ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.010%

Price spread now: gTrade (Gains Network) against ApeX Omni+0.056%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on ApeX Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.056%, 7d avg +0.016%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.039% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,769.3	−0.0021	get 0.0003% / 1h	4m 34s	$8.7M	$32.9M	100x
Short	gTrade (Gains Network) ETH/USD	2,770.8	L +0.0006% / S −0.0006%	get 0.0001% / 1h	4m 34s	$22.4M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.056%Rate

Funding earned: $5.57
Price spread: +0.056% → +0.016%: $3.92
Slippage, 4 orders: −$1.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$9.27
Costs to cover: 0.188%
Break-even: 18.6 days

Slippage from ApeX Omni: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 5 min ago	0.32 bp	5.4 bp −$5	5.4 bp −$54	22.4 bp −$2,243	46.2 bp −$23.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,443

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0223%	43m	2,769.1	−0.005%	$285K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,774	+0.172%	$5.6M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.259%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.4	+0.113%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDTlong	−0.0021%	1h	2,769.3	long leg	$8.7M	$32.9M	100x
01 Exchange ETHUSD	−0.0008%	1h	2,774.4	+0.185%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.1	+0.174%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,771.5	+0.080%	$876K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0006% / S −0.0006%	1h	2,770.8	+0.056%	$22.4M	—	200x
OKX ETH-USDT-SWAP	+0.0021%	8h	2,774.5	+0.188%	$1.71B	$11.90B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,770.6	+0.049%	$12.8M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0029%	1h	2,771.1	+0.067%	$29K	$22K	20x	as long as short
Phemex ETHUSDT	+0.0030%	8h	2,769.5	+0.006%	$269.9M	$68.7M	150x	as long as short
SoDEX ETH-USD	+0.0030%	1h	2,769.9	+0.022%	$55.1M	$228.7M	40x	as long as short
Aster ETHUSDT	+0.0032%	8h	2,774.5	+0.188%	$256.1M	$1.00B	200x	as long as short
Bullet ETH-USD	+0.0035%	1h	2,769.8	+0.019%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,773.3	+0.146%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,774.5	+0.188%	$6.47B	$17.28B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.8	−0.018%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,774	+0.170%	$2.11B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,773.9	+0.168%	$3.29B	$9.70B	200x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,773.8	+0.165%	$421.5M	$738.4M	100x	as long as short
Bybit ETHUSDT	+0.0088%	8h	2,774.7	+0.197%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDC	+0.0088%	8h	2,773.4	+0.150%	—	$17.5M	—	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,771.1	+0.065%	$60.3M	$4.59B	50x	as long as short
Nado ETH-PERP	+0.0092%	1h	2,774.5	+0.190%	$14.3M	$118.2M	50x	as long as short
HTX ETH-USDT	+0.0092%	8h	2,769.2	−0.004%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,773.9	+0.165%	$115.1M	$501.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,775.5	+0.225%	$25.3M	$122.1M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,774	+0.169%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.3	+0.145%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773.5	+0.152%	$483K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,775.6	+0.228%	$3.17B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.2	+0.178%	$31.3M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,771.3	+0.073%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.7	+0.196%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	+0.004%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.7	+0.017%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	−0.027%	$148.3M	$337.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.8	+0.018%	$181.8M	$784.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	+0.060%	$161.1M	$89.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.8	+0.055%	$21.4M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.3	+0.037%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.4	+0.040%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.9	−0.013%	$970K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.5	+0.115%	$42.7M	$29.4M	15x	as long as short
Kalshi KXETHPERP	+0.0102%	8h	2,770.5	+0.044%	$8.2M	$688.4M	4.9x	as long as short
Extended ETH-USD	+0.0104%	1h	2,773.3	+0.145%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.8	+0.053%	—	$43.8M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0104%	1h	2,771.7	+0.087%	$259.0M	$222.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,771.1	+0.066%	$90.4M	$338.2M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0144%	8h	2,772.8	+0.126%	$32.6M	$12.2M	100x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,770	+0.027%	$286.6M	$193.5M	150x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,770	+0.025%	$252K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0205%	1h	2,769.9	+0.024%	$7.3M	$1.2M	25x	as long as short