ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.038%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.019%52s7-day average −0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.200% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.019%, 7d avg −0.001%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,735.5	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	25m 30s	$28.1M	—	200x
Short	Kraken Futures PF_ETHUSD	2,735	0.0222	get 0.0028% / 1h	25m 30s	$83.4M	$314.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: $45.16
Price spread: −0.019% → −0.001%: −$1.74
Slippage, 4 orders: −$2.96
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $23.47
Costs to cover: 0.200%
Break-even: 3.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Kraken Futures: 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 −$500	8.9 bp −$4,446
Sell Kraken Futures live order book, 4 min ago	0.18 bp	5.9 bp −$6	6.7 bp −$67	9.0 bp −$899	11.5 bp −$5,773

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	2,734.8	−0.027%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,739.1	+0.130%	$118K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.3	−0.082%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733.2	−0.086%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,735.1	−0.016%	$10.8M	$41.6M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,735.5	−0.001%	$187K	$821K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,735	−0.020%	$830K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0007% / S −0.0007%	1h	2,735.5	long leg	$28.1M	—	200x
Bullet ETH-USD	+0.0007%	1h	2,734.8	−0.026%	$179K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0055%	8h	2,733.7	−0.067%	$1.06B	$1.20B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0055%	8h	2,734.3	−0.046%	—	$18.4M	—	as long as short
ApeX Omni ETHUSDT	+0.0056%	1h	2,734.3	−0.046%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTM	+0.0065%	8h	2,734.8	−0.026%	$380.3M	$574.7M	100x	as long as short
Bybit ETHUSDT	+0.0066%	8h	2,734.9	−0.025%	$2.39B	$4.35B	150x	as long as short
Phemex ETHUSDT	+0.0066%	8h	2,734	−0.057%	$265.9M	$65.3M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,735	−0.020%	$1.67B	$10.72B	100x	as long as short
SoDEX ETH-USD	+0.0079%	1h	2,734.1	−0.053%	$54.5M	$187.6M	40x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,734.8	−0.028%	$251.0M	$842.8M	200x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,735.3	−0.008%	$1.54B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,735	−0.020%	$6.35B	$15.86B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,734.3	−0.044%	$113.0M	$439.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,735.2	−0.013%	$23.4M	$106.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,733.4	−0.079%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.7	−0.176%	$4.9M	$155K	20x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,738.4	+0.106%	$15.6M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,735.5	−0.003%	$5.5M	$11.6M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,734.2	−0.049%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,734	−0.056%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,737.3	+0.063%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,735.4	−0.004%	$31.9M	$334.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,733.8	−0.064%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,735.5	−0.003%	$1.6M	$16.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.7	−0.251%	$166.6M	$310.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,735	−0.021%	$3.35B	$8.90B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,735.1	−0.016%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,733.6	−0.069%	$15.0M	$39.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.8	−0.101%	$133.6M	$325.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,733.7	−0.066%	$183.9M	$670.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,733.7	−0.068%	$159.0M	$86.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,734	−0.056%	$21.1M	$68.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,735.6	+0.002%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,736.6	+0.039%	$11.2M	$9.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,733.8	−0.063%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,735.2	−0.014%	$41.3M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,732.3	−0.119%	$958K	$11.3M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,734.1	−0.053%	$30.3M	$72.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,735.9	+0.013%	$51.3M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0120%	1h	2,735.2	−0.013%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0138%	1h	2,735.6	+0.001%	$260.1M	$195.9M	50x	as long as short
Kalshi KXETHPERP	+0.0141%	8h	2,734.6	−0.034%	$6.8M	$678.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,735.9	+0.014%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0220%	1h	2,734.4	−0.041%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0222%	1h	2,735	−0.019%	$83.4M	$314.7M	100x
Hibachi ETH/USDT-P	+0.0256%	1h	2,734.3	−0.045%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0376%	8h	2,733.3	−0.083%	$282.1M	$175.2M	150x	as long as short