ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: Katana Perps against gTrade (Gains Network)−0.007%7-day average −0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.007%, 7d avg −0.010%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$3 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	2,771	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	10m 10s	$22.4M	—	200x
Short	Katana Perps ETH-USD	2,770.8	0.0100	get 0.0100% / 8h	1h 10m	$477K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.007%Rate

Funding earned: $19.65
Price spread: −0.007% → −0.010%: $0.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $9.15
Costs to cover: 0.108%
Break-even: 3.7 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Katana Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,446
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,770.5	−0.019%	$287K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,770	−0.034%	$5.7M	$11.8M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.5	+0.018%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.311%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,770.7	−0.010%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,774.4	+0.123%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,772.4	+0.051%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,773.5	+0.091%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,771	long leg	$22.4M	—	200x
BingX ETH-USDC	+0.0015%	8h	2,769.8	−0.045%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0018%	8h	2,771.3	+0.010%	$1.70B	$11.84B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770.9	−0.005%	$12.9M	—	200x	as long as short
Phemex ETHUSDT	+0.0027%	8h	2,771	+0.002%	$269.7M	$68.7M	150x	as long as short
Bullet ETH-USD	+0.0027%	1h	2,770	−0.036%	$180K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0032%	8h	2,771	0.000%	$255.6M	$992.5M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0039%	1h	2,772	+0.037%	$258.5M	$222.5M	50x	as long as short
Nado ETH-PERP	+0.0060%	1h	2,770.2	−0.028%	$14.2M	$118.1M	50x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,771.4	+0.013%	$6.43B	$17.22B	150x	as long as short
MEXC ETH_USDT	+0.0062%	8h	2,769.9	−0.038%	$1.61B	$2.68B	500x	as long as short
ApeX Omni ETHUSDT	+0.0062%	1h	2,772.2	+0.043%	$8.7M	$32.6M	100x	as long as short
SoDEX ETH-USD	+0.0063%	1h	2,770.4	−0.021%	$55.2M	$228.9M	40x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,768	−0.109%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0067%	8h	2,770.4	−0.020%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,770.4	−0.023%	$3.29B	$9.67B	200x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,769.9	−0.040%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0092%	8h	2,771.4	+0.014%	$2.51B	$4.62B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,771.4	+0.016%	$114.9M	$502.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.8	+0.067%	$25.3M	$121.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771.4	+0.014%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0096%	8h	2,770.5	−0.016%	$421.8M	$738.9M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770	−0.037%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USDshort	+0.0100%	8h	2,770.8	−0.007%	$477K	$2.7M	50x
Hyperliquid ETH	+0.0100%	1h	2,772.5	+0.054%	$3.18B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.8	−0.008%	$31.2M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.2	−0.029%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.9	+0.032%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	−0.006%	$166.1M	$253.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.3	+0.011%	$15.1M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.9	−0.005%	$144.7M	$334.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.6	+0.060%	$181.5M	$779.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.5	+0.054%	$161.3M	$91.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.7	+0.062%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.3	+0.011%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.2	+0.006%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.7	+0.062%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	−0.049%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.1	+0.003%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.8	−0.041%	$32.6M	$77.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.7	+0.024%	$59.7M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0124%	8h	2,771.4	+0.015%	$8.3M	$681.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,773.1	+0.075%	$32.5M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,771.7	+0.026%	$85.9M	$332.5M	100x	as long as short
BloFin ETH-USDT	+0.0183%	8h	2,770.8	−0.008%	$284.2M	$194.2M	150x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,769.6	−0.050%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,773.9	+0.104%	$270K	$1.5M	20x	as long as short