Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%
Price spread now: Bulk against gTrade (Gains Network)+0.003%7-day average +0.003% · 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−$150.151% of the position
Long on gTrade (Gains Network)Short on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.087%+$9 on $10k
Price spread, last 7 days−0.035%−$3 · spread now +0.003%, 7d avg +0.003%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, 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/USD2,743.5L +0.0006% / S −0.0006%pay 0.0001% / 1h43m 08s$22.2M—200x
ShortBulk ETH-USD2,743.50.0100get 0.0013% / 1h43m 08s$165.1M$304.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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: +0.003% → +0.003%
−$0.07
Slippage, 4 orders
−$1.13
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$4.49
Costs to cover
0.151%
Break-even
5.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Bulk: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,451
Sell Bulk live order book, 1 min ago0.02 bp3.5 bp −$43.5 bp −$353.7 bp −$3735.0 bp −$2,507

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−0.0112%43m2,743.1−0.013%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.7−0.064%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.013%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.2−0.008%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,744.4+0.034%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,743.5long leg$22.2M—200x
Phoenix ETH+0.0017%1h2,740.6−0.104%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,743.1−0.013%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.7+0.009%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.8+0.013%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,743.1−0.014%$383.8M$601.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.9−0.019%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0080%8h2,743.5+0.002%$252.3M$841.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,743.1−0.012%$1.56B$2.53B500xas long as short
Aevo ETH-PERP+0.0088%1h2,740.7−0.099%$4.9M$159K20xas long as short
Binance ETHUSDT+0.0089%8h2,743.1−0.012%$6.38B$15.72B150xas long as short
Bullet ETH-USD+0.0094%1h2,742.7−0.027%$183K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,744.2+0.027%$112.9M$432.0M50xas long as short
Lighter RH ETH+0.0096%1h2,745+0.055%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.3−0.042%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.5+0.038%$59.0M$4.28B50xas long as short
HTX ETH-USDT+0.0097%8h2,743.1−0.012%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.6+0.116%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743−0.016%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.9−0.021%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.7+0.082%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.020%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.8+0.012%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.3−0.005%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.3−0.005%$2.7M$16.0M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,743.5+0.003%$165.1M$304.9M25x
Gate ETH_USDT+0.0100%8h2,743.8+0.014%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.7+0.009%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.1−0.013%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.112%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.5−0.070%$182.2M$693.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.134%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,743.1−0.012%$8.9M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,742.5−0.035%$21.2M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.5+0.003%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.4−0.002%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.8+0.013%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.081%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.2−0.010%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744+0.020%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,742.9−0.021%$266.8M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,743.3−0.007%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,743.4−0.002%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0154%8h2,744.1+0.024%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,746+0.091%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,745.3+0.067%$258.8M$195.8M50xas long as short
BloFin ETH-USDT+0.0209%8h2,743−0.015%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.5+0.037%$87.3M$310.5M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,742.4−0.039%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.4−0.037%$249K$1.4M20xas long as short