ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.028%

Price spread now: Deribit against gTrade (Gains Network)+0.052%7-day average +0.030% · 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−$170.175% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.074%+$7 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.052%, 7d avg +0.030%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.022% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,767.2	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	16m 58s	$22.3M	—	200x
Short	Deribit ETH-PERPETUAL	2,768.6	0.0158	get 0.0020% / 1h	16m 58s	$259.1M	$203.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.052%Rate

Funding earned: $31.88
Price spread: +0.052% → +0.030%: $2.21
Slippage, 4 orders: −$3.46
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $16.63
Costs to cover: 0.175%
Break-even: 3.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Deribit: live order book, 2 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), 2 min ago	0.54 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$501	8.9 bp −$4,451
Sell Deribit live order book, 2 min ago	0.45 bp	4.7 bp −$5	5.7 bp −$57	13.7 bp −$1,373	32.3 bp −$16.1K

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
Injective ETH/USDC PERP	−0.0752%	1h	2,765.8	−0.050%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,768	+0.029%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,767.3	+0.003%	$340K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.1	+0.033%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,768.2	+0.036%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,772	+0.174%	$873K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,768.3	+0.041%	$12.2M	$43.2M	50x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,767.2	long leg	$22.3M	—	200x
Bullet ETH-USD	+0.0018%	1h	2,766	−0.043%	$184K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0028%	8h	2,769.1	+0.069%	$1.70B	$11.15B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0030%	1h	2,767	−0.007%	$55.1M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,768.6	+0.052%	$256.4M	$885.9M	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,766.6	−0.020%	$12.7M	—	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,765.3	−0.068%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0057%	8h	2,769.1	+0.070%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,769	+0.066%	$6.48B	$16.25B	150x	as long as short
Gate ETH_USDT	+0.0062%	8h	2,769.4	+0.078%	$3.38B	$9.07B	200x	as long as short
Bitget ETHUSDT	+0.0076%	8h	2,769.4	+0.080%	$2.10B	$2.87B	150x	as long as short
Aftermath Perps ETHUSD	+0.0078%	1h	2,769.6	+0.088%	$31K	$21K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,768.7	+0.053%	$60.3M	$4.42B	50x	as long as short
Vest ETH-PERP	+0.0081%	1h	2,767.8	+0.022%	—	$876K	50x	as long as short
Phemex ETHUSDT	+0.0082%	8h	2,767.2	0.000%	$269.3M	$67.3M	150x	as long as short
HTX ETH-USDT	+0.0084%	8h	2,766.2	−0.035%	$1.07B	$1.24B	200x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,769.6	+0.087%	$420.7M	$604.4M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,767.4	+0.008%	$114.9M	$459.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,768.9	+0.060%	$25.5M	$111.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0098%	1h	2,768.2	+0.036%	$8.7M	$32.1M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.6	+0.123%	$15.9M	$8.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768	+0.029%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,768	+0.029%	$14.6M	$113.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.4	+0.116%	$3.16B	$2.19B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.1	+0.034%	$31.2M	$328.0M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.3	+0.077%	$2.51B	$4.32B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.9	−0.010%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.7	+0.053%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,763.5	−0.132%	$172.0M	$292.0M	25x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,769.2	+0.071%	—	$1.20B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,767.8	+0.020%	$15.1M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	+0.049%	$137.0M	$344.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,768.1	+0.033%	$181.7M	$785.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.8	+0.057%	$161.1M	$85.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,767.9	+0.026%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.6	+0.015%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.4	+0.009%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.5	+0.049%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,767	−0.008%	$971K	$13.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	+0.051%	$30.9M	$75.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,767.5	+0.010%	—	$36.2M	500x	as long as short
Kalshi KXETHPERP	+0.0109%	8h	2,768.6	+0.051%	$8.1M	$677.7M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,768.5	+0.048%	$97.8M	$320.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0155%	8h	2,769.2	+0.072%	$32.6M	$11.1M	100x	as long as short
Deribit ETH-PERPETUALshort	+0.0158%	1h	2,768.6	+0.052%	$259.1M	$203.2M	50x
Hibachi ETH/USDT-P	+0.0160%	1h	2,766.5	−0.025%	$252K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,767.2	0.000%	$287.6M	$178.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0213%	1h	2,766.8	−0.013%	$7.3M	$1.1M	25x	as long as short