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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 05:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.045%
Price spread now: dYdX against gTrade (Gains Network)+0.049%7-day average −0.012% · 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−$16as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on gTrade (Gains Network)Short on dYdX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.262%+$26 on $10k
Price spread, last 7 days−0.014%−$1 · spread now +0.049%, 7d avg −0.012%
Together, before fees+0.248%+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.061% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,738.2L +0.0007% / S −0.0007%pay 0.0001% / 1h59m 00s$28.1M—200x
ShortdYdX ETH-USD2,739.50.0001get 0.0000% / 1h59m 00s$10.7M$41.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$1.18
Price spread: +0.049% → −0.012%
$6.07
Slippage, 4 orders
−$5.11
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$17.22
Costs to cover
0.221%
Break-even
never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; dYdX: live order book, just now.

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), 5 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,453
Sell dYdX live order book, just now1.46 bp6.5 bp −$614.5 bp −$14520.6 bp −$2,05841.0 bp −$20.5K

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%43m2,738.1−0.004%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.7+0.055%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.4+0.007%$11.9M—200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.033%$827K$2.9M25xas long as short
dYdX ETH-USDshort+0.0001%1h2,739.5+0.049%$10.7M$41.9M50x
Bullet ETH-USD+0.0006%1h2,738−0.009%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0007%1h2,738.2long leg$28.1M—200x
SoDEX ETH-USD+0.0008%1h2,737.7−0.018%$54.5M$187.7M40xas long as short
HTX ETH-USDT+0.0024%8h2,737.5−0.025%$1.06B$1.20B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.2+0.037%$187K$821K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0043%8h2,737.3−0.032%—$1.15B—as long as short
Bybit ETHUSDT+0.0053%8h2,737.1−0.040%$2.38B$4.36B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.077%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,737.4−0.029%$380.2M$573.7M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,737.2−0.037%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0079%8h2,737.8−0.015%$265.9M$65.1M150xas long as short
Aster ETHUSDT+0.0091%8h2,738.7+0.019%$251.2M$842.2M200xas long as short
Lighter ETH+0.0096%1h2,738.1−0.004%$113.2M$429.9M50xas long as short
Lighter RH ETH+0.0096%1h2,739.5+0.046%$23.5M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,739.7+0.053%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,735.3−0.106%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,747.1+0.325%$118K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,737.3−0.034%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0098%8h2,737.3−0.034%$6.36B$15.89B150xas long as short
Backpack ETH_USDC_PERP+0.0099%1h2,736.5−0.062%$15.2M$40.7M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,743.9+0.209%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.6+0.015%$499K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.2+0.038%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.2+0.037%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.3+0.075%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.20.000%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.5+0.046%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.165%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.3−0.034%$3.34B$8.81B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.3−0.033%$2.07B$2.73B150xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.032%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,737−0.043%$184.1M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.059%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,738.9+0.026%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.047%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.066%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738.9+0.024%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.6+0.052%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.7−0.018%$961K$11.3M100xas long as short
Extended ETH-USD+0.0104%1h2,736.5−0.061%$30.4M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,739.5+0.046%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,736.7−0.054%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,738.7+0.018%$51.3M$4.27B50xas long as short
Kalshi KXETHPERP+0.0129%8h2,739.2+0.037%$6.8M$679.7M4.9xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,739.2+0.036%$260.3M$197.3M50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,738.4+0.009%$83.5M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,740.1+0.071%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737.4−0.031%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,739.2+0.036%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0394%8h2,737.7−0.018%$283.5M$175.9M150xas long as short