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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.026%
Price spread now: KuCoin against gTrade (Gains Network)−0.018%7-day average −0.005% · 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−$210.208% of the position
Long on gTrade (Gains Network)Short on KuCoin
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−0.011%−$1 · spread now −0.018%, 7d avg −0.005%
Together, before fees+0.028%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,741.6L +0.0006% / S −0.0006%pay 0.0001% / 1h35m 35s$22.1M—200x
ShortKuCoin ETHUSDTM2,741.10.0063get 0.0063% / 8h5h 35m$383.0M$597.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$11.93
Price spread: −0.018% → −0.005%
−$1.32
Slippage, 4 orders
−$1.8
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$10.19
Costs to cover
0.208%
Break-even
13.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; KuCoin: live order book, 4 min ago.

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), 4 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,450
Sell KuCoin live order book, 4 min ago0.02 bp6.0 bp −$68.6 bp −$8611.4 bp −$1,140doesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,741.5−0.003%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.056%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.3−0.011%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742+0.016%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,740.7−0.031%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,741.6long leg$22.1M—200x
Phoenix ETH+0.0017%1h2,744.7+0.114%$846K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741.6+0.001%$182K$916K50xas long as short
BingX ETH-USDT+0.0050%8h2,741.1−0.016%—$1.15B—as long as short
ApeX Omni ETHUSDT+0.0055%1h2,738.9−0.096%$8.8M$30.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTMshort+0.0063%8h2,741.1−0.018%$383.0M$597.1M100x
OKX ETH-USDT-SWAP+0.0064%8h2,742.3+0.027%$1.70B$10.57B100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.8+0.010%$5.6M$11.2M25xas long as short
Bullet ETH-USD+0.0078%1h2,740.8−0.028%$180K$1.7M20xas long as short
Aster ETHUSDT+0.0079%8h2,741.3−0.008%$252.2M$841.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,741−0.021%$1.56B$2.54B500xas long as short
Aevo ETH-PERP+0.0088%1h2,739.6−0.073%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,741.60.000%$6.37B$15.69B150xas long as short
HTX ETH-USDT+0.0094%8h2,741.7+0.006%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,740.9−0.024%$112.7M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,742.3+0.026%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741−0.021%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.4+0.065%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.9+0.122%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.2−0.013%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.9+0.012%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.8+0.045%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.7+0.004%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742+0.016%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.043%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7+0.005%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.002%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.3−0.011%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.7+0.041%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5−0.003%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.032%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.1−0.163%$181.9M$690.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740−0.059%$159.3M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,740.1−0.054%$21.2M$68.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.8+0.081%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.4+0.068%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,739.9−0.062%$960K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,742+0.016%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.9+0.011%$266.7M$65.0M150xas long as short
Vest ETH-PERP+0.0100%1h2,742.6+0.039%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,740.4−0.044%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0134%1h2,741.2−0.014%$30K$20K20xas long as short
Bluefin ETH-PERP+0.0139%1h2,741.4−0.006%$21K$20K25xas long as short
Kalshi KXETHPERP+0.0157%8h2,741.1−0.017%$7.6M$669.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,743.2+0.060%$258.7M$196.1M50xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,743.5+0.069%$32.3M$11.4M100xas long as short
BloFin ETH-USDT+0.0209%8h2,738.6−0.109%$284.5M$181.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.9+0.050%$87.1M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,742.3+0.027%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.4−0.005%$252K$1.4M20xas long as short