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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.045%
Price spread now: Derive against gTrade (Gains Network)+0.048%7-day average +0.046% · 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 Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.128%+$13 on $10k
Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.048%, 7d avg +0.046%
Together, before fees−0.158%−$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, 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/USD2,739.2L +0.0007% / S −0.0007%pay 0.0001% / 1h52m 49s$25.4M—200x
ShortDerive ETH-PERP2,740.50.0100get 0.0013% / 1h52m 49s$41.4M$29.7M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$19.59
Price spread: +0.048% → +0.046%
$0.21
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
$6.8
Costs to cover
0.130%
Break-even
4.6 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Derive: 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 ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,450
Sell Derive no order-book sample—————
Derive: 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%43m2,738.4−0.028%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.041%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.1−0.003%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739−0.008%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.7−0.053%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,739−0.007%$182K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.073%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,739.2long leg$25.4M—200x
BingX ETH-USDC+0.0055%8h2,737.9−0.049%—$18.4M—as long as short
Bullet ETH-USD+0.0059%1h2,738.3−0.032%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0062%1h2,738.5−0.025%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,735.9−0.121%$1.68B$10.60B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,736.2−0.110%$380.3M$573.4M100xas long as short
Aster ETHUSDT+0.0084%8h2,738.3−0.034%$253.2M$840.3M200xas long as short
Aevo ETH-PERP+0.0088%1h2,736.3−0.106%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,735.2−0.146%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0092%8h2,735.9−0.120%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,736.5−0.100%$112.5M$431.5M50xas long as short
Lighter RH ETH+0.0096%1h2,737.8−0.053%$24.5M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.3+0.003%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,739.1−0.005%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.8+0.021%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9−0.047%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.5−0.024%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,740+0.028%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737−0.080%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,735.6−0.131%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.7−0.018%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.9−0.011%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.057%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.1−0.040%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.9−0.048%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.5−0.027%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.064%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.024%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.067%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.155%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,740.7+0.055%$21.2M$69.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.030%$11.0M$8.8M50xas long as short
Derive ETH-PERPshort+0.0100%1h2,740.5+0.048%$41.4M$29.7M15x
SunX ETH-USDT+0.0100%8h2,737.8−0.050%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,738.4−0.029%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4−0.027%$266.1M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.012%—$843K50xas long as short
Extended ETH-USD+0.0104%1h2,737.6−0.057%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.3+0.042%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,740.1+0.034%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,739.20.000%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,741+0.067%$32.2M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,740.3+0.041%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4−0.029%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,739.4+0.009%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,738.2−0.037%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,740.3+0.042%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1989%1h2,739.3+0.005%$21K$20K25xas long as short