ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: Arcus against gTrade (Gains Network)−0.031%46s7-day average +0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.139% of the position

Long on gTrade (Gains Network)Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.095%+$10 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.031%, 7d avg +0.020%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.052% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.020%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,719.5	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	39m 35s	$27.9M	—	200x
Short	Arcus ETH-USD	2,718.6	0.0100	get 0.0013% / 1h	39m 35s	$1.5M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ArcusbpOrdersPrice spread, now −0.031%Rate

Funding earned: $19.63
Price spread: −0.031% → +0.020%: −$5.16
Slippage, 4 orders: −$2.37
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $0.6
Costs to cover: 0.139%
Break-even: 6.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Arcus: live order book, 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,451
Sell Arcus live order book, 5 min ago	0.02 bp	3.5 bp −$4	3.8 bp −$38	5.3 bp −$534	doesn't fit

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	−0.0447%	43m	2,717.6	−0.071%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,718.4	−0.040%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0014%	8h	2,717.9	−0.060%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,719.1	−0.015%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,724.5	+0.185%	$817K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0006%	1h	2,719.5	long leg	$27.9M	—	200x
Injective ETH/USDC PERP	+0.0009%	1h	2,724	+0.166%	$117K	$22.5M	52x	as long as short
dYdX ETH-USD	+0.0015%	1h	2,719.1	−0.015%	$10.7M	$42.3M	50x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,718.4	−0.041%	—	$1.14B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,717.6	−0.069%	$185K	$788K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0041%	8h	2,717.4	−0.076%	$2.34B	$4.41B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0044%	1h	2,720.2	+0.026%	$258.8M	$204.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0062%	1h	2,725	+0.204%	$30K	$20K	20x	as long as short
SunX ETH-USDT	+0.0064%	8h	2,718.5	−0.035%	$954K	$11.2M	100x	as long as short
Bullet ETH-USD	+0.0068%	1h	2,718.8	−0.027%	$178K	$1.7M	20x	as long as short
KuCoin ETHUSDTM	+0.0073%	8h	2,718.2	−0.048%	$375.0M	$577.9M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,716.7	−0.103%	$4.9M	$155K	20x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,717	−0.090%	$251.5M	$845.0M	200x	as long as short
MEXC ETH_USDT	+0.0086%	8h	2,718.4	−0.040%	$1.56B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0087%	8h	2,717.6	−0.071%	$6.30B	$16.07B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0088%	8h	2,718	−0.053%	$1.65B	$10.78B	100x	as long as short
Phemex ETHUSDT	+0.0093%	8h	2,719.3	−0.007%	$263.0M	$64.2M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,718.6	−0.034%	$111.1M	$432.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,719.8	+0.012%	$23.3M	$103.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,717.6	−0.069%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,720.5	+0.039%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,719.1	−0.014%	$13.7M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,720.6	+0.041%	$3.08B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,719.5	+0.001%	$31.8M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,718	−0.054%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,718.6	−0.031%	$1.5M	$16.1M	25x
Bulk ETH-USD	+0.0100%	1h	2,723.8	+0.160%	$163.8M	$329.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,718.3	−0.045%	$3.31B	$8.90B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,718.8	−0.025%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,719	−0.018%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,720.3	+0.030%	$133.3M	$326.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.8	+0.197%	$183.0M	$671.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,721.5	+0.075%	$158.3M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,722.4	+0.107%	$8.6M	$31.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,719.1	−0.014%	$20.9M	$73.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,719.9	+0.015%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,719.2	−0.010%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,719.4	−0.004%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,720.5	+0.037%	$40.8M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,719.2	−0.010%	$54.1M	$187.9M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.3	−0.081%	$30.5M	$74.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,718.5	−0.037%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,720.3	+0.031%	$49.8M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,718	−0.055%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0158%	8h	2,719.2	−0.010%	$6.2M	$690.6M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,719.8	+0.010%	$82.7M	$316.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,721.7	+0.083%	$32.0M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0202%	1h	2,718	−0.054%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	2,722.9	+0.124%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0346%	8h	2,717.8	−0.062%	$281.5M	$174.1M	150x	as long as short