ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.011%

Price spread now: Kalshi against gTrade (Gains Network)−0.021%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on gTrade (Gains Network)Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.021%, 7d avg −0.015%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,730.7	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	44m 41s	$26.2M	—	200x
Short	Kalshi KXETHPERP	2,730.1	0.0153	get 0.0153% / 8h	44m 41s	$6.3M	$676.9M	4.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.021%Rate

Funding earned: $30.79
Price spread: −0.021% → −0.015%: −$0.61
Slippage, 4 orders: −$4.13
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $9.05
Costs to cover: 0.211%
Break-even: 4.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Kalshi: live order book, 4 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), 4 min ago	0.53 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,442
Sell Kalshi live order book, 4 min ago	0.92 bp	6.7 bp −$7	7.6 bp −$76	11.6 bp −$1,164	18.1 bp −$9,065

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
Perpl ETH	−0.0447%	43m	2,730.4	−0.010%	$298K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,729.6	−0.039%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728.5	−0.079%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.7	0.000%	$11.9M	—	200x	as long as short
ApeX Omni ETHUSDT	−0.0008%	1h	2,729	−0.062%	$8.9M	$31.3M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,730.7	+0.002%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,730.7	+0.001%	$188K	$842K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.1	−0.094%	$830K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0007%	1h	2,730.7	long leg	$26.2M	—	200x
Bullet ETH-USD	+0.0018%	1h	2,730.1	−0.021%	$182K	$1.7M	20x	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	+0.0046%	1h	2,729.8	−0.032%	$54.4M	$187.6M	40x	as long as short
BingX ETH-USDT	+0.0057%	8h	2,729.4	−0.045%	—	$1.15B	—	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,731.3	+0.023%	$380.3M	$575.8M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0073%	8h	2,731.7	+0.039%	$1.66B	$10.69B	100x	as long as short
Deribit ETH-PERPETUAL	+0.0080%	1h	2,731.3	+0.023%	$260.1M	$196.8M	50x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,731.2	+0.018%	$252.2M	$843.8M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,730.5	−0.007%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,731.7	+0.038%	$1.53B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,731.2	+0.019%	$6.35B	$15.84B	150x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,729.1	−0.057%	$1.05B	$1.19B	200x	as long as short
Bybit ETHUSDT	+0.0094%	8h	2,731.4	+0.026%	$2.39B	$4.33B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,732	+0.050%	$112.1M	$435.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.6	+0.035%	$23.2M	$105.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,730.4	−0.010%	—	$30.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,734.6	+0.144%	$15.7M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,731	+0.013%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730.2	−0.017%	$498K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.6	−0.037%	$13.7M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,732	+0.049%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.4	+0.062%	$31.6M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.4	−0.047%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.6	+0.070%	$2.8M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.8	+0.369%	$166.9M	$306.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.7	−0.037%	$3.35B	$8.80B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.9	−0.030%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.1	−0.022%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728.4	−0.083%	$133.1M	$325.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,726.2	−0.163%	$182.6M	$671.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729	−0.060%	$158.7M	$84.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728.6	−0.076%	$21.1M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.9	+0.007%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.7	+0.038%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.8	+0.040%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.3	−0.051%	$956K	$11.4M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,730.4	−0.011%	$265.4M	$65.4M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.9	−0.064%	$30.4M	$72.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.3	+0.023%	$51.7M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0115%	1h	2,732.9	+0.082%	$30K	$20K	20x	as long as short
Kalshi KXETHPERPshort	+0.0153%	8h	2,730.1	−0.021%	$6.3M	$676.9M	4.9x
Orderly PERP_ETH_USDC	+0.0193%	8h	2,732.5	+0.067%	$32.1M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,730.7	+0.002%	$84.6M	$313.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0223%	1h	2,729.7	−0.036%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,730	−0.023%	$254K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0291%	8h	2,730.1	−0.021%	$284.8M	$174.9M	150x	as long as short
Bluefin ETH-PERP	+0.0602%	1h	2,730.7	+0.001%	$21K	$20K	25x	as long as short