on gTrade (Gains Network)
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—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.113% dearer against Aftermath Perps than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,777.2−0.0027get 0.0003% / 1h40m 31s$29K$22K20x
ShortgTrade (Gains Network) ETH/USD2,780.3L +0.0006% / S −0.0006%get 0.0001% / 1h40m 31s$22.5M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aftermath 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
$6.97
Price spread: +0.113% → 0.000%
$11.25
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
$2.22
Costs to cover
0.160%
Break-even
4.8 days
Slippage unknown: Aftermath Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 4 min ago. 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 Aftermath Perps no order-book sample—————
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago0.54 bp4.1 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,450
Aftermath Perps: 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%43m2,780.3+0.114%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.121%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.128%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.052%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8+0.131%$170K$1.2M50xas long as short
Aftermath Perps ETHUSDlong−0.0027%1h2,777.2long leg$29K$22K20x
dYdX ETH-USD0.0000%1h2,780.4+0.115%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.106%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5+0.085%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0006% / S −0.0006%1h2,780.3+0.113%$22.5M—200x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,780.3+0.113%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.7+0.127%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.118%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,780.1+0.106%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,780+0.101%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.127%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.066%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,780.6+0.124%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.3+0.113%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,781+0.138%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.4+0.116%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.6+0.087%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,780.5+0.122%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.8+0.168%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.184%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,780.4+0.118%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.146%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.131%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.1+0.214%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.128%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780+0.102%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.179%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.150%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,780.2+0.109%$426.7M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.114%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.120%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.010%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.022%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.021%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.113%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.145%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.182%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780+0.104%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.147%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.126%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4+0.081%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.4+0.082%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.133%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.141%$258.4M$221.6M50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.175%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.167%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,781.5+0.157%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.126%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.090%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.127%$7.4M$1.1M25xas long as short