Settings8H · net · $10k
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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 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Polymarket Perps against gTrade (Gains Network)−0.011%7-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−$18as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Long on gTrade (Gains Network)Short on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.088%+$9 on $10k
Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.011%, 7d avg +0.001%
Together, before fees+0.047%+$5 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: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,771.9L +0.0006% / S −0.0006%pay 0.0001% / 1h27m 48s$22.4M—200x
ShortPolymarket Perps ETH-USD2,771.60.0100get 0.0013% / 1h27m 48s$10.7M$8.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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

Funding earned
$19.7
Price spread: −0.011% → +0.001%
−$1.22
Slippage, 4 orders
−$2.21
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$1.27
Costs to cover
0.172%
Break-even
6.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Polymarket Perps: live order book, 1 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), 1 min ago0.52 bp4.0 bp −$44.1 bp −$415.0 bp −$5028.9 bp −$4,458
Sell Polymarket Perps live order book, 1 min ago0.18 bp5.0 bp −$56.2 bp −$6213.6 bp −$1,356doesn'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
Perpl ETH−0.0223%43m2,771.8−0.005%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,771.6−0.013%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.360%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1+0.043%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,774.2+0.082%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,772.2+0.010%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.9−0.072%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,775.6+0.133%$878K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,771.9long leg$22.4M—200x
Aftermath Perps ETHUSD+0.0014%1h2,775.2+0.117%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,770.5−0.050%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,769.9−0.073%$1.70B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.8−0.002%$12.9M—200xas long as short
Aster ETHUSDT+0.0032%8h2,770.5−0.050%$256.1M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,771.2−0.027%$270.2M$69.0M150xas long as short
SoDEX ETH-USD+0.0037%1h2,770.8−0.040%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0049%1h2,771.2−0.024%$183K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0057%1h2,772.7+0.027%$259.0M$222.3M50xas long as short
MEXC ETH_USDT+0.0060%8h2,769.8−0.076%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,769.6−0.084%$6.44B$17.29B150xas long as short
Aevo ETH-PERP+0.0064%1h2,768.6−0.118%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0066%8h2,769.8−0.076%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,770.5−0.050%$3.29B$9.65B200xas long as short
KuCoin ETHUSDTM+0.0084%8h2,770.1−0.065%$420.6M$739.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.001%$59.9M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,770−0.069%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,772+0.005%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,771.3−0.021%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.1−0.065%$115.1M$499.4M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.010%$25.3M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.1+0.044%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.5−0.087%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.7−0.008%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.4−0.017%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.036%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.058%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.1−0.101%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.8−0.040%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.036%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1−0.030%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,773.3+0.049%$147.8M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,773.6+0.060%$182.1M$784.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.1+0.080%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,772.9+0.036%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,771.6−0.011%$10.7M$8.0M50x
Bluefin ETH-PERP+0.0100%1h2,772.3+0.013%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.7+0.066%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.8−0.041%$970K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,769.9−0.072%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.6+0.025%$8.3M$685.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,772+0.003%$86.4M$333.6M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,774.1+0.080%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,772.3+0.013%$286.4M$194.0M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,770.9−0.035%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,773.8+0.069%$252K$1.6M20xas long as short