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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 21:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.024%
Price spread now: gTrade (Gains Network) against Binance+0.027%7-day average +0.012% · 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−$17as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Long on BinanceShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.064%−$6 on $10k
Price spread, last 3 days (all we have)+0.175%+$17 · spread now +0.027%, 7d avg +0.012%
Together, before fees+0.111%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,784.50.0048pay 0.0048% / 8h3h 16m$6.48B$17.28B150x
ShortgTrade (Gains Network) ETH/USD2,785.2L +0.0006% / S −0.0006%get 0.0001% / 1h16m 43s$22.5M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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
−$8.79
Price spread: +0.027% → +0.012%
$1.46
Slippage, 4 orders
−$1.11
Fee Binance: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$25.44
Costs to cover
0.181%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5818.9 bp −$4,440
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago0.52 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,458

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%43m2,785.2+0.027%$292K$6.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.7+0.008%$5K$2K50xas long as short
Phoenix ETH−0.0032%1h2,785.7+0.044%$796K$3.5M25xas long as short
RISEx ETH/USDC−0.0005%1h2,785.5+0.036%$5.8M$12.1M25xas long as short
dYdX ETH-USD0.0000%1h2,785.7+0.045%$13.5M$44.8M50xas long as short
Phemex ETHUSDT+0.0002%8h2,784.3−0.005%$268.5M$66.5M150xas long as short
Injective ETH/USDC PERP+0.0003%1h2,787.8+0.119%$120K$22.5M52xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0006% / S −0.0006%1h2,785.2+0.027%$22.5M—200x
01 Exchange ETHUSD+0.0008%1h2,785+0.019%$175K$1.2M50xas long as short
BingX ETH-USDT+0.0016%8h2,784.7+0.006%—$1.19B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,784.4−0.003%$1.70B$11.96B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0010%1h2,785.2+0.027%$13.0M—200xas long as short
MEXC ETH_USDT+0.0047%8h2,784.50.000%$1.58B$2.60B500xas long as short
Binance ETHUSDTlong+0.0048%8h2,784.5long leg$6.48B$17.28B150x
Aevo ETH-PERP+0.0048%1h2,781.7−0.102%$5.0M$652K20xas long as short
Gate ETH_USDT+0.0060%8h2,784.7+0.009%$3.31B$9.63B200xas long as short
Aster ETHUSDT+0.0063%8h2,784.2−0.012%$257.9M$1.00B200xas long as short
Aftermath Perps ETHUSD+0.0064%1h2,792+0.272%$29K$22K20xas long as short
Bitget ETHUSDT+0.0074%8h2,784.7+0.008%$2.10B$3.17B150xas long as short
Bulk ETH-USD+0.0080%1h2,788.7+0.152%$165.6M$263.4M25xas long as short
Lighter ETH+0.0096%1h2,785.1+0.020%$116.1M$521.4M50xas long as short
Lighter RH ETH+0.0096%1h2,786.6+0.074%$25.7M$125.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,786.5+0.074%—$48.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,785.4+0.033%$495K$2.7M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,789.3+0.174%$16.0M$11.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,785.3+0.029%$16.9M$114.8M50xas long as short
Pacifica ETH+0.0100%1h2,785.2+0.026%$31.5M$276.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,784.9+0.015%$2.52B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.9−0.057%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,787+0.089%$2.9M$17.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,783.4−0.039%$429.0M$747.8M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,784.50.000%$15.5M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,789.3+0.173%$141.4M$317.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,787.2+0.098%$178.3M$783.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,786.2+0.062%$162.0M$98.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,786+0.055%$10.6M$30.6M100xas long as short
StandX ETH-USD+0.0100%1h2,786.5+0.073%$21.5M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,786.4+0.069%$10.9M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,788.4+0.139%$191K$1.8M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.2+0.026%$21K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,783.8−0.026%$976K$14.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.9−0.021%$55.4M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,783.5−0.034%$1.09B$1.31B200xas long as short
Vest ETH-PERP+0.0100%1h2,785.8+0.047%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,784.3−0.008%$31.8M$76.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,785.4+0.034%$60.3M$4.68B50xas long as short
Orderly PERP_ETH_USDC+0.0121%8h2,787.7+0.115%$32.7M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0131%1h2,786+0.053%$259.0M$223.4M50xas long as short
Kalshi KXETHPERP+0.0133%8h2,785.3+0.029%$8.6M$667.5M4.9xas long as short
Derive ETH-PERP+0.0134%1h2,786.4+0.069%$43.2M$29.8M15xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,785.5+0.035%$88.8M$337.4M100xas long as short
BloFin ETH-USDT+0.0168%8h2,783.7−0.028%$287.8M$197.6M150xas long as short
Hyperliquid ETH+0.0168%1h2,786.3+0.065%$3.24B$2.37B25xas long as short
Reya ETHRUSDPERP+0.0204%1h2,783.6−0.031%$7.5M$992K25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,788.1+0.132%$275K$1.6M20xas long as short