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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+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.046%
Price spread now: Bluefin against gTrade (Gains Network)+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Bluefin
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
LonggTrade (Gains Network) ETH/USD2,777.2L +0.0006% / S −0.0006%pay 0.0001% / 1h33m 37s$22.4M—200x
ShortBluefin ETH-PERP2,777.60.0100get 0.0013% / 1h33m 37s$21K$25K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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

Funding earned
$19.7
Price spread: +0.016% → 0.000%
$1.58
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$7.28
Costs to cover
0.140%
Break-even
4.4 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Bluefin: no order-book sample. 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.52 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,451
Sell Bluefin no order-book sample—————
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
Perpl ETH−0.0447%43m2,776.5−0.026%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,777.4+0.007%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.036%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,777.1−0.004%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778+0.029%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0030%1h2,777.3+0.003%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.7+0.053%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.094%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,777.2long leg$22.4M—200x
BingX ETH-USDC+0.0015%8h2,777.4+0.009%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,776.7−0.019%$270.1M$68.6M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,776.8−0.015%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777−0.006%$13.0M—200xas long as short
Aster ETHUSDT+0.0036%8h2,777−0.008%$256.4M$989.9M200xas long as short
Bullet ETH-USD+0.0040%1h2,774.9−0.081%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,777−0.009%$14.2M$117.8M50xas long as short
MEXC ETH_USDT+0.0060%8h2,778+0.029%$1.63B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,777.4+0.008%$6.45B$17.11B150xas long as short
Aevo ETH-PERP+0.0064%1h2,775.8−0.049%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0072%8h2,777.8+0.022%$3.29B$9.59B200xas long as short
Bitget ETHUSDT+0.0072%8h2,778+0.029%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0089%1h2,776.9−0.011%$55.3M$228.8M40xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,775.4−0.064%$8.7M$32.5M100xas long as short
HTX ETH-USDT+0.0094%8h2,776.3−0.033%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0094%8h2,777.3+0.002%$2.52B$4.60B150xas long as short
Lighter ETH+0.0096%1h2,778.3+0.038%$115.1M$499.1M50xas long as short
Lighter RH ETH+0.0096%1h2,779.3+0.077%$25.4M$121.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.9−0.010%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,777.3+0.002%$426.6M$738.0M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.3+0.003%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.032%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.2+0.109%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,778.1+0.032%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.007%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.5+0.082%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.148%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.017%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6−0.094%$135.3M$322.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.9−0.084%$179.9M$780.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777−0.007%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,777.8+0.022%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776−0.043%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,777.6+0.016%$21K$25K25x
Derive ETH-PERP+0.0100%1h2,779.1+0.067%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.4−0.030%$973K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,775.7−0.054%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,777.5+0.011%$31.5M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.4+0.042%$60.3M$4.60B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,777.4+0.007%$8.6M$674.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0117%1h2,778.7+0.054%$258.3M$222.0M50xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,779.3+0.075%$32.6M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,778.6+0.051%$279K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.4+0.043%$86.3M$330.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,777−0.009%$284.8M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,774.5−0.098%$7.4M$1.2M25xas long as short