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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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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.

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.047%
Price spread now: gTrade (Gains Network) against Bluefin+0.003%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BluefinShort 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,726.10.0100pay 0.0013% / 1h36m 21s$22K$21K25x
ShortgTrade (Gains Network) ETH/USD2,726.2L +0.0007% / S −0.0007%get 0.0001% / 1h36m 21s$32.9M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bluefin. 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
−$19.62
Price spread: +0.003% → 0.000%
$0.33
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$33.29
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 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 Bluefin no order-book sample—————
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,448
Bluefin: 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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.049%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.4−0.024%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3+0.009%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.056%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.9−0.007%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.049%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9−0.007%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.034%$6.7M$689.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727+0.033%$262.7M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0007%1h2,726.2+0.003%$32.9M—200x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.8−0.010%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.1+0.001%$192K$895K50xas long as short
BingX ETH-USDC+0.0030%8h2,724.7−0.051%—$18.6M—as long as short
Bybit ETHUSDT+0.0033%8h2,725.4−0.024%$2.34B$4.42B150xas long as short
SoDEX ETH-USD+0.0064%1h2,726.2+0.005%$54.3M$187.5M40xas long as short
KuCoin ETHUSDTM+0.0072%8h2,725.3−0.029%$376.0M$577.6M100xas long as short
Aster ETHUSDT+0.0083%8h2,725.5−0.022%$251.9M$850.0M200xas long as short
SunX ETH-USDT+0.0085%8h2,726.2+0.004%$955K$11.1M100xas long as short
Aftermath Perps ETHUSD+0.0086%1h2,727+0.036%$30K$20K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,725.4−0.023%$1.65B$10.92B100xas long as short
Aevo ETH-PERP+0.0088%1h2,723.9−0.078%$4.9M$165K20xas long as short
MEXC ETH_USDT+0.0090%8h2,725.3−0.029%$1.52B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,725.5−0.019%$6.32B$16.18B150xas long as short
Lighter ETH+0.0096%1h2,725.9−0.008%$111.9M$434.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.2+0.042%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3−0.028%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.2+0.116%$15.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.5−0.021%$179K$1.7M20xas long as short
Nado ETH-PERP+0.0100%1h2,725.3−0.028%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.4+0.049%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.017%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.043%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.1+0.001%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.044%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.7−0.015%$3.29B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,724.8−0.047%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4−0.026%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2+0.004%$133.5M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.055%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.021%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726.9+0.031%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.6+0.020%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.4+0.012%$11.2M$9.5M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,726.1long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,727.9+0.066%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.2+0.004%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,724.3−0.064%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.9−0.007%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.060%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.1+0.002%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.1+0.076%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0192%1h2,724.1−0.072%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.9+0.029%$83.2M$311.7M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,727.7+0.059%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2+0.003%$281.8M$175.4M150xas long as short